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Hong Kong parking space sells for $1.3M, sets new world record

A parking space in an affluent Hong Kong neighborhood sold for $1.3 million — a new world record.

The parking space at the luxury Mount Nicholson residential project was sold by Wharf Holdings Ltd. and Nan Fung Group sold for a total $1.3 million to an unidentified buyer.

The price for the 134.5-square foot parking space amounts to about $9,500 per square foot.

The sum beat the previous world record for the most expensive parking spot: a $969,000 space sold at the 79-story Hong Kong office tower The Center in October 2019.