Jul
05

A Single Parking Space in Hong Kong Has Sold for $765,000

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  • ‘I could buy five cars for that much,’ limousine owner says
  •  Number of autos rising much faster than parking-spot growth

Spare a thought for Hong Kong’s beleaguered car owners.

The market for parking spaces is hotter than ever as a single spot in a luxury development in Kowloon’s Ho Man Tin district changed hands for a record HK$6 million ($765,000)…

A Single Parking Space in Hong Kong Has Sold for $765,000

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