Taiwanese company buys Gokueikan theater site

The land of the former Kokueikan movie theater site on Kokusai Street in Naha, has been sold to a major Taiwanese cement company.

According to reports, the site was sold for ¥1.2 billion. Currently the land is being used as a parking lot.

According to officials of the Taiwanese buyer, it plans to construct a hotel and other commercial buildings on the site. The construction is planned to start as early as within this year. The lot has an area of about 1,680 square meters.