16 May '18, 1am

Unconventional properties – Parking spaces https://t.co/wWmDYDAIII

It might not be too early to mention a possible new real estate sector, even though it may not yet be a common occurrence. What are these strange but very-much-invested places? Parking spots. Parking Space. Picture: Ringer Investors now turning to parking spots as real estate investment In Hong Kong, where home prices are exorbitantly high and home sizes are incredulously small, parking spots have become the big next investment opportunity. Some could call it a fad, but perhaps not as more investors are putting money into these small spaces and as car ownership surge. And the pace and margin of growth of these lots are nothing small at all. One investor who bought 2 parking spaces in a dimly-lit carpark in a residential building in the outskirts of the city, have purportedly seen its value double in just 18 months. From HK$730,000 the value has grown to HK$1.6 million (S$2...

Full article: https://www.iproperty.com.sg/news/unconventional-properti...

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