Car parking spaces in Hong Kong are back in favour with investors. Photo: Shutterstock
Car parking spaces in Hong Kong are back in favour with investors. Photo: Shutterstock

Hong Kong’s punters plunge into car parking bays, sending transactions to records amid rollback of stamp duty

  • Deals for 9,600 parking spaces are expected in 2021 with the value topping HK$18.5 billion (US$2.37 billion), pushing it past the previous record of US$2.1 billion in 2018
  • 8,788 transactions worth HK$17 billion were recorded in the first 11 months of the year

Topic |   Hong Kong property
Car parking spaces in Hong Kong are back in favour with investors. Photo: Shutterstock
Car parking spaces in Hong Kong are back in favour with investors. Photo: Shutterstock
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