Car Parking Spaces

Poorly parked BMW in Beijing spray-painted with insults

Poorly parked BMW in Beijing spray-painted with insults

If you drive a luxury car in Beijing, you should be careful how and where you park it.

Saturday, 4 May, 2013, 11:39am 9 comments

Developers raise prices on car parking spaces

Sun Hung Kai Properties offered parking spaces at The Wings II in Tseung Kwan O for HK$1 million each. Photo: Sandy Li

Developers are beginning to raise their prices not just for new flats but car parking spaces as well, as buying interest returns to a property market spared further cooling measures in the chief executive's policy address.

19 Jan 2013 - 5:12am

Soundwill Holdings sell 29 shopping units at The Sharp, Causeway Bay

Top-floor unit sold for HK$80.47 million at The Sharp. Photo: May Tse

Car parking spaces are passe. Savvy property investors are moving up, so to speak.

5 Jan 2013 - 5:05am

The Week Explained: Space for car park investment

Bays of plenty: a good place to park your money. Photo: Bloomberg

There's a general rule of thumb for property investment which goes something like: "When hot property is in the news, the wise investor allows the newsmen to get on with it while they keep well away." This is all well and good but hot property news is a frequent event in Hong Kong and waiting for markets to cool can take a very long time indeed.

3 Dec 2012 - 4:26am

Frenzy over parking slots may be new real estate bubble

Investors looking for new areas to park their cash in Hong Kong are driving up prices for parking spaces. Photo: AP

Money-minded Hongkongers will never let go any opportunity to make some quick money. Stocks and foreign currencies or flats and shops invariably have an appeal to those with some spare cash to invest. The latest most-sought item is apparently a parking space attached to a housing site.

28 Nov 2012 - 5:36am

Hong Kong's car park space speculators face falling profits

The introduction of a buyer's stamp duty, and a special stamp duty in the residential market achieved its aim of driving speculators out of the overheated residential market. But they have turned to speculating on car parking spaces, sending prices soaring as a result.

28 Nov 2012 - 3:13am

Investors steering to car park spaces for decent returns

Golden Lion Garden in Tai Wai

Retired teacher S.W. Kong learned the value of getting her timing right when she bought a car park space last month.

14 Nov 2012 - 3:22am

Why you're better off buying car parking space

A car parking spot at The Arch, on top of the West Kowloon MTR station, sold for HK$2.2 million in July this year. Photo: K. Y. Cheng

If you are thinking of buying a new car, maybe it would be better to forget the idea and just buy the parking space instead.

3 Oct 2012 - 4:42am

China Digest


Death sentence for bribery

3 Sep 2012 - 4:36am

Che Keng Tuek House No 36

Che Keng Tuek House No 36

For sale: $7.8 million, with tenancy

Karlson Property Consultants

This 15-year-old property known as Che Keng Tuek House No 36 is a 2,100-square-foot detached waterfront village house with a beautifully landscaped 800 sqft garden and sweeping sea views.

5 Nov 2003 - 12:00am

Sino Land to release 32 flats

Sino Land will offer for sale 32 units at its completed Rosedale Gardens in Tuen Mun next Saturday.

Registration for the project will be from Monday to Thursday.

The 31-storey Rosedale Gardens has 200 units of 548 square feet to 845 sq ft.

The development has 42 car parking spaces. A price list is expected to be out today.

3 May 1997 - 12:00am

House goes for $125m in Stanley

A 6,061 square feet three-storey town-house in Stanley has sold for $125 million or $20,623 per sq ft, First Pacific Davies said.

The low-rise development at 39A Tung Tau Wan Road also comes with several car parking spaces.

The property's patio area is connected to the roofs of two nearby low-rises, providing the owners with about 5,000 sq ft of terrace.

19 Mar 1997 - 12:00am

Parking space deal

AWT World Transport is diversifying into property with the purchase of 60 car parking spaces at Whampoa Garden from China Strategic Holdings in a deal worth $47 million.

Under the deal, AWT will issue to China Strategic an unsecured convertible note due in 1998 of which $40 million is convertible into AWT shares at an initial conversion price of 80 cents a share.

18 Apr 1996 - 12:00am

Hope for home buyers

THE Government's property package is trying to create a situation where potential home buyers can clearly assess the market before they rush in to buy a flat.

It will enable them to see the large number of flats that will come on to the market in the near future, and they will not feel stampeded into hastily buying a flat they cannot afford.

12 Jun 1994 - 12:00am

Connaught Road units go for $723m

A MYSTERIOUS buyer has paid $723 million for floors in the 118 Connaught Road West property.

The purchase included the top six office floors (with a total floor area of 79,000 square feet), 18 car parking spaces, four rooftop signs and the naming right to the building.

17 Dec 1993 - 12:00am