Property News · September 30, 2020

Hong Kong tycoon King Cho accumulates car parking spaces in Greater Bay Area betting on growth potential


Car park investors are looking north, betting on strong revival in economic growth and increasing car ownership in the Greater Bay Area to push up prices.Among them is Hong Kong investor King Cho, who plans to spend up to 700 million yuan (US$102.7 million) by the end of this year to add 7,000 car parking spaces especially in Guangzhou, Foshan and Zhuhai to his portfolio.The founder of Guangzhou-based Vision Property said he is waiting for border restrictions to be lifted before he puts his…

Source : South China Morning Post
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