Hong Kong fact of the day

Hong Kong just set another property-price record. This time, it was for a parking space.

A 188-square-foot space on Hong Kong island sold for HK$5.18 million ($664,300), or HK$27,500 a square foot, last month, newspaper Ming Pao reported Wednesday, citing land registration records.

The car park cost more than some Hong Kong homes: Centaline Property data shows a HK$4.2 million sale of a 284-square-foot, two-bedroom home in Sha Tin, in the New Territories, in April.

That is from Fion Li at Bloomberg.

Comments

Comments for this post are closed