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A parking space in the basement of a Hong Kong skyscraper just sold for almost R14 million

Business Insider US
The Center skyscraper is pictured in Hong Kong, where a parking space recently sold for nearly $1 million.
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  • A parking spot in the basement of a Hong Kong skyscraper recently sold for just under $1 million (R14 million) US Dollars.
  • That makes the parking spot the most expensive in the world.
  • For more stories go to www.BusinessInsider.co.za.

A parking space in the basement of one of Hong Kong's skyscrapers recently sold for about $969,000 (R14 million) US Dollars, making it the most expensive parking spot in the world.

The news was confirmed to the South China Morning Post by Johnny Cheung Shung-yee, one of the 10 investors in the 73-story building, called The Center (which is already famous for being used in the Batman film "The Dark Knight").

Shung-yee said someone who owns an office in the same building bought the spot, and it was the last available one in the building.

By all accounts, the spot isn't special. It's 134.5 square feet (40 square-meters) and has an alcove to make it easier to get in an out of a car parked in the spot.

Two other car parks in the basement sold in August for a combined price just over $1.6 million (R23 million).

The astronomical price for the parking space highlights the issue of space on Hong Kong Island.

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