Hong Kong businessman pays almost US$1 million for parking space

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Hong Kong might be heading for recession after months of violent protests but that hasn't stopped one businessman from forking out almost US$1 ...

The purchase comes even though there are growing concerns about the impact of ongoing protests on the city's real estate market with property firms' share prices plunging in recent months, as they are forced to offer discounts on new projects and cut office rents.

Anti-government protesters hold placards at Olympian City 2 shopping mall in Hong Kong, China September 13, 2019. REUTERS/Amr Abdallah Dalsh "A lot of those owners in The Center are in finance or in other high-growth businesses," Stanley Poon, a managing director at Centaline Commercial, said."To these tycoons, it's not a significant purchase if you compare it to the value of the office floors they own.

 

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buy a condo in Penang for just rm400,000 , free parking space permanently LOL ......

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