A parking space at an ultra-luxury development in Hong Kong has reportedly sold for $1.3million (HK$10.2m). Several spots were sold at the Mount Nicholson development in Hong Kong's affluent The Peak area. It worked out that the price per square foot of the 134.5-square-foot parking spot was around $74,350, according to the South China Morning Post. It worked out that the price per square foot of the 134.5-square-foot parking spot was around $74,350 (stock image)It was for a parking space in the basement of one of Hong Kong's 73-storey skyscrapers, known as 'The Center'. According to the Economist Intelligence Unit's 2020 Worldwide Cost of Living (WCOL) Survey, Hong Kong tied with Paris, France, and Zurich, Switzerland, as the most expensive city.

Source: Daily Mail June 04, 2021 11:45 UTC