Singapore’s success in managing congestion
Following our recent post on congestion charging in New York City, we’ve updated one of our most popular posts to continue the discussion on strategies to reduce traffic congestion. Let’s explore Singapore’s recent advancements in their “two-prong” carrot and stick strategy to tackle congestion: implementing a harsher and more advanced “user pay” strategy alongside premium […]
Hong Kong car park prices – how much is too much?
That Hong Kong is the most expensive place in the world to purchase a residential property it is widely known but have you thought how much it costs to own a parking space there? According to Reuters, car park spaces have tripled in value between 2010 and 2017. This is a remarkable growth on its […]
Are there enough parking spaces in Australian CBDs?
ptc. regularly monitor the price of parking in Australia. In this article we review the prices in Australia’s largest capital cities investigating rate changes for daily and early bird parking across over 250 car parks. Price as a barometer The key factors that influence car park revenue are price and occupancy (as well…...
Booking Parking Spaces Online
Online shopping is part of contemporary life. We are as used to buying products as to booking hotels, plane tickets and restaurant tables. For some time now we can also book parking spaces not only in airports but in city centres as well; apps and websites allow us to compare offers and to choose in […]
Is Sydney Ready for a Congestion Tax?
The topical and contentious issue of a congestion tax was again discussed in the SMH this week. As major transport projects are completed over the next few years, the Baird government has left the door open to consider introducing a congestion tax, whose aim would be to charge motorists to enter the CBD to […]