The deal took place in Hong Kong. An unknown buyer did not regret such a cosmic sum for the opportunity to park his car on the territory of a luxury residential complex.
Hong Kong is one of the most densely populated metropolitan areas in the world, making it difficult for local car owners to find a free parking space. One of them recently sold for $ 1.3 million.
Such an expensive parking space is located on the territory of a residential complex, from the windows of which a picturesque view of the harbor opens.
This is a new record for Hong Kong. The former owner of the title of most expensive parking space boasted an amount of 7.6 million Hong Kong dollars (980,000 US dollars). This parking space appeared in 2019 in a 73-story office tower.
By the way, prices for residential buildings in the new Hong Kong residential complex range from 400 to 600 million Hong Kong dollars (from 51 to 77 million US dollars).
So extra million for a better parking spot isn’t such a big deal.
Experts believe that the current owner of the most expensive parking space bought it as a very promising investment. Property values in the area have recently set their record.
Meanwhile, the new 2022 BMW 4-Series Gran Coupe has been unveiled – bigger and better handling. The car received an upgraded suspension with new shock absorbers and a powerful engine.