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Parking space in Hong Kong purchased for record $760,000

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Parking space in Hong Kong purchased for record $760,000

The Hong Kong couple has resold a parking space in the Sun Hung Kai Properties Ultima apartment complex located in the Kowloon area, for a record-breaking global price, earning $330,000 on the deal.


In September 2017, they paid $430,000 for this property item, according to the Land Cadastre. The price of a parking space with an area of 5 by 2.5 meters has broken the previous record set in June last year, when an executive director paid $656,100 for a parking lot in the Sai In Pun area, South China Morning Post reported.

The current rate for a very small apartment in the same area is an average of $34,500 per square meter - just over half the cost of a square meter of the parking space.

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