I like this photo because of how it how it shows several different visual perspectives at once, unlike a regular photo. Panoramic photos like this give the viewer much more to look at than regular ones. I also like how this photo shows off the curving, geometric patterns in the street tiles and multiple sides of the buildings.
I like this photo because the panorama has made the area being photographed look like a tiny planet floating in space. This allows the framing of a relatively small area, as it stands out from the sky around it and features nothing beyond the "planet". The clear water and mountains in the distance give the "planet" depth.