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Foreign visitor slump sending rents in Taipei shopping areas lower 12/20/2020 05:38 PM Shops on Yongkang Street. Photo courtesy of Taipei Dongmen Yongkang Business Circle Development Association, CNA file photo Taipei, Dec. 20 (CNA) Commercial lease rates in three major shopping districts in Taipei are spiraling lower amid a steep decline in foreign visitors caused by the COVID-19 pandemic, according to local business associations. Overseas visitor arrivals were down 86 percent in the first 10 months of the year, and the loss of 8.4 million tourists to Taiwan has dealt a particularly heavy bl...

Taipei shop rents dive amid foreign visitor slump TOUGH TIMES: At least 40 businesses in the Yongkang Street area have shut, and while trade is recovering in Xinmending, the Shilin Night Market is finding it hard to lure locals Staff writer, with CNA Commercial lease rates in three major shopping districts in Taipei are spiraling lower amid a steep decline in foreign visitors caused by the COVID-19 pandemic, local business associations said. Overseas visitor arrivals were down 86 percent in the first 10 months of the year, and the loss of 8.4 milli...

2020/12/20 17:50 Taipei 101 and Taipei World Trade Center. (Taiwan News, Jules Quartly photo) Taipei 101 and Taipei World Trade Center. (Taiwan News, Jules Quartly photo) Commercial lease rates in three major shopping districts in Taipei are spiraling lower amid a steep decline in foreign visitors caused by the COVID-19 pandemic, according to local business associations. Overseas visitor arrivals were down 86 percent in the first 10 months of the year, and the loss of 8.4 million tourists to Taiwan has dealt a particularly heavy blow to so...