VICTORIA – A parking space was sold for a record-breaking $1.3 million in Hong Kong.
It was one of several spots sold at an ultra-luxury development in the city’s affluent The Peak residential area, local media reported.
The Mount Nicholson development overlooking the Victoria Harbour has some of Asia’s most valuable homes.
Hong Kong is so crowded that space, whether it is for living in or parking a car, can attract a huge premium.
The previous record price for a parking space was also set in Hong Kong, when a spot fetched $980,000 in 2019, according to Bloomberg.(BBC)
