Could an en bloc lottery ticket be found in a Singapore parking lot?
A handful of car parks with separate strata titles may be selling redevelopment hopes
Add BT as a preferred sourceLisa Kriwangko
DEMAND for car parks has been gaining traction among real estate investors for its low maintenance costs and recurring income.
But down the line, quiet hopes of a redevelopment windfall may also be at the back of the minds of some investors with more patient capital.
It comes as family offices are springing up as popular buyers of such property assets - which are rare because of a legal tweak that limited the number of car parks in Singapore with separate strata titles.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
