26 Jul '11, 11pm

Singapore's CBD most expensive place to park in region: report

Singapore's CBD most expensive place to park in region: report

SINGAPORE: The Central Business District (CBD) in Singapore is the most expensive place in Southeast Asia to park a car, according to a report which looks at parking rates in global commercial areas. It costs a driver an average daily rate of US$24.59 (S$30.40) to park his car in Singapore's CBD - more than 20 times what his counterpart in Jakarta has to pay. Parking in the Indonesian capital's CBD costs an average of 92 US cents per day, the cheapest in Southeast Asia, according to the Colliers International Parking Rate Survey, which examined 156 CBDs in June. In a similar survey last year, the daily average rate for parking in Singapore's CBD was US$21.53. Still, Singapore is not within the top 50 daily parking rates for CBDs around the world. The survey has Oslo in Norway as the priciest parking place at US$89.04 per day, followed by Copenhagen in Denmark at US$73.11 a...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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