Reported 9 months ago
In anticipation of excellent location conditions and future development benefits, major developers in Taipei have been investing heavily in the acquisition of large restaurant properties in the city center, totaling about NT$13.5 billion in the past five years. These transactions, involving well-known eateries like '89 Emperor Crab Specialty Restaurant' and '展華花園會館', provide developers with greater product planning space due to their large land areas exceeding 300 ping and high unit prices surpassing millions. By acquiring properties with existing buildings, developers can enjoy more flexible financing options compared to purchasing vacant land, and are driven by the advantages of prominent locations and potential development benefits to invest heavily in Taipei's restaurant properties.
Source: YAHOO