Hong Kong Parking Spot Sets World Record Sale Price

By Evann Gastaldo,  Newser Staff
Posted Jun 14, 2017 7:51 PM CDT
Parking Spot in Hong Kong Sells for $664K
Stock photo   (Getty Images / vichie81)

A parking space in Hong Kong has set a world record, selling for $664,200, the South China Morning Post reports. The 188-square-foot spot is on the first floor of a luxury apartment complex near the harborfront and was purchased by an executive director of an investment firm, AFP reports. Property prices are insanely high in Hong Kong, where last month someone paid $3 billion for a commercial lot in a business and shopping district and small businesses are closing over high rent costs. (Read more Hong Kong stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.