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Posted: 21 Dec 2012 | 6:00 am
While Asia's prolonged real estate winning streak spirals upwards, one sure sign of maturity is the drift into specialty products.
According to a Reuters news report Hong Kong property players are buying up car parking spaces at a frenzied pace.
In some facilities spaces go for upwards of USD400,000 and rental yields are robust. Fears of a bubble are now being voice out within the industry.
Hong Kong's government recently took a series of measures to cool down its red-hot residential market and now anxious investors have developed an appetite for alternative places to park their money.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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