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Jiangxi has begun renovating old residential communities, aiming to add 500 new parking spaces.

Jiangxi has begun renovating old residential communities, aiming to add 500 new parking spaces.

The renovation of older residential communities is closely linked to the people’s sense of well-being. Jiangxi Province has been actively promoting the upgrading of aging urban neighborhoods, seeking national funding while encouraging governments at all levels to allocate substantial public resources, leveraging fiscal incentives to attract private investment and mobilize social capital for these projects. At a recent provincial conference on advancing the renovation of old urban residential areas and parking‑lot construction, it was reported that, as of the end of September, 238 such projects had been launched across the province, benefiting 106,900 households. Additionally, 686 projects have been submitted for central government subsidies, covering 266,000 households. As of the end of September, 686 projects had been nominated for central subsidy support.

2019-10-28 16:10

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Should urban parking be free? If it is to be charged, how should it be implemented?

Should urban parking be free? If it is to be charged, how should it be implemented?

Due to China’s extremely rapid urbanization, the country has also experienced a swift transition toward an automobile‑dependent society. Such dramatic social changes can only be described as “changing with each passing day.” Twenty years ago, owning a private car might have been nothing more than a distant dream; today, many people can afford one with just a few months’ wages. Once a luxury item, cars have now become commonplace—“like swallows that once nested in the mansions of noble families, now flying into the homes of ordinary people.” In the days when cars were still relatively scarce, parking was hardly an issue, and free parking was taken for granted. Back then, charging for parking would not only have seemed unreasonable but also economically impractical; indeed, the fees collected would likely have been insufficient to cover even the most basic costs.

2019-10-28 09:07

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HK$7.6 million—Hong Kong parking space prices hit a new record!

HK$7.6 million—Hong Kong parking space prices hit a new record!

Located on Queen’s Road Central in Central, the Central Plaza is one of the world’s most expensive office buildings, and it also houses the world’s priciest parking space (iStockphoto). (Hong Kong Comprehensive Report) A seasoned investor in Hong Kong recently paid HK$7.6 million (S$1.32 million) for an odd-numbered parking space at Central Plaza, setting a new record for the highest price ever paid for a parking spot in Hong Kong—and possibly worldwide. This sum is more than 30 times the average annual salary in Hong Kong. The buyer who set the new record is Zhang Shunyi, an investor renowned for his real estate dealings and nicknamed “Logistics Zhang.” The parking space he acquired is located at No. 99 Queen’s Road Central, Central.

2019-10-28 09:04

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Beijing: Draft Regulations on Property Management Seek Public Input; Parking Spaces May Not Be Sold Without Being Rented Out

Beijing: Draft Regulations on Property Management Seek Public Input; Parking Spaces May Not Be Sold Without Being Rented Out

With regard to the use of parking spaces, the draft regulation stipulates that parking spaces and garages designated within a property management area for vehicle parking shall be allocated to meet the needs of the owners. Any spaces intended for sale may not be sold to persons outside the property management area. As for spaces that have not yet been sold or leased, they must be offered for lease to the owners of the property management area on a priority basis; refusal to lease on the grounds of “sale only, no rental” is prohibited. Concerning property service fees, the draft regulation provides for the establishment of a dynamic adjustment mechanism. For residential communities with market‑sold properties, property service fees shall be subject to market‑determined pricing, with the parties—owners and property service enterprises—negotiating in accordance with the principles of reasonableness, transparency, and value for money. Property services…

2019-10-28 09:01

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Parking Updates | Nanchang Expands Urban Parking Capacity with “Above-and-Below-Ground” Solutions

Parking Updates | Nanchang Expands Urban Parking Capacity with “Above-and-Below-Ground” Solutions

Expanding Capacity: An additional 120,000 parking spaces are to be added each year. Parking has long been a challenging, high‑profile, and pressing issue in urban management. On the one hand, vehicle numbers are growing rapidly: Nanchang currently has approximately 1.3 million registered motor vehicles, with an average daily increase of 300 cars—roughly 100,000 new vehicles annually. On the other hand, there is a significant imbalance between parking supply and demand; the city’s total parking capacity stands at about 800,000 spaces, leaving a shortfall of roughly 500,000 spaces when calculated on a 1:1 ratio. In the past, urban planning and design failed to account for parking needs from a forward‑looking, development‑oriented perspective, resulting in substantial historical deficits in parking infrastructure, particularly in the old城区. The Nanchang Municipal Party Committee…

2019-10-25 09:23

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Fengtai District has issued Beijing’s first set of guidelines on community parking.

Fengtai District has issued Beijing’s first set of guidelines on community parking.

According to the latest data from the Beijing Municipal Commission of Transport, as of the end of May this year, the city’s motor vehicle ownership has reached 6.21 million, including 5.19 million passenger cars, making parking challenges increasingly acute. In particular, older residential communities—where property rights are unclear, management services are inadequate, and infrastructure lags behind—often leave residents grappling with a persistent concern: where and how should they park their vehicles? Recently, Fengtai District issued Beijing’s first-ever community‑level parking guidelines. Titled “Fine‑Grained Management and Safety of Motor Vehicle Parking in Residential Communities of Fengtai District,” the document sets out standardized practices for community parking, covering aspects such as responsible parties, parking space allocation, handling of violations, and parking fee structures. According to…

2019-10-24 11:23

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