Mon, 14 Jun 2021

$1.3 million for Hong Kong parking space sets new record

Robert Besser
09 Jun 2021, 14:33 GMT+10

HONG KONG: A world record was set when a parking space in Hong Kong sold for $1.3 million last week.

The parking space was located at the Mount Nicholson residential project, a luxury residence. The buyer was not identified.

The per square foot price was calculated at about $9,500 per square foot.

The previous world record for a single parking space was $969,000 at the 79-story Hong Kong office tower The Center. That sale occurred in October 2019.

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