$42m for a car park: Can car parks be an investment in Singapore?
July 03, 2021 Stackedhomes As far as property investments go, car parks are one of the most mysterious. There are few strata-titled car parks in the country today, and it’s believed the last of them were built around the 1980s. And yet, three such car parks have been sold since 2020; and the latest offering is a $42 million multi-storey car park at People’s Park Complex (or $57,000 per car park lot). Here’s what an aspiring investor might want to know about them: A recent slew of car parks up for sale Since end-2020, three strata-titled car parks have been sold. These are: