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Carpark in Hong Kong sells for $1.8million

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A carpark has been sold in Hong Kong for $1.8million.

The recent sale was one of several car parks sold at a ultra-luxurious Mount Nicholson development overlooking the city’s Victoria Harbour.

The NZ$1.8m sale is a new record for a parking space. The previous record was NZ$1.35m, unsurprisingly also set in Hong Kong.

It’s unclear how large the car park actually is, but it is believed it is a standard car park.

Such high prices for parking spaces is a result of overcrowding in Hong Kong. For example, a house in Hong Kong was rented for a staggering NZ$290,785 per month

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