{"id":121223,"date":"2021-08-03T11:00:13","date_gmt":"2021-08-03T04:00:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-record-setting-prices-of-car-parking-spaces-on-the-peak-drive-other-owners-to-mark-up-their-assets\/"},"modified":"2021-08-03T12:03:12","modified_gmt":"2021-08-03T05:03:12","slug":"will-record-setting-prices-of-car-parking-spaces-on-the-peak-drive-other-owners-to-mark-up-their-assets","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-record-setting-prices-of-car-parking-spaces-on-the-peak-drive-other-owners-to-mark-up-their-assets\/","title":{"rendered":"Will record-setting prices of car parking spaces on The Peak drive other owners to mark up their assets?"},"content":{"rendered":"


\nMy daughter in Vancouver, Canada recently sent me a message about a parking space at Mount Nicholson, a luxury residential development on The Peak, when it made local headlines. The spot sold for HK$10 million (US$1.3 million), a pricier sum than a starter flat in Hong Kong.According to more than 40 parking spaces sold by the same developer, the prices reflected some of the highest ever recorded to date. How could a mere 2.5 by 5 meters parking space command such lofty price levels? The answer\u2026
\n
\nSource : South China Morning Post
\nRead more…Will record-setting prices of car parking spaces on The Peak drive other owners to mark up their assets?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My daughter in Vancouver, Canada recently sent me a message about a parking space at...<\/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-121223","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-vxd","jetpack-related-posts":[{"id":32405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/someone-just-spent-usd620k-on-a-luxury-car-parking-space\/","url_meta":{"origin":121223,"position":0},"title":"Someone just spent USD620k on a luxury car parking space","date":"October 31, 2016","format":false,"excerpt":"\r Setting a new record On top of the price of the car itself, thats a lot of money. Image credit: Max Plocek\/Shutterstock A car parking space in Hong Kong was sold for a record HKD4.8 million (USD619,000) last week, setting a record for the most expensive of its kind\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10398,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-car-parking-spaces-likely-to-be-more-resilient-in-market-downturn-than-residential-property\/","url_meta":{"origin":121223,"position":1},"title":"Prices of car parking spaces likely to be more resilient in market downturn than residential property","date":"April 11, 2016","format":false,"excerpt":"\r The prices of residential car parking spaces move in tandem with changing residential flat prices, but a shortage of car parking spaces provides a safety net against a price slump in the near future.\r \r Source : South China Morning Post\r Read more...Prices of car parking spaces likely to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75780,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nano-public-housing-units-being-sold-at-record-high-prices\/","url_meta":{"origin":121223,"position":2},"title":"\u2018Nano\u2019 public housing units being sold at record high prices","date":"January 4, 2018","format":false,"excerpt":"\r Tiny public housing units in Hong Kong, commonly being called \u201cnano flats\u201d, some smaller than car a parking space, are selling like hot cakes and at record high prices, as the city continues to struggle to create enough affordable housing. And agents warn prices are set to rise even\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-selling-car-parking-spaces-in-taikoo-shing-for-hk3-million-each-as-it-disposes-off-noncore-assets\/","url_meta":{"origin":121223,"position":3},"title":"Swire Properties selling car parking spaces in Taikoo Shing for HK$3 million each as it disposes off noncore assets","date":"October 15, 2020","format":false,"excerpt":"\r Swire Properties, the developer of Taikoo Shing, is selling car and motorcycle parking spaces for the first time at the 43-year-old housing project in Quarry Bay, as part of its \u201cstrategy to dispose of certain noncore assets\u201d.A total of 227 car parking spaces and 62 motorcycle parking spaces in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118070,"url":"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\/","url_meta":{"origin":121223,"position":4},"title":"Hong Kong\u2019s plan to add more car parks won\u2019t resolve shortage, exorbitant prices of spaces in near term analysts warn","date":"August 4, 2020","format":false,"excerpt":"\r 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 \u201cgovernment, institution or community\u201d use\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":121223,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121223"}],"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=121223"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}