Monday, July 20, 2009
Most Expensive Places To Park Your Cars
Colliers International, a property company, has come out with an interesting survey on global parking rates. European cities have some of the highest daily parking rates, with Amsterdam and London coming out on top. Tokyo is the most expensive place to leave your car outside Europe. Honolulu is second behind New York among America's cities. Drivers in London fork out the most for a monthly unreserved space. The cheapest parking in the survey is in India, where a spot in Chennai costs 96 cents a day.
I should really not complain about my RM150 ($41) monthly parking fee. Parking can be a major cost factor in determining whether people drive to work or not. In HK, its very easy to own a car, it costs a lot more to park it.
Parking is one thing, the other is toll rates. While we bitch about our tolls, many cities have "restricted zones" that charges according to the time of entry. The thing to bear in mind is that if you are going to make it prohibitive to own and drive a car to work, make bloody sure the infrastructure and alternative modes of (affordable) transportation are available.