Could an en bloc lottery ticket be found in a Singapore parking lot?

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.