In which city a parking space costs as much as an apartment

In which city a parking space costs as much as an apartment

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Having a home in Hong Kong is a summer nightmare as it is considered one of the most expensive cities in the world, with apartments selling for over $ 70 million.

But it's not just Hong Kong's expensive living spaces - a parking space in the Kowloon area just rented for $ 1.274 a month, making it the most expensive rental car park in the city.

The realtors confirmed that the 12 square meter space was rented on Monday in the luxury project Ultima in the residential area Ho Man Tin.

According to the South China Morning Post, the rent for this parking lot is higher than what some people pay for a small apartment in the city.

The Ultima project has only 370 parking spaces for its 527 apartments, which caused its price to skyrocket.

Hong Kong, however, continues to break records for its high cost of living.

In November, two apartments in the Peak apartment building sold for $ 149 million to a single buyer.

An unidentified buyer paid $ 76,8 million for a 425-square-foot apartment and about $ 71,7 million for a 400-square-foot apartment.

Hong Kong is the second richest city in the world with only 1/10 of the land being landlocked.

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