The world’s most expensive car parking space is located in an inch of land

The world’s most expensive parking space in Hong Kong costs $1.3 million for a parking spot.
Parking for vehicles is seen as a status symbol and an investment option in an inch of land like Hong Kong. There is not much space for parking in central office towers, so prices are always kept high.

The world’s most expensive car park is located in a super luxury development in Hong Kong overlooking the city’s harbour. It is the luxury project Mount Nicholson in the affluent ‘The Peak’ area of ​​Hong Kong. The building’s parking lot was once dubbed ‘Asia’s most expensive address’ overlooking Victoria Harbour. A car parking space costs 1.3 million USD (about 30 billion VND). William Lau, sales manager for Centaline Real Estate at The Peak, says the price for parking is negligible compared to the price of the apartment. He said: “This is definitely the most expensive car parking spot in Hong Kong. But what homeowners care most is parking space, not money. They buy houses for personal use, not for personal use. must invest”. The world’s most expensive car parking space is located in an inch of land In 2017, this development was named the most expensive address after information about a wealthy person spending $ 149 million (about VND 3,433 billion) to buy 2 houses here. Hong Kong is famous for its sky-high parking lots. In 2019, the record for the most expensive parking space belonged to a location in the bay with a selling price of $979,000 (about VND 22.5 billion). It’s a parking space in the basement of one of Hong Kong’s 73-story skyscrapers, called ‘The Centre’. According to the Global Cost of Living Survey (WCOL) 2020 by the Economist Intelligence Unit research group of the prestigious economic magazine The Economist, Hong Kong along with the capital Paris, France and Zurich, Switzerland, are the cities most expensive in the world. Reportedly, the most expensive car park in the UK costs $ 496,000, more than a third of the price of a record parking space in Hong Kong. Hoang Dung (translation summary)