The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam
The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam
Stephen Chung
Opinion

Opinion

Concrete Analysis by Stephen Chung

Price volatility high for Hong Kong parking spaces

Investment risk is greater than for residential properties as a whole, with new parking spaces slightly more volatile than second-hand

The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam
The average price for a Hong Kong Island parking space is HK$1.41 million. Photo: Nora Tam
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Stephen Chung

Stephen Chung

Stephen Chung is managing director of Zeppelin Real Estate Analysis and an honorary adjunct professor of the University of Hong Kong