Property News · June 13, 2018

Could Hong Kong’s car parks be phased out to make room for housing land? This developer thinks so


Some of Hong Kong’s car parks could eventually become redundant as people swap their vehicles for public transport, freeing up much needed land for residential use, according to one of the city’s major developers.
Donald Choi, chief executive of Chinachem Group, believes advances in transport technology and improvements to existing transit systems mean private-car ownership will start to fall in the long term.
“Hong Kong is a compact city. Public transport is also done very…

Source : South China Morning Post
Read more…Could Hong Kong’s car parks be phased out to make room for housing land? This developer thinks so

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