Parking space in Hong Kong sold for $1.3 million

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HONG KONG (BLOOMBERG) - If anyone needed further evidence of Hong Kong's sky-high real estate prices, they found it this week with news that a car parking spot sold for almost US$1 million (S$1.36 million).. Read more at straitstimes.com.

HONG KONG - If anyone needed further evidence of Hong Kong's sky-high real estate prices, they found it this week with news that a car parking space sold for almost US$1 million .

The parking space is actually in the same building - The Centre in Central, which also happens to be the priciest office tower in the world. For the cost of the parking space, you could buy a one-bedroom apartment in Manhattan. "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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With that kind money,why stay in HK ?

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