Hong Kong is so expensive that a single parking space just broke a property record

- A car space in Hong Kong's Kowloon district is being rented for or HK$10,000 (US$1,274).
- This appears to be the most rent ever paid for a Hong Kong parking space, costing more than some of the city's smallest apartments.
- Hong Kong continues to break records for its high cost of living.
Hong Kong real estate is among the priciest in the world, with record-breaking apartments being sold for well over $70 million.
But it's not just living spaces in Hong Kong that are expensive - a car space in Kowloon district was just rented out for HK$10,000 (US$1,274) a month, making it the city's most expensive rented car park.
Property agents confirmed the 135 sq ft park was rented on Monday at the luxury Ultima project in the residential Ho Man Tin area.According to South China Morning Post, the rent for the parking space is more than what some people pay for some of the city's smaller apartments.
The Ultima project has only 370 car spaces for its 527-units, which caused the price of a single spot to skyrocket.
Hong Kong continues to break records for its high cost of living.
In November, two units in a luxury housing development at The Peak sold for a combined HK$1.16 billion ($149 million) to a single buyer.
An unidentified buyer paid $76.8 million for a 4,579 square-foot apartment and about $71.7 million for a 4,242 square foot apartment.
Hong Kong is the second-wealthiest city in the world, with fiscal reserves of more than HK$900 billion, but less than one-tenth of its land area is zoned for housing.
More US contractors have died in Afghanistan than US troops - but the Pentagon doesn't keep track

'You guys are based in California, not Ukraine, right?' - an analyst mocked Trump's CrowdStrike conspiracy on the firm's earnings call

Photo shows Jeffrey Epstein went to royal party dressed as a Navy SEAL

SUCCESS INSIDER: How to land a job at McKinsey - or make travel part of your life without losing a salary

Why I'm happy to keep paying an annual fee for the Chase Sapphire Reserve but will probably cancel the Amex Platinum
What is citizenship bill and how does it affect religious freedom in India?
India is slowing down so fast that even experts can’t keep up
Meet the 33-year-old Chennai techie who spotted Vikram Lander on Moon’s surface and alerted NASA
Raghuram Rajan's warning about Mudra loans last year may be coming true
Microsoft’s four-day work week idea will be good for Indians— but there is a lot to be fixed before that
Dues, death and an investigation — all that went wrong with OYO hotels in the last 6 months
Three wise men who exited Vodafone India just in time to make millions
SAIF Partners invested in Swiggy when they just had a landing page – today they are going after more seed stage startups, here’s why
SIGN IN WITH
FacebookGoogleEmail