Manila among cheapest parking rates in Asia

According to a recent Business World article, Manila has the 3rd cheapest parking rates across Asia Pacific at under $4 a day (about P182). New Delhi has the cheapest at $1.87 and Jakarta goes for about $1.89 with Sydney having the most expensive rates reaching $54 a day.

Mall operators also cited that they do not earn from parking structures (yeah right) and that they charge parking so that people who don’t patronize their malls do not park at their parking structures (someone needs to go back to philo 1).

ABS-CBN News – Manila still has one of lowest parking rates

1 Comment so far

  1. urbanodelacruz on July 15th, 2008 @ 10:16 am

    I say RAISE the parking rates.

    Econ 11, right? Tax what you want to discourage.

    Here’s the counter-intuitive rub, fixing our parking policies (like putting in market driven pricing) could actually decongest our traffic.

    Oh, and the surcharge on parking fees should go directly to improving sidewalks and public transit.

    UDC



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