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Almost Thousand of Parking Lots Ready For Sale, Laguna City Parking Space Sold at HK$2m

Hong Kong Property | November 18, 2016

Almost Thousand of Parking Lots Ready For Sale
After the double stamp duty cooling measures, buyers have turned their sights on parking space market. Following Cheung Kong Properties, a few developers are ready to sell their parking lots separately, including Nan Fung’s The Visionary in Tung Chung, Wheelock’s Savannah in Tseung Kwan O, Homantin Hillside by Wing Tai and Nan Fung, and New World’s Park Signature in Yuen Long, involving 954 parking lots.

Laguna City Parking Space Sold at HK$2m
Second-hand parking spaces are also getting viral regarding the new stamp duty policy. Laguna City in Lam Tin recorded a transaction of one double-numbered parking lot in HK$2 million, making it the most expensive parking space in the estate. Agent said since the government imposed the 15% double stamp duty, only two flat transactions have been recorded while more than 10 transactions of parking space have been made in the estate.

93 Pau Chung Street Prices 6-8% Up For 22 New Units
93 Pau Chung Street in Ma Tau Kok released 22 one-room flats for sale yesterday, with an average price of HK$16,883 per square foot. The units price from HK$6.415 million to HK$7.579 million. The developer Lai Sun said the prices of this batch of units have been increased for 6% to 8%, while the highest discount remains unchanged at 12.75%.

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