A Parking Space Sold For A Record-breaking $1.3m (₦534m) In Hong Kong

A parking space has reportedly sold for a record-breaking $1.3m ((₦534m or £930,000) in Hong Kong.

It beats the previous record price of $980,000 (₦402 million) set in 2019, also set in Hong Kong.

Hong Kong is so crowded, making space, whether for living in or parking a car, sell for huge amounts of money.

A parking space in Hong Kong has reportedly sold for a record-breaking $1.3m (₦534 million). This astonishing price for a parking space beats the previous record price of $980,000 (₦402 million) from 2019, also set in Hong Kong.

The parking space is one of several spots sold by Wharf Holdings Ltd. and Nan Fung Group at an ultra-luxury Mount Nicholson residential project.

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Unlike in many major cities across the globe, Hong Kong is so crowded. This has led to space, whether it is for living in or parking a car, selling for huge amounts of money.

Hong Kong, the global financial hub often tops lists of the world’s most expensive places to live. A house on the Peak was secured for a record rental price of $210,000 per month in May.

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