Views: 9050|Replies: 61

Wanna parking space in Beijing   [Copy link] 中文

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2014-5-26 00:59:46 |Display all floors
Parking in some areas of Beijing now costs almost £100,000                                          Provided by Quartz                 
The high price of parking in Beijing.            
                          6 hours ago                                    By                  Gwynn Guilford                   of Quartz                           









         Owning a car in Beijing is a pricey enterprise. But the car itself might be the cheapest part of the investment.
Underground parking spots in luxury central Beijing apartment buildings now sell for up to 1 million yuan (£95,000), according to Beijing News. Even in suburbs some 30 miles from the city’s center, to buy a parking space runs between 150,000 and 200,000 yuan - more than it costs to buy a small car.
What’s behind the high prices? For one thing, the frenzy of new car ownership means demand for a place to park far outstrips supply. The city now has 7.5 million drivers - a car for every two or three residents, depending on how you count Beijing’s population.
Zoning plans haven’t kept up with Beijing’s embrace of car culture; many slightly older developments were designed without allotting ample parking spaces. Spaces where street parking is permitted are rare. And even if they weren’t, Beijing has among the lowest ratio of roads per overall land area of any major metropolis in the world.
In theory, the official response to the city’s toxic-soup air quality should limit growth of parking demand somewhat. The government now vows to take a million cars off the street. But those will be older cars that fail emissions test and whose owners live in the most distant suburbs, not the luxury SUVs competing for space to park. The city government is also subsidising electric-vehicle purchases and exempting them from the licence-plate lottery instituted in 2011 in an effort to lower the rate at which additional cars enter Beijing’s roads (only those with plates are allowed to buy cars.) That’s great for Beijing lungs, bad for underground parking demand.
The government also just lowered the number of new licence plates issued in the lottery. Fear of these restrictions, however, has prompted a surge of buying; retirees are now filling up Beijing’s driving schools so that they can enter the lottery, upping their family’s chances of winning a coveted plate.
That buying frenzy is happening with parking spaces as well. As rental spaces have grown scarcer, panicked car-owners are opting to buy before prices spiral out of reach - sending prices higher still.
But there might be something else at play: greedy property developers exploiting their residents’ ignorance.
According to the Worker’s Daily, China’s property law says that only when a developer pays for the extra underground area as part of its purchase of a given land parcel does it own the apartment building’s parking spaces. Otherwise, the garage is considered communal space owned by the tenants, the way they collectively own the hallway or elevator by dint of paying property management fees. (Curiously, the third type of garage ownership is that owned by the People’s Liberation Army Air Force, which leases land earmarked for underground bunkers to property developers.)
Though most residents don’t know this, that’s not the only problem, says the Worker’s Daily. Not only do most communities’ residents associations exist in name only, but they lack the legal channels to pursue their claims. That’s why many residents end up paying the equivalent of tens of thousands of pounds to property developers for a parking space that they legally own.

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2014-5-26 01:24:14 |Display all floors
This post was edited by 1584austin at 2014-5-26 01:29

UK's most expensive parking space sold for £400,000.
A parking space in London has sold for £400,000, 2.5 times the cost of an   average UK home, making it the most expensive of its kind in Britain                            The underground space, which can fit two cars, is near London’s Royal Albert Hall Photo: HobartSlater/BNPS








                                                        By Padraic Flanagan


6:20AM GMT 13 Feb 2014



Britain's most expensive parking spot has gone on sale for £400,000 – nearly   2.5 times the cost of an average UK home.  

The underground space, which can fit two cars, is near London’s Royal Albert   Hall in Kensington and costs 15 times the average UK salary of £26,500.  

For the same amount of money, a motorist could afford to park their car 880   yards away at the nearest NCP car park for 31 years - at a cost of £35.10 a   day.  

Just 10 months ago, a similar space in the same car park went on sale - for a   slightly more reasonable £275,000.  

But the price tag for a space in the exclusive underground lot has increased   by 31 per cent - or £125,000 – in that time.  



For the same amount of money a motorist could afford to park their car   880 yards away at the nearest NCP car park for 31 years (HobartSlater/BNPS)
Despite the eye-watering price, local residents are unlikely to baulk at the   cost of the double space as the average property in the SW7 post code sells   for £2.3million.  
And according to the latest Land Registry figures, the parking space is still    £3,792 cheaper than the average property price in London.  
The freehold is described as a “large secure underground parking space ideally   situated for an Albert Court or Albert Hall Mansions resident”.  
Cars parked in the lit underground car park are also protected by double doors   which can be padlocked by the owner.  
The space is being sold through upmarket estate agents Hobart Slater and is   across the road from Hyde Park and Kensington Gardens.  
The agent is used to dealing with high-value properties – one listing   currently on their books is a nearby four-bedroom apartment that is on the   market for £9,850,000  
Similar garage spaces in Knightsbridge are also being sold through their   website but are listed at an almost reasonable £150,000.  
A spokesman for Hobart Slater told a reporter: “We've already had plenty of   interest in the space.”
Another sough-after parking spot can be found just down the road, where an   11ft by 12ft space in Hyde Park Gardens is on the market with estate agents   Kay & Co for £300,000. They report that several people have already   expressed an interest.




Use magic tools Report

Rank: 8Rank: 8

Post time 2014-5-26 06:52:15 |Display all floors
are also protected by double doors


Soooo, for that amount of money you need to get out of your car to open up the doors and park???
WTF - do they not have electric garage doors with remote controls in the UK???
I'm just here for the money

Use magic tools Report

Rank: 6Rank: 6

Post time 2014-5-26 08:05:06 |Display all floors
Maybe bike is the best choice in Beijing someplace......

Use magic tools Report

Rank: 8Rank: 8

Post time 2014-5-26 14:40:25 |Display all floors
Mr. Austin Pig

Does that mean, PARKING CHARGES will be quite steep too?
It making CAR PARKS an good investments!
Automatic MASS TRANSIT needing city!.....ha ha ha

Rmb20 per hour packing charge
Rmb100 per overnite charge

aIeeEEEEEEEE, TAKAeeeee! itchhhhhh!

domo arigato
Inglisher pig san

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2014-5-26 14:48:43 |Display all floors
greendragon Post time: 2014-5-26 14:40
Mr. Austin Pig

Does that mean, PARKING CHARGES will be quite steep too?

Car Park
Spaces
SATURDAY ONLY 8am - 8pm
After 8pm*
0 to 1 hour
1 to 2 hours
2 to 3 hours
3 to 4 hours
4 to 6 hours
6 to 8 hours
8 + hours
Abbey Place
80£3.10£5.20£8.00£10.00£15.00£22.50£28.60£3.00
Oxpens
56£3.10£5.20£8.00£10.00£15.00£22.50£28.60£3.00
Westgate
1111£3.10£4.10£6.10£8.00£15.00£22.00£28.60£3.00
Worcester Street
182£4.00£6.70£9.50£11.30£17.30£26.30£31.50£4.00
Gloucester Green
100£4.00£6.70£9.50£11.30£17.30£26.30£31.50£4.00

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2014-5-26 14:49:45 |Display all floors
This post was edited by 1584austin at 2014-5-26 14:51
greendragon Post time: 2014-5-26 14:40
Mr. Austin Pig

Does that mean, PARKING CHARGES will be quite steep too?

Over 8 hrs

For the same amount of money, a motorist could afford to park their car 880   yards away at the nearest NCP car park for 31 years - at a cost of £35.10 a   day.  

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.