Rents for parking spaces for motor vehicles will probably keep rising unless the government begins discouraging the use of cars, Business Daily reports. The newspaper, citing an executive of CarparKing Co Ltd, an estate agency that specialises in parking spaces, says rents may increase by 30 per cent to 50 per cent in the next six months, once the government doubles what it charges for parking in public car parks. It quotes CarparKing general manager Chan Lik Ki as saying: “Limited supply means that the excessive demand will still push up the rental cost.”
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