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Taipei: Retail property prices still break records

Posted on 20 January 2012

While the nation’s housing market is stalling, storefront prices in Taipei City’s prime locations has continued to break records, as evidenced by a recent deal for a tiny retail space on Zhongxiao E Road, a real-estate broker said.
The storefront, measuring 18.45 ping (60.89m2) and currently housing a boutique selling Pierre Cardin products, was sold last month for NT$195 million (US$6.5 million), or a record NT$10.57 million per ping, overtaking the previous record of NT$9.64 million per ping set by a storefront in Ximending, downtown Taipei………………………………………..Full Article: Source


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