Car-Parking Spaces

2012: when car parks became cash shelters

Nearly 3,000 car parking spaces were sold in the city in the first 20 days of December, the highest number in 16 years. Photo: David Wong

Happy Holidays to all.

The new year is traditionally a time to take a look at how things have gone in the past 12 months and vow to start afresh.

Tuesday, 1 January, 2013, 5:36am

Hong Kong property sales up 6 per cent in 2012

Hong Kong property sales up 6 per cent in 2012

Property sales in Hong Kong are expected to have risen 6 per cent last year, with the total value of deals climbing to a two-year high thanks to rapid growth in home prices.

1 Jan 2013 - 5:30am

Hong Kong parking space prices zoom to record

Cheung Kong sold a spot for HK$1.3 million - the price of two vans. Photo: David Wong

The soaring price of a parking space in Hong Kong is raising fresh concerns that money flowing into the city could further inflate the red-hot property market.

26 Nov 2012 - 4:23am 3 comments

Investors find ideal spot to park their money

One lot can generate returns of about 5 per cent. Photo: David Wong

If you have been wondering where to park your money, well, try parking spaces.

Since the government imposed the additional stamp duties to dampen property prices, parking spaces have become the most popular property investment in town as they are not covered by the new duties.

9 Nov 2012 - 3:59am

Home of the week

It's not often you have to think big when it comes to Hong Kong apartments but this penthouse in Rose Gardens on Magazine Gap Road is almost as large as they come. Two adjacent apartments were converted into one to create a 5,260-square-foot dream, boasting an equally large private roof terrace overlooking the city and harbour.

11 Jul 2004 - 12:00am

Ellery Terrace units sold

An investor has paid HK$197 million for 27 flats and nine car-parking spaces at China Overseas Land & Investment's Ellery Terrace project in Ho Man Tin.

The 27 units, ranging from 1,169 square feet to 1,475 sq ft, were priced between HK$4,500 and HK$6,200 per square foot. There was a HK$900,000 price on each car-park space.

9 Oct 2001 - 12:00am

Deal volumes take 21pc leap

Registered property deals jumped 21.71 per cent to 12,071 last month from April, the highest monthly figure recorded so far this year.

Centaline Property Agency said the total value of the trades was $32.3 billion, up 14.93 per cent from April.

2 Jun 1999 - 12:00am

Putting profits before people

I refer to the article about car-parking spaces going up for sale in South Horizons (Business Post, April 3).

This is another sad example of the philosophy that when it comes to maximising profits the well-being of tenants and flat-owners is no concern at all for property developers.

7 Apr 1997 - 12:00am

Allegations unfounded

I REFER to Mr Lau Hok-keung's letter which appeared in the South China Morning Post, on January 6, expressing his dissatisfaction with the allocation of car-parking spaces in Sha Kok Estate.

20 Jan 1995 - 12:00am