How much is a parking spot in Hong Kong?
Also question is, what is the most expensive parking spot?
A parking place in Hong Kong was just sold for nearly $1 million, making it the most expensive parking spot on earth. The parking bay at The Center, a 73-story Hong Kong office tower that held the 2018 world record as the costliest commercial building ever sold, changed hands recently for HK$7.6 million ($969,000).
Subsequently, question is, is Hong Kong real estate expensive? Hong Kong is the most expensive city in the world for those looking to buy a home, new research showed. Published Thursday, real estate firm CBRE's fifth annual Global Living report analyzed property markets across 35 cities. Asia dominated the list of the world's most expensive property markets.
Besides, why land in Hong Kong is so expensive?
Why land in Hong Kong is so expensive. The government has long followed a policy to sell land to the highest bidder. With limited supply and increasing demand, property prices have shot through the roof in the last two decades.
Is parking expensive in London?
Parking in London is the second most expensive in the world - and at £8.84 AN HOUR costs more than the living wage. The average cost to park for an hour in the centre of London is more than the newly increased national living wage, a new study suggests.