Zhuhai to auction 20-year rights for nearly 24,000 parking bays

Macau Business

Factuality

Ownership

Zhuhai to auction 20-year rights for nearly 24,000 parking bays

Zhuhai has announced plans to auction 20-year operating rights for nearly 24,000 parking spaces on municipal roads, with a bidding price of RMB732 million (US$100 million/MOP808 million). The auction, which covers precisely 23,798 parking spaces with a 20-year term including a construction period, is set to take place on 17 February. Each parking bay carries an annual leasing fee set at RMB1,538. The parking spaces on offer do not include those …