In a city where land is sparse, even parking lots go for a premium.
A parking space in Hong Kong has been sold for a record $664,260 (HK$ 5.18 million) — making it the most expensive parking space in the world, according to the South China Morning Post.
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At just 188 square feet, or 17.5 square metres, that works out to a staggering $3,500 per square foot.
To put things in context, apartments in New York went for an average price of $1,750 per square foot, in mid-2016.Hong Kong, Parking Lot, Car Park, Property Prices, and World