McLaren Hong Kong packs over seven and a half million people into 428 square miles, and is one of the most densely populated cities in the world and one of the most expensive to live in. Seen as one of the major economic powerhouses of the People's Republic of China, this city attracts big money, and when it comes to parking spaces, the rich are clearly willing to spend. The record setting spot sits in an ultra-luxury development located in The Peak residential area, situated on the highest hill in Hong Kong. The parking lot which sold for $1.3 million broke the previous record of $980,000 set back in 2019.