Permanently owned, coexisting from generation to generation
From 1998 to now, there are a total of 18,163 taxi licences in Hong Kong, 15,250 taxi licences in the urban areas, 2,838 licences in the New Territories and 75 taxi licences in Lantau.
The Government has not re-licensed because of the traffic policy and the busy traffic routes. Therefore, market supply is limited. The existing licences are permanent, and there are no investment tools that can be reserved for future generations when they are not due.
To change the owner of a
Taxi licence is simple and easy
There are many different investment projects in Hong Kong, including real estate, parking spaces, stocks, funds, foreign exchange, etc. Compared to those investment projects, taxi sales are relatively fast and straightforward. There is no need to go to the Law Firm to process the sale and purchase documents, nor to pay stamp duty, brokerage fees and long-term valuation and approval of the bank.
As long as the buyers and sellers both agree on the price, they can sign the sale and purchase agreement and go to the Admiralty Transport Department to handle the transfer.
High return rate and strong resilience
Taxi is in a different field compared to other business and plays an essential role in the transportation system. Regarding the experience of the financial turmoil in the past, the taxi’s resilience is stronger than other investment products, and the decline is relatively small; a new round of taxis It can operate normally for about 15 years. On behalf of the owner, car rental can be collected every day for the next 15 years. After the successful purchase, the car will start to receive the return immediately. Based on the current economic environment, investment taxis can have a return on investment of around4%, which is more attractive than the bank’s time deposits, and it can be sold immediately when needed.
no worries about custody
Taxi investors can enjoy investment benefits on the one hand. On the other hand, if they are taxi drivers themselves, they can enjoy flexible working hours and a stable income. They can also have personal career development opportunities and become one of the owners.