HONG KONG: At the 73-story Hong Kong skyscraper “Center”, a pricey parking space reserved for executives and tenants was recently sold for an eye-popping $969,000 ($7.6 million in HK dollars), the media has reported.
Johnny Cheung Shun-yee, one of the 10 investors in the consortium that paid $5.15 billion last year for “The Center”, told that he had sold the last of his four car parks in the tower to someone who owns an office in the same building because “the buyer now needs a car park lot,” declining to identify the buyer, according to media report.
At 134.5 square feet, the cost of the parking space breaks down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house.
(Agencies)
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