Tenants leasing parking spaces in Hutchison Whampoa's South Horizons development in Ap Lei Chau may find themselves without a place to park their cars after June 30. Hutchison subsidiary Secan, the owner of all 1,900 underground parking spaces, is cancelling all leases and selling off the spaces, beginning this month. Current leaseholders have been informed that only owners of residential and commercial property in the development will be eligible to buy one of the spaces. The Hutchison subsidiary recently announced the first batch of 100 car parking spaces would be sold to South Horizons buyers holding a special 'option letter'. This letter entitled them to buy a parking space and was part of a promotion during the sale of the fourth phase of the development, sales assistant Karen Lam said. 'If you have this letter you are entitled to buy one of the parking spaces,' she said. According to Secan officials, only a few of these 'option letters' were given to people buying a flat in first, second or third phases of the South Horizons. Ms Lam said anyone with such a letter had first choice of one of the parking spots for a 'discount' of $700,000. Flat owners needing a larger parking space for limousines could expect to pay about $1 million, she said. A second batch of spaces will be put up for sale on June 30 for residential and commercial property owners in the development already leasing parking spaces. A third category of commercial and residential property owners who are not leasing would be eligible to buy any remaining spaces, a circular sent to all of the residents said. Ms Lam said she did not know how much these parking spaces would sell for. She said Secan had received complaints from lease holders and owners who could not afford to buy their parking space. One resident said many flat-owners would have no choice but to buy their parking space because it was more convenient than parking around nearby factories, despite some providing a shuttle bus service to South Horizons. Secan said it had been leasing the car parking spaces for about $2,900 to $3,000 per month.