Home News Features World’s Most Expensive Parking Lot In Hong Kong Costs Rs 4.30 Crore

World’s Most Expensive Parking Lot In Hong Kong Costs Rs 4.30 Crore

Kwan Wai-Ming bought this parking lot on the first floor at a posh apartment complex, close to harbour front, located in the west Hong Kong Island.

  • Shilpa Chopra
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World’s Most Expensive Parking Lot In Hong Kong

Measuring 188 square feet, the parking spot is costlier than a HK $4.8 million parking space, bought last year in October at another luxury residential complex.

If you think Rs 100 is a bit too much for a parking spot, read this and feel better. A businessman in Hong Kong has bought a parking lot for a whopping HK $5.18 million which equals an eye popping Rs 4.30 crore. According to local reports, this is a world record. Hong Kong is famously known for its mountainous buildings and lofty property prices.

The businessman, identified as Kwan Wai-Ming, is an executive director of the Huarong investment Stock Corporation (as reported by a newspaper in Hong Kong), bought this parking lot on the first floor at a posh apartment complex, close to harbour front, located in the west Hong Kong Island.  Read: Bentley Bentayga – World’s Fastest, Most Powerful & Most Expensive SUV

Measuring 188 square feet, the parking spot is costlier than a HK $4.8 million parking space, bought last year in October at another luxury residential complex.Kwan Wai-Ming’s parking space is apparently 40% bigger than a standard parking lot in Hong Kong, interestingly it is as large as a starter apartment in Hong Kong.

A quick algorithm reveals that this 188 square feet parking lot in Hong Kong costs Rs 2.27 lakh per square feet, which is almost three folds more expensive than business tycoon Mukesh Ambani’s, ‘Antilla’ that has a per square feet cost of Rs 52,000 to Rs 85,000. Even Shah Rukh Khan’s Mannat, priced at Rs 70,000 square feet is modestly cheaper than Hong Kong’s parking spot. Photo Gallery: Bentley Continental Supersports – The Most Powerful & Fastest Production Car

One can easily buy a luxury apartment in one of the metro cities in India at the price paid for this bare piece of land for parking a vehicle. It however leaves us wondering, which car will be parked here, certainly some high-end luxury supercar or maybe a highly-customised, hand-crafted ultra-luxury one-off supercar from the iconic British car marque that recently hit headlines for its sky-high price and avant-garde features. We are talking about the Rolls Royce Sweptail!

 

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