Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP
Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP

Craze for car parking spaces stalls as sentiment takes a hit amid weakening economy, coronavirus pandemic

  • Transactions of car parking spaces in April fell 67 per cent year on year to 225, while turnover declined by 84.2 per cent to US$46.17 million, data shows
  • Prices of car parking spaces could drop by a further 10 per cent and volume by another 20 per cent in the next two months, says co-founder of Carparkhk.com

Topic |   Hong Kong property
Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP
Investment demand for car parking spaces in Hong Kong has ebbed a lot. Photo: SCMP
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