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!

@tortue, @yardley_luk and I have been talking about a meetup for quite awhile.

I asked both of them today about meeting up tomorrow and “surprisingly” both of them are available tomorrow. @Tortue tweeted about it and we got more and more feedback asking for the time and location. So I thought it would be a good idea to make a blog post about it to give you more information on this small event.