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A car parking spot in an exclusive Hong Kong suburb sold for more than $1.7 million, reports say.

Shawna Kwan Save Share Hong Kong | Hong Kong’s property market is breaking yet another record. Wharf Holdings and Nan Fung Group sold a parking space for $HK10.2 million ($1.7 million) at the luxury Mount Nicholson residential project, according to a person familiar with the matter who asked not be named discussing private deals. The price beat the previous record of $HK7.6 million for a spot in an office tower set in 2019. Residential houses at the Mount Nicholson project in the Peak district of Hong Kong.  A Wharf representative said the company did not have further information to p...

The $1.3 million price tag beat the 2019 world record of $969,000 for a parking bay, which was also set in Hong Kong.

The record-breaking parking spot is reportedly at an ultra-luxury residential development on The Peak.

A single car parking space has been sold for a whopping HK$10 million ($1.3 million) at a luxury Hong Kong apartment complex, local media reported on Friday.