{"id":118070,"date":"2020-08-04T07:30:09","date_gmt":"2020-08-04T00:30:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-plan-to-add-more-car-parks-wont-resolve-shortage-exorbitant-prices-of-spaces-in-near-term-analysts-warn\/"},"modified":"2020-08-04T08:05:17","modified_gmt":"2020-08-04T01:05:17","slug":"hong-kongs-plan-to-add-more-car-parks-wont-resolve-shortage-exorbitant-prices-of-spaces-in-near-term-analysts-warn","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-plan-to-add-more-car-parks-wont-resolve-shortage-exorbitant-prices-of-spaces-in-near-term-analysts-warn\/","title":{"rendered":"Hong Kong\u2019s plan to add more car parks won\u2019t resolve shortage, exorbitant prices of spaces in near term analysts warn"},"content":{"rendered":"


\nA 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 \u201cgovernment, institution or community\u201d 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\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s plan to add more car parks won\u2019t resolve shortage, exorbitant prices of spaces in near term analysts warn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A government plan to increase the supply of car parking space in Hong Kong would...<\/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-118070","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-uIm","jetpack-related-posts":[{"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":118070,"position":0},"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":58452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/safe-as-car-parks-hong-kong-parking-spaces-outperform-home-prices-over-12-year-period-2\/","url_meta":{"origin":118070,"position":1},"title":"Safe as car parks? Hong Kong parking spaces outperform home prices over 12 year period","date":"June 20, 2017","format":false,"excerpt":"\r Prices for Hong Kong car parks have outperformed the housing market over the last dozen years, the SCMP reports.\r \r Source : cnbc.com\r Read more...Safe as car parks? Hong Kong parking spaces outperform home prices over 12 year period","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58428,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/safe-as-car-parks-hong-kong-parking-spaces-outperform-home-prices-over-12-year-period\/","url_meta":{"origin":118070,"position":2},"title":"Safe as car parks? Hong Kong parking spaces outperform home prices over 12 year period","date":"June 20, 2017","format":false,"excerpt":"\r Prices for Hong Kong car parks have outperformed the housing market over the last dozen years, amid shrinking supply and a buoyant market ready to bid up real estate themes in the era of ultra low interest rates. \u201cStrong demand and rising investment interest will continue to boost prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-to-see-your-money-grow-buy-a-car-parking-space-in-hong-kong-instead-of-a-flat\/","url_meta":{"origin":118070,"position":3},"title":"Want to see your money grow? Buy a car parking space in Hong Kong instead of a flat","date":"November 19, 2017","format":false,"excerpt":"\r If house values in Hong Kong have been rising for the past 18 consecutive months, then a bigger surprise would be the price of parking spaces, which have grown much faster than homes in some areas. It all comes down to supply and demand. Similar to the shortage of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55241,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parking-is-prime-in-hong-kong-property-market\/","url_meta":{"origin":118070,"position":4},"title":"Parking is prime in Hong Kong property market","date":"May 18, 2017","format":false,"excerpt":"\r The most expensive plot of land ever sold in Hong Kong is a public car park squeezed between Cheung Kong Center and Hutchison House, two major flagship buildings owned by the city's richest man Li Ka-shing.The HK$23.3 billion (Dh10.99bn) site at Murray Road, in the heart of Hong Kong's\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106157,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-pre-owned-housing-market-rips-higher-as-analysts-warn-of-pause-ahead\/","url_meta":{"origin":118070,"position":5},"title":"Hong Kong\u2019s pre-owned housing market rips higher, as analysts warn of pause ahead","date":"April 17, 2019","format":false,"excerpt":"\r The recent uptick in the secondary market where buyers kept snapping up homes costing less than HK$6 million (US$765,267) in major estates is expected to take a breather in coming weeks as prices near their previous peaks, analysts said.\u201cThe recent rise in home prices has been quite fast, accumulating\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\/118070"}],"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=118070"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118070\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}