While residents of cities like New York, San Francisco, Zurich, and London like to gripe about their cost of living, one city is showing off just how unaffordable it is with the price of a parking space.
The space, attached to a downtown apartment block that sold for a local record-breaking price of HK$6 million, is only 16.4 x 8.2 feet and broke world records for its selling price of $760,000.
This price averages out to $5,360 a square foot.
According to CNN: “The $760,000 price exceeds the previous most expensive parking space in Hong Kong. In 2017, $664,260 was paid for a spot in Sai Ying Pun, on Hong Kong Island.
It doesn't quite top the ticket price for most expensive parking space in the world, with spots in Manhattan offered for $1 million -- but those were far larger, at around 300 square feet apiece, compared to under 150 square feet for the Hong Kong space.”