Hong Kong’s plan to add more car parks won’t resolve shortage, exorbitant prices of spaces in near term analysts warn

A government plan to increase the supply of car parking space in Hong Kong would do little to resolve the chronic shortage that supports their eye-watering prices in the near term, analysts said.The new proposals include building new car parks on land designated for “government, institution or community” use or open space, and carrying out a review of parking provisions laid out in guidelines with a view to adding more spaces, according to the Transport Advisory Committee.The government is…

from South China Morning Post https://www.scmp.com/business/article/3095861/governments-plan-add-more-car-parks-wont-resolve-shortage-exorbitant