Property News · August 4, 2020

Hong Kong’s plan to add more car parks won’t resolve shortage, exorbitant prices of spaces in near term analysts warn


A government plan to increase the supply of car parking space in Hong Kong would do little to resolve the chronic shortage that supports their eye-watering prices in the near term, analysts said.The new proposals include building new car parks on land designated for “government, institution or community” use or open space, and carrying out a review of parking provisions laid out in guidelines with a view to adding more spaces, according to a statement by the Transport Advisory Committee on…

Source : South China Morning Post
Read more…Hong Kong’s plan to add more car parks won’t resolve shortage, exorbitant prices of spaces in near term analysts warn

You may also like...