An elegant tree-lined path leads up a small hill in the northern outskirts of Taipei to the Glory Century, a luxurious estate overlooking a busy alleyway filled with small restaurants in old buildings.
The 14-storey apartment blocks seem oddly out of place, not only because of their opulence but because their many empty flats are a haven of calm in an otherwise busy area.
Yet despite its slightly ghostly appearance – the five-year-old estate is only 60 per cent occupied – Glory Century is, in fact, hot property. Brisk trade in its 80 to 200 sq m flats have driven up prices by 20 per cent in the past year, according to property agents.
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