‘Co-parking’ in Tsuen Wan: HK$1,500 for 12 days

With the limited supply and soaring prices of parking spaces in Hong Kong, some owners have adopted the sharing economy model to rent out their parking lots on specific days for a fee. In Tsuen Wan’s industrial area near the Sha Tsui Road and Chai Wan Kok Street, hk01.com has discovered that some parking lot owners have posted advertisements for motorists to “co-park” at their spaces. Duncan Ho Dik-hong, barrister and a member of the Progressive Lawyers Group, said the owner of the space should tell renters of the penalties for parking beyond the time limit and the limitations for co-parking in the lease.