Hong Kong car parking space sells for $1.7 million
A car parking spot in an exclusive Hong Kong suburb sold for more than $1.7 million, reports say.
Developers sold several parking spots on The Peak, overlooking Victoria Harbour in the territory, with one fetching $1.7 million, the South China Morning Post reports.
They were part of the Mount Nicholson residential complex, which includes 19 garden houses and 48 apartments, co-built by Wharf Holdings and Nan Fung Group.
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Houses on Mount Nicholson in Hong Kong sell for an average price of $130 million. Getty
"It is definitely the most expensive car parking spot in Hong Kong," William Lau, a sales director at Centaline Property Agency's branch, said.
Houses on Mount Nicholson fetch an average price of $130 million, Mr Lau said.
Hong Kong, which is among the most expensive property markets in the world due to a housing shortage, also has a major shortage of car parks.
Hong Kong has some of the most expensive property in the world. AAP
In September 2019, a businessman sold a 12.5sq/m car park space for $1.2 million, near the Hong Kong central business district.
And a car space in front of a Kowloon luxury apartment building fetched more than $990,000 in 2018.
- With CNN
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