Turnover of millions of car spaces accounted for a 33% new low last year

Parking space price rose last year priced at 1000000 yuan or less pure parking transactions, only 33% of the total registration, a record low.

Lee Chi Shing, chief executive of Hong Kong home ownership business, said the market continued to be sought after by the market, with purely active parking. According to the latest information from the Land Registry, there were 9,890 pure car parking spaces registered last year, an increase of 11.4% as compared with 8,880 in 2016, the fourth highest record.

500,000 recorded 826 turnover fell 28%

As for the registration amount, last year recorded a total of $ 15,437 million, representing an increase of about 39.2% as compared with about $ 11,086 million in 2016 and stimulated last year’s average of each pure parking space registration amount to about $ 1,561,000, which was about an increase of about $ 1,248,000 in 2016 25.1%.

The number of pure parking spaces with a parking space price of 1 million yuan or less decreased. Last year, the number of registrations even fell below 4,000 and dropped to 3,282, down 24.7% from 4,356 in 2016. Its registration as a percentage of the total pure car space fell to about 33.2%, setting a record low and a 15.9 percentage point decrease from about 49.1% in 2016.

In terms of value, 6,608 pure parking spaces registered worth over 1 million yuan registered an increase of 46.1% over 4,524 cases in 2016. In contrast, 826 pure parking spaces valued at or below $ 500,000 were registered, up from 2016 Of the 1,141 cases plunged about 27.6%.

In terms of number of cases, 263 cases were registered as the largest pure car parking space in Long Cheng Wan, Tai Kok Tsui last year. 254 cases were registered in Sham Tseng King Garden, second place, while Mei Foo Sun Sing registered 251 cases and ranked third .