Taipei Fullon Hotel to be converted into ‘smart’ senior housing｜Formosa English News

Bilingual text here: https://english.ftvnews.com.tw/news/2026B03W08EA?utm_source=youtube&utm_medium=description 雙語文字版: https://english.ftvnews.com.tw/news/2026B03W08EA?utm_source=youtube&utm_medium=description Our official website: ➔ https://english.ftvnews.com.tw/ Follow us on Facebook: ➔ https://www.facebook.com/ftvformosanews X (Twitter): ➔ https://x.com/FTV_Taiwan_News Situated in the heart of Taipei on Jianguo South Road, the first Fullon Hotel in the capital closed its doors in August after 20 years. Now, the property will be transferred into the hands of a senior living community for rent of NT$144 million a year. The operator plans to turn it into a “smart” senior village powered by AI under an expected 20-year lease, earning the landlord, Taiwan Sugar Corp, nearly NT$2.3 billion. After its closure, Fullon Hotel Taipei, Central is poised to welcome a new tenant. Chen Chih-fan FTV reporter What used to be the first Fullon Hotel in Taipei closed in August after 20 years of operation. Now, a new tenant is moving in. They plan to create a “smart” senior living community with hotel amenities. Senior citizen Taipei resident It’s great! I’ve actually already experienced it myself. This place has lots of facilities you can enjoy. Senior citizen Taipei resident With so many facilities available for support, we won’t need our children to take care of us. And we can get medical treatment nearby. With the touch of a button, an oxygen concentrator comes to life. This suction machine, too, both of which use AI to monitor health data. Top-notch medical equipment such as this are just the basics for this planned facility. Taiwan Sugar Corp is the landlord of this 33-year-old building, which for the past 20 has been rented out by the Fullon Hotel. Now, it will change hands to a senior living community for NT$114 million per year. With a 20-year lease, Taisugar is poised to earn NT$2.3 billion in the deal. Plans for the facility include 110 double-occupancy rooms, healthcare, and dining services. Chen Mi Senior community operator It’s an environment and space that feels like home, where residents can receive excellent medical, nursing, and wellness care. The building was originally granted Category B commercial hospitality usage. After bringing it up to standard for hotel-style apartments, we added further value by allowing each room to apply for medical headwalls and satisfy H-2 building qualifications. It may be retrofitted to meet all senior living standards, but it will come with a big price tag. For one person, the rent is NT$20 million over 20 years. Compare that with Ruenfu New Life in New Taipei, which is NT$7 million to NT$15 million for deposit and rent. Chang Gung Health and Culture Village in Taoyuan’s Guishan, which is integrated with the hospital, costs NT$27,500 to NT$47,800 per month not including the deposit, adding up to NT$6.6 million over 20 years. As Taiwan becomes a super-aged society where every fifth person is over 65, senior living communities are to face overwhelming demand, driving an increase of new players in the market. For more Taiwan news, tune in: Mon to Fri at 9:30 pm on Channel 152 Tue to Sat at 1 am on Channel 53 #seniorcommunity #seniorliving #superagedsociety #FullonHotel #elderly #台灣新聞 #FormosaEnglishNews #民視新聞 #FTV新聞 #Taiwan