{"id":116097,"date":"2020-05-06T08:30:15","date_gmt":"2020-05-06T01:30:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/craze-for-car-parking-spaces-stalls-as-sentiment-takes-a-hit-amid-weakening-economy-coronavirus-pandemic\/"},"modified":"2020-05-06T09:05:08","modified_gmt":"2020-05-06T02:05:08","slug":"craze-for-car-parking-spaces-stalls-as-sentiment-takes-a-hit-amid-weakening-economy-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/craze-for-car-parking-spaces-stalls-as-sentiment-takes-a-hit-amid-weakening-economy-coronavirus-pandemic\/","title":{"rendered":"Craze for car parking spaces stalls as sentiment takes a hit amid weakening economy, coronavirus pandemic"},"content":{"rendered":"


\nThe worst for Hong Kong\u2019s car parking space market is yet to come as investment demand for the asset class has largely evaporated and sentiment remains uncertain after the city\u2019s economy fell by the most on record.The total number of parking spaces that changed hands in April fell 67 per cent from a year earlier to a seven-month low of 225, with turnover recording a much larger year-on-year decline of 84.2 per cent to HK$358 million (US$46.17 million), according to Land Registry data compiled\u2026
\n
\nSource : South China Morning Post
\nRead more…Craze for car parking spaces stalls as sentiment takes a hit amid weakening economy, coronavirus pandemic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The worst for Hong Kong\u2019s car parking space market is yet to come as investment...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116097","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ucx","jetpack-related-posts":[{"id":118453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-transactions-sink-to-lowest-level-since-april-as-third-wave-of-coronavirus-weighs-on-sentiment\/","url_meta":{"origin":116097,"position":0},"title":"Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment","date":"September 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s property market took a hit from the third wave of coronavirus outbreak, with transactions falling to a four-month low in August.It was a particularly disastrous month for sellers, with one individual incurring a massive loss of HK$38 million (US$4.9 million) on the sale of a house in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-sales-dip-as-december-slowdown-looms-amid-tragedy-holiday-lull\/","url_meta":{"origin":116097,"position":1},"title":"Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull","date":"December 2, 2025","format":false,"excerpt":"\r Hong Kong\u2019s property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of a deeper pullback this month as the Christmas holidays along with deferred launches of new homes following the deadly fire in Tai Po weigh on sentiment. Sales of new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-deals-jump-to-24-year-high-in-first-half-buoyed-by-upbeat-economic-sentiment\/","url_meta":{"origin":116097,"position":2},"title":"Hong Kong\u2019s real estate deals jump to 24-year high in first half buoyed by upbeat economic sentiment","date":"July 2, 2021","format":false,"excerpt":"\r Hong Kong\u2019s real estate market is gathering steam. Total transactions in Hong Kong\u2019s property sector surged to a 24-year high in the first half, led by a bounce in residential assets, as investors piled into the market amid the economic recovery.The overall volume, including homes, commercial and industrial properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-purchases-of-us-property-slump-amid-covid-19-pandemic-with-rising-political-tension-set-to-damp-sentiment-further\/","url_meta":{"origin":116097,"position":3},"title":"Chinese purchases of US property slump amid Covid-19 pandemic, with rising political tension set to damp sentiment further","date":"August 11, 2020","format":false,"excerpt":"\r Mainland Chinese buyers\u2019 acquisition of US property plunged by about two-thirds in the first half of the year because of disruption to investment activity caused by the coronavirus pandemic and escalating tension between China and the US, according to Knight Frank.The sales volume of US property valued at not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/price-of-parking-spaces-at-hong-kongs-lohas-park-soar-a-record-23-per-cent-as-wheelock-sells-last-87-bays-at-malibu-flats\/","url_meta":{"origin":116097,"position":4},"title":"Price of parking spaces at Hong Kong\u2019s Lohas Park soar a record 23 per cent as Wheelock sells last 87 bays at Malibu flats","date":"October 22, 2021","format":false,"excerpt":"\r The price of car parking spaces at the Lohas Park residential enclave in Hong Kong\u2019s Tseung Kwan O district has risen to a record high, as a chronic shortage in the area forced vehicle owners to bid up prices.Wheelock Properties, the developer of the Malibu apartments, released the final\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bicycle-parking-spaces-required-for-all-new-developments\/","url_meta":{"origin":116097,"position":5},"title":"Bicycle parking spaces required for all new developments","date":"May 9, 2018","format":false,"excerpt":"\r Car-lite facilities to be exempted from GFA computation. (Photo: URA) To promote cycling as a mode of transport and support Singapore\u2019s car-lite vision, the Land Transport Authority (LTA) has introduced a new bicycle parking provision standard for all new developments, revealed the Urban Redevelopment Authority (URA) in a circular\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116097"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116097"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}