Reported about 1 year ago
TVBS News reported on June 11, 2024, that over the past five years, eight restaurants or banquet halls in Taichung have been acquired by property developers. These establishments all have an area exceeding 300 ping, with land prices surpassing one million per ping. Industry insiders attribute this trend to the benefits of prime urban locations, the simple ownership structure, existing buildings on the land which reduce reconstruction costs, and the additional rental income during the integration process, making large-scale restaurants an attractive target for property developers.
Source: YAHOO