Thirty Ho Mei Court Parking Spaces Listed at HK$30 Million
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
A batch of 30 parking spaces at Ho Mei Court on 237, 237A, 239 and 239A Prince Edward Road West has been put on the market with an indicative price of about HK$30 million. The offering comprises 10 open-air spaces and 20 covered spaces, accounting for about 10% of the building’s undivided ownership shares. The property is in the core Mong Kok East area, around a six-minute walk from Mong Kok East MTR station and close to the main Prince Edward Road West corridor. Savills said the limited parking supply in the building and strong nearby demand could provide immediate and stable rental income for a buyer.
Key Points
- The car park package covers 30 spaces at Ho Mei Court, including 10 open-air bays and 20 covered bays.
- The site is at 237, 237A, 239 and 239A Prince Edward Road West in the Mong Kok East core area.
- The seller is seeking about HK$30 million for the portfolio, according to Savills senior manager Tang Chi-sing.
- The spaces represent about 10% of the building’s undivided shares, giving the buyer operational and leasing flexibility.
- Ho Mei Court has only 36 residential units, and Savills said the scarce parking supply supports rental demand and redevelopment upside.
Why It Matters
For Hong Kong investors, the deal shows how bundled parking assets in urban districts can be marketed as income-producing property rather than just ancillary facilities. The combination of scarce supply, proximity to rail access and a meaningful ownership stake may broaden interest beyond end-users to buyers looking at longer-term asset repositioning or redevelopment value.