Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. Photo: Nora Tam Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. Photo: Nora Tam
Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. Photo: Nora Tam
Stephen Chung
Opinion

Opinion

Concrete Analysis by Stephen Chung

Hong Kong car parking spaces now go for HK$1m

While dollar volumes for the industrial and commercial parking space market are smaller, its growth has outpaced that of residential parking

Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. Photo: Nora Tam Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. Photo: Nora Tam
Transactions for Hong Kong parking spaces totalled about HK$8.8 billion last year. 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