The price illustrates the broader rise in real estate values in Hong Kong, already home to an expensive housing market per square foot.
NYS Entity Status
NYS Filing Date
APRIL 08, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - 642 HONG KONG KITCHEN INC.
AROUND THE WEB
- A $664,000 Parking Spot Symbolizes Hong Kong’s Property Frenzy
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- A car park space in Hong Kong just sold for the low low price of $664,260
By Yvette Tan - Thursday Jun 15, 2017
In a city where land is sparse, even parking lots go for a premium.
A parking space in Hong Kong has been sold for a record $664,260 (HK$ 5.18 million) — making it the most expensive parking space in the world, according to the South China Morning Post.
At just 188 square feet, or 17.5 square metres, that works out to a staggering $3,500 per square foot.
To put things in context, apartments in New York went for an average price of $1,750 per square foot, in mid-2016.Hong Kong, Parking Lot, Car Park, Property Prices, and World
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Pro-democracy and pro-Beijing demonstrations took place in Hong Kong amid a visit by President Xi Jinping of China. Saturday was the 20th anniversary of the handover of Hong Kong from Britain to China.