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Friday 1 February 2019

Start-Up of the Day: Parkit

A while back, I was in San Antonio, Texas, when I realised how exorbitant parking could be. Fortunately, Lonely Planet suggested the use of an app that enabled a price comparison of all the parking rates in the city.

At the hotel, the significant other and I selected the top 5 cheapest places before setting off to find them.

It wasn't perfect - some of the parking lots hadn't been updated unfortunately, and some were just full, but we got ourselves a parking space for the day at very competitive pricing.

That's what Kuala Lumpur needs, I told myself.

Now ParkIt isn't quite a price comparison site, but it definitely connects people who need parking space to the people who have them.


Based on the requirements that you have entered on your listing, the website matches you with people in your location, who want to lease your car parking space for as long as you want them to. It can be for a week or a month.

You may think that your management is strict about who enters your apartment building.

However, the legal position is that under the Strata Title Act, once an owner buys a unit, the parking spot belongs to the owner as an accessory of the parcel and it is within their discretion to do whatever necessary with it, including renting it out.

Assumption: If you live in Cheras and work in Kota Damansara, meaning that you leave your house at 7AM and don't get home until 6PM, someone who works in the office block across the road from your apartment, could rent your parking space while you're gone.

I don't know if this works as a space share, but perhaps a deal could be worked out.

Now I am not a fan of cars anymore; I used to be, until I discovered how polluting they are to the environment.

But I am less keen on the thought of someone circling the parking lots of KL trying to find a place to park his or her car. I have personally experienced the stress and wouldn't wish it on anyone.

Obviously the best option is to take public transportation, but that isn't always available to everyone.

Besides, instead of parking being the sole domain and monopoly of lot owners, the average person can now monetise that available parking space.

Talented Malaysian of the day: Kyan Liew

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