Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock
Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock

Hong Kong’s plan to add more car parks won’t resolve shortage, exorbitant prices of spaces in near term analysts warn

  • Property agents are sceptical about proposals to increase provision of parking spaces
  • City is famous for the eye-watering price tags on residential parking bays, with one selling for a world-record US$969,000 last year

Topic |   Hong Kong property
Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock
Hong Kong’s parking bays are famous for changing hands at mind-boggling prices. Photo: Shutterstock
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