Share on facebook
Share on twitter
Share on linkedin
Share on skype
Share on telegram
Share on whatsapp

Macau Business Daily No brake on car park values in 2014

Average selling price in November of single space was MOP1.35 million

Car users will probably pay more this year to get private car parking spaces. The property market value of such spaces to investors is likely to rise 20 percent this year driven by limited supply, according to the property agents.

The likely price surge this year is not however as much as the territory experienced in the past 12 months.

“The price will go up between 10 percent and 20 percent from last year as the Macau’s economy remains in a positive tone,” Chan Lik Ki, general manager of CarparKing Co Ltd, told Business Daily.

“The Transport Bureau has also not laid out any major policy in curbing the number of motor vehicles,” said the manager of the firm specialising in such transactions. “There is not – for the foreseeable future – any large amount of car-parking supply,” he added.

Jennifer Un, district director of Ricacorp (Macau) Properties Ltd, forecast rises in car park space property values of “some 10 percent” due to “an imbalance of supply and demand”.

Transport Bureau director Wong Wan said on Tuesday in a Legislative Assembly session that the administration would first improve the public transportation and the parking environment before considering any curbs on private motor vehicle numbers in the city.

MB_車位皇

The bureau would also work on providing more car-parking space to solve the shortage, said Mr Wong. He did not go into specifics.

Meanwhile CarparKing’s Mr Chan said this year’s transaction price increases “will not be as rapid as last year”, when supply tightened after government cooling measures.

In October 2012 the administration extended its special stamp duty on homes to sales of commercial units and car parks.

Data from the Statistics and Census Service said the average selling price in November of a parking space was 1.35 million patacas (US$168,750), doubling from a year earlier and 3.1 percent higher than a month earlier.

Fewer sales

Transaction records from CarparKing indicate the average transaction value of car parks last year grew by 75 percent. Prices jumped nearly 90 percent in Taipa and in NAPE district.


   A single car park space cost 1.4 million patacas in a Taipa residential project by the end of last year versus 750,000 patacas in previous years, according to CarParking. The price in a commercial centre in NAPE is about 1.2 million patacas compared with 640,000 patacas earlier last year.


   CaparKing’s Mr Chan explained the price level in the two districts were “relatively lower” in the past than places such as Nam Van. Therefore those districts experienced proportionally bigger surges last year.

But the car park prices peaked in the densely populated Areia Preta district at between 1.6 million and 2 million patacas last year, according to Mr Chan and Ricacorp’s Ms Un.

While the price surged last year, the number of car-parking transactions dropped as the supply was tightened by the special stamp duty, which is 20 percent of the transaction price if sold on within a year, and 10 per cent if sold on within two years.

Ms Un estimated there was a decline in sales volume of some 10 percent last year from the 5,100 car parks transacted in 2012.

Official data show the car park deals in the first 11 months of last year totalled approximately 4,300.

Ricacorp predicted sales this year will stay flat. CarparKing expects there might be a “slight increase” as more car parks can be released to the market by November once they are no longer covered by the two-year lock-in period of special stamp duty.

There are no official data on the number of private and public car parks. There were more than 226,000 licensed motor vehicles in the city by November, 4.9 percent more than a year earlier.

Share on facebook
Share on twitter
Share on linkedin
Share on skype
Share on telegram
Share on whatsapp

Recent posts

粵港澳單牌車政策 詳情曝光

港車北上|粵港澳單牌車政策 詳情曝光(有片)

香港單牌車入廣東政策(港車北上)消息一直只由國內傳出,本月終由香港官員親口確認,令政策正式「放上枱面」,申請條件曝光。 運輸及房屋局局長陳帆表示,正與廣東省政府及內地相關當局敲定政策安排,將容許合資格的香港私家車經大橋進出廣東省,不設配額,並可網上申請。

Read More »

港車北上|澳門人買起珠海(有片)

根據目前澳門單牌車入橫琴的規定,投資者需在橫琴新區購置房地產(限住宅、寫字樓、商舖),每個單位可申請一個機動車入出橫琴資格。如相關政策推展至全廣東,將會帶動大灣區物業的投資機會,雖然細節仍在咨詢階段,目前知道的是香港單牌車及澳門單牌車將各自有實施的時間表。 在投資時機上,不論那一方的投資者,主要考慮的應是澳門單牌車入珠海或廣東的時間。

Read More »
香港單牌車入廣東

粵港澳單牌車政策|香港單牌車入廣東(有片)

近日單牌車入內地又有新消息流出,據傳媒報導,從廣東省政府對港區全國人大代表相關建議的答覆函獲悉,經粵港相關部門溝通協商,就全面放開港澳機動車經大橋珠海口岸入出內地政策也達成初步共識。 香港單牌車入出內地擬率先在橫琴實施,之後將逐步有序地擴至珠海、廣東等地。

Read More »
港澳齊通縮 樓市會唔會縮

港澳齊通縮 樓市會唔會縮?(有片)

近期港澳兩地因應目前經濟不景,先後出現物價通縮的報導,如這種情況常態化,會對兩地的樓市有何影響?樓市會否萎縮? 由2019年12月疫情開始至今差不多已一年,港澳由本年初開始各自對外封關,兩地疫情發展迥異,香港疫情久久不散,現正在經歷第三波爆發;相反,澳門疫情則早已受控,多月未有新增病例,至今未有死亡個案。

Read More »

Leave a Comment

Your email address will not be published. Required fields are marked *