{"id":123687,"date":"2021-12-08T10:00:34","date_gmt":"2021-12-08T03:00:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-car-parking-space-transactions-to-hit-record-high-this-year-as-investors-return-after-stamp-duty-rollback\/"},"modified":"2021-12-08T11:03:18","modified_gmt":"2021-12-08T04:03:18","slug":"hong-kong-car-parking-space-transactions-to-hit-record-high-this-year-as-investors-return-after-stamp-duty-rollback","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-car-parking-space-transactions-to-hit-record-high-this-year-as-investors-return-after-stamp-duty-rollback\/","title":{"rendered":"Hong Kong car parking space transactions to hit record high this year as investors return after stamp duty rollback"},"content":{"rendered":"


\nA limited supply of car parking spaces in Hong Kong, coupled with the removal of double stamp duty, has whetted investors\u2019 appetite for this corner of the property segment, which is likely to push turnover to an all-time high this year.A total of 9,600 parking spaces in the city are expected to change hands in 2021 with the value topping HK$18.5 billion (US$2.37 billion), erasing the previous record of HK$16.6 billion in 2018, according to a research note by Centaline Property Agency.The number\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong car parking space transactions to hit record high this year as investors return after stamp duty rollback<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A limited supply of car parking spaces in Hong Kong, coupled with the removal of...<\/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-123687","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-waX","jetpack-related-posts":[{"id":119584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-parking-space-transactions-rise-as-investors-capitalise-on-removal-of-double-stamp-duty\/","url_meta":{"origin":123687,"position":0},"title":"Hong Kong parking space transactions rise as investors capitalise on removal of double stamp duty","date":"December 22, 2020","format":false,"excerpt":"\r The sales of parking spaces in Hong Kong jumped about 37 per cent in the first 18 days of this month, as investors encouraged by the removal of the double stamp duty on non-residential property returned to the sector.About 410 parking spaces have changed hands in this period, rising\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-in-hong-kong-eye-the-commercial-market-to-avoid-increased-stamp-duty-on-homes\/","url_meta":{"origin":123687,"position":1},"title":"Investors in Hong Kong eye the commercial market to avoid increased stamp duty on homes","date":"November 8, 2016","format":false,"excerpt":"\r Investors in Hong Kong are accelerating the pace of their commercial property disposals, which have been unaffected by the recent adjustment in stamp duty to 15 per cent on deals for non first-time home buyers, as buying demand will shift away from the housing market. In less than a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-parking-space-at-the-center-in-hong-kong-changes-owners-for-a-record-hk7-6-million-triple-the-citys-median-home-price\/","url_meta":{"origin":123687,"position":2},"title":"Car parking space at The Center in Hong Kong changes owners for a record HK$7.6 million, triple the city\u2019s median home price","date":"October 23, 2019","format":false,"excerpt":"\r A parking bay at The Center, the 73-storey Hong Kong office tower that held the 2018 world record as the costliest commercial building ever sold, changed hands recently for HK$7.6 million (US$969,000), making it possibly the most expensive spot on earth to park a vehicle.Johnny Cheung Shun-yee, one of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-stamp-duties-hit-hk3b-in-june-highest-in-7-months\/","url_meta":{"origin":123687,"position":3},"title":"Hong Kong stamp duties hit HK$3b in June, highest in 7 months","date":"July 11, 2017","format":false,"excerpt":"\r Investments at home and from abroad for Hong Kong homes have showed no sign of slowing as the government\u2019s revenue from extra stamp duty \u2013 aimed to cool the property market \u2013 rose to a seven-month high of HK$3 billion (US$384 million) in June, according to official data. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121664,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commercial-real-estate-deals-soar-in-hong-kong-as-easy-loans-prompt-buyers-to-snap-up-offices-shops-and-even-car-parking-bays\/","url_meta":{"origin":123687,"position":4},"title":"Commercial real estate deals soar in Hong Kong as easy loans prompt buyers to snap up offices, shops and even car parking bays","date":"August 26, 2021","format":false,"excerpt":"\r Non-residential real estate investments into Hong Kong have soared this year, as mainland Chinese and foreign investors snapped up industrial buildings, shops, serviced apartments and car parking bays in the city.Purchases by foreigners and Chinese investors soared to a two-year high of HK$17.3 billion (US$2.2 billion) in the eight\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-are-walking-away-from-hong-kong-property-contracts-as-stamp-duty-bites\/","url_meta":{"origin":123687,"position":5},"title":"Buyers are walking away from Hong Kong property contracts as stamp duty bites","date":"November 14, 2016","format":false,"excerpt":"\r A growing number of Hong Kong\u2019s property buyers have defaulted on their agreements and forfeited their deposits, as a November 5 increase in stamp duty shows effects. Four transactions involving seven apartments valued at a combined HK$55.4 million had been cancelled, according to the government\u2019s website. \u201cMore contracts will\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\/123687"}],"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=123687"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}