The main reason is that the weak economy, the owner of the property is weak, so the supply of property is cut off, so that the property held by the bank owners to take over, so the number of bank owners in the market increased.
When the property market is booming, there is a footprint of investors in all types of properties, including the car parking market.
As parking spaces involve relatively small amounts of money and lower entry fees, many experienced investors enter the market to buy parking spaces.
Recently, 120 silver-owner parking spaces were put up for sale in Tai Wai, Shatin and Pik Ha Garden, Fo Tan, which is one of the larger number of silver-owner parking spaces put up for sale in recent years.
The batch of parking spaces, 97 for the private parking spaces in Ju Long House, there are that the bank owners are now asking $ 58.2 million for sale, the average price of each parking space 600,000, 25% lower than the market price of $ 800,000 each.
In addition, 23 private car parking spaces in Fo Tan Pik Ha Garden were also sold to the bank owner, the bank's asking price is $13.8 million, the average price of each car parking space is also $600,000.
It is reported that the housing estate in recent years, the cost of parking spaces hovering around 500,000 yuan to more than 600,000 yuan.
Sources said that the above parking spaces by veteran investor Lo Chu Hung in 2019 from the developer to buy parking spaces, has been used for investment purposes.