There has been an imbalance between supply and demand for private car parking spaces in Hong Kong. In some areas where parking spaces are tight, it can be said that it is difficult to find parking spaces. In addition, compared with buying properties, parking spaces have much lower entry barriers. This has attracted many people to invest in parking spaces to collect rents. Want to find a promising parking space? This episode teaches you 4 tips! Understand the competition of parking spaces in the area The greater the competition for parking spaces in the area, the higher the price and rental return of the parking spaces. Therefore, the first step is to find out whether there are other parking spaces near the target parking space and check the ratio of units to parking spaces in the housing estate. , It is best if there are many residents and few parking spaces, so that the appreciation potential will be great. It is recommended that you go to the parking lot to inspect the usage at night. Analyze the types of households. If the housing estates are mainly open-plan and one-bedroom units, most of the households are singles or young couples, and the demand for parking spaces may be lower, but on the contrary, large-scale housing estates with more family households in the upper and middle prices are generally There are more drivers, and there is a great demand for parking spaces. It is very important to pay attention to whether the parking spaces are allowed to be purchased or leased by non-housing estate residents! If parking spaces can only be bought or rented to residents in the same housing estate, the demand is just “ponds and rolls of fish”, which will greatly affect the subsequent rate of return and profitability. If investors want to enter the market, it is best to ask the management office of the property to check a copy of the deed of mutual covenant or pay a fee to the land registry to check the terms of the deed of mutual covenant. After investigating the target parking space and locking the target parking space, you must personally inspect it. Remember to think from the perspective of the user, not just look at the floor plan! Pay special attention to whether there are water pipes or even leaks above the parking space. The best parking space is one-sided, four-sided and no pillars, enough to park a seven-person car. The entrance of the parking lot should also be wide enough and have fewer corners to reduce the chance of “scratching” the body. If you do not have a license plate yourself, it is best to bring a friend with a license plate and choose a good one based on their driving experience. The highest mortgage rate for parking spaces is 50%. For those with limited funds, the entry fee for investment parking spaces is lower, which is indeed a good choice. However, compared to residential buildings, the price of parking spaces is more affected by the economy. During the economic downturn, many car owners will sell their vehicles to reduce their expenses, which will reduce the demand for parking spaces. Investors should weigh the risks in the midst of the crisis. 📌 If you have any questions about the property market or mortgage, please leave a message below, or contact our online customer service for inquiries: ▄▄▄▄▄▄▄⭐️ Featured videos⭐️ ▄▄▄▄▄▄▄▄ 📺[Newbie Teaching]Purchase expenses other than the first phase! 📺【Novice Teaching】Master the basic building inspection skills in 3 minutes📺【Novice Teaching】7 Reasons to Borrow a Mortgage 📺【Novice Teaching】Housing Mortgage Crash Course! Go to the official website of ” HongKongFloorPlans”: Subscribe to ” HongKongFloorPlans” YouTube channel: Like ” HongKongFloorPlans” Facebook page: Follow ” HongKongFloorPlans” Instagram account: follow public account ：Meilian_hk ( HongKongFloorPlans Hong Kong)