What is the demand for carpark rental in Tung Chung?

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  1. #1

    Join Date
    May 2008
    Location
    Tung Chung
    Posts
    89

    What is the demand for carpark rental in Tung Chung?

    Hi I would like to get a sense for the demand to rent a car parking spot in Tung Chung, specifically at Seaview Crescent estate.

    Is there a strong demand for renting parking spots or not? Do a lot of people own cars in Tung Chung?

    I'd like to buy a car park and rent it out for investment purposes.

    I calculated the ROI (return on investment) net yield for carpark is quite good, provided I find a tenant to rent the carpark.

    So that is why I'd like to get a sense of the demand. If demand is low, and lot of availability (supply) of car parking, I would be hesitant to invest and not find a tenant, but if demand is high, I will go for it.

    Thanks,
    Bobby


  2. #2

    Join Date
    Aug 2005
    Location
    Clear Water Bay (In Da Jungle)
    Posts
    9,968

    best thing to do is go to the private car parks and ask the management/car park shroff office that you want to hire a car park space and find out how many is there, if there are lots then why bother vice verse.