20.01.2012 - Taipei: Retail property prices still break records
While the nationís housing market is stalling, storefront prices in Taipei Cityís 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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