Being a global financial hub, Hong Kong is one of the most congested and one of the most expensive places to live.
Parking Space Hong Kong
Finding a parking space in a congested urban area can certainly be a daunting task. But have you ever heard of a parking space that costs $1.3 million (approximately Rs 9 crore)? Sounds ridiculous, but it’s also true to a large extent. You can start counting here that, with this much money, you do not know how many parking spaces you can buy in India.
According to BBC News, a report has revealed that Hong Kong’s luxury parking space has been sold for the same price. The peak residential area came into limelight when the parking space here was sold for Rs 9 crore. Let us tell you that at this price you can buy any supercar in the world.
Why does parking space cost so much?
Let us tell you that for such a huge amount, you can make a Pagani Huayra, 2022 Porsche 911 GT3 and Porsche 918 Spyder your own. But here the biggest question arises that why is the price of parking space in Hong Kong so high. Let us tell you that Hong Kong is a very crowded area. That is, if you want parking space here, then you will have to pay crores of rupees.
The Mount Nicholson development overlooking the city’s Victoria Harbor houses some of Asia’s most valuable homes. Being a global financial hub, Hong Kong is one of the most congested and one of the most expensive places to live.
Like many other big cities around the world, Hong Kong has also developed a huge speculative market for property and parking lots worth 90 million are a result of that. Interestingly, getting a parking space in Hong Kong is nothing new. In the year 2019, a parking lot got $ 980,000.
read this also:
Honda’s two-door electric car to be launched soon, will run 220km on a single charge
Now Zomato has also chosen the path of Flipkart-Amazon, 100% delivery by electric vehicles will be done by 2030