Experts Advice - Why car park investment turns so attractive？

 

Most car park investments are made in individual parking space for private car. Read More...

 

 

Based on Transport Department figures, there are 414,996 licensed private vehicles as of Dec. 2010, but there were 502,800 private car parking space supply back in 2006, obviously an over supply.

 

 

Supply is forecasted to go up to 512,800 in 2011, and 538,400 in 2016. So this is why individual private car parking space is never a property

 

investment appreciating at a fast pace as residential investment.

 

 

Situation changes rapidly when government announced in Nov 2010 to impose punishing Special Stamp Duty for residential property sold within

 

2 years after purchase, all these spare cash are flooding into car park investment to chase after high yield traditionally in this market.

 

However, with only about 353,120 license private car in 2006, an average 4.3% increase per year up to 2010, we can still see an over supply in

 

near future. But it is like investing in other types of property, a good location is always a good indicator of a good investment.

 

(Please note this article is for reference only and not meant for investment advice)

 

 

For reference only. It is not investment advice.