Hong Kong has the most expensive parking spaces in Asia
Many people do not own a car in Hong Kong for many reasons. Firstly, Hong Kong has convenient public transportation, there’s no practical need for owning a car just to travel to places in Hong Kong. Secondly, unlike buying a house, or a good watch, the value of a car keeps dropping every mile you travel. And at last, in a very recent research, Hong Kong parking rate tops Asia Pacific and Ranks 4th Worldwide!
Now, take a look at these graphs, you can actually rent a decent apartment in some places in North American with the rents below.
Global Top 5 Most Expensive Parking Districts
(In terms of Monthly Rate, US$)
Asia Pacific Top Five Most Expensive Parking Districts
(In terms of monthly median rate, US$)
Source: Colliers International, Global CBD Parking Rate Survey 2009
Special Thanks to Thomas Crampton for sending me the survey!
