Forget about castles. This Hong Kong parking space just sold for a world-record $760k
A couple has pocketed a staggering $330,000 profit by reselling a car parking space, less than nine months after buying it. The single parking spot at a luxury apartment complex in Hong Kong set a new world record on Monday, changing hands for HK$6 million ($760,000) – or $5,660 per square foot. $760,000 Price of the 134.5 sq.ft parking space. The seller, a Hong Kong couple, had paid HK$3.4 million ($433,000) for it in September 2017, according to Land Registry documents. Hong Kong has been ranked the world’s most expensive property market for eight years in a row. Hong Kong has an average residential property of $1,980 per square foot, according to JLL. Manhattan real estate was $1,773 per
Forget about castles. This Hong Kong parking space just sold for a world-record $760k