A parking bay at The Center – the 73-storey Hong Kong office tower that still holds the world record as the costliest commercial building ever sold – changed hands recently for HK$7.6 million (US$969,000), making it the most expensive spot on earth to park a vehicle.
A parking bay at The Center – the 73-storey Hong Kong office tower that still holds the world record as the costliest commercial building ever sold – changed hands recently for HK$7.6 million (US$969,000), making it the most expensive spot on earth to park a vehicle.
The prices of Hong Kong car parks have outperformed the housing market over the last dozen years, amid shrinking supply. The sale price underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades.
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