Demand for parking spaces is ebbing amid a souring property market, rising interest rates and the US-China trade war. Photo: K. Y. Cheng

Hong Kong’s record-breaking parking space market set to lose steam, say analysts

  • As the economy starts to stutter some Hongkongers will sell their cars to save money, denting demand for parking bays, says one expert
  • The number of parking spots changing hands fell from a peak of 1,348 in June to just 377 in November, the lowest for almost three years
Topic |   Hong Kong property

TOP PICKS

Demand for parking spaces is ebbing amid a souring property market, rising interest rates and the US-China trade war. Photo: K. Y. Cheng
READ FULL ARTICLE