Major Taiwanese company buys 1,650 square meters of land along Kokusai Street

June 10, 2014 Wu Li Jun of the Ryukyu Shimpo

Major Taiwanese Cement Company Chia Hsin Cement Corporation bought about 1,650 square meters of land along Kokusai Street in the Matsuo district of Naha. The company concluded a sales contract with an Okinawan company that owned the land, on June 2.

The land was purchased for about 1.2 billion yen. The land is currently used as a parking lot. The Taiwanese company plans to develop a hotel or commerce facility on the land area.

It also manages 12 hotels, including five-star hotels in Taiwan and Mainland China, and three hotels in Italy.

Kent Ma of the company said, “The Okinawan tourism market is healthy and there is high demand for hotels. I expect the Okinawan hotel industry to become more international with our company joining.”

(English translation by T&CT)

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