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.