Hong Kong real estates continues to break records
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Loading...Hong Kong real estate is among the priciest in the world, with record-breaking apartments being sold for well over $70 million.
But it's not just living spaces in Hong Kong that are expensive — a car space in Kowloon district was just rented out for US$1.274 a month, making it the city's most expensive rented car park.
Property agents confirmed the 135 sq ft park was rented on Monday at the luxury Ultima project in the residential Ho Man Tin area.
According to South China Morning Post, the rent for the parking space is more than what some people pay for some of the city's smaller apartments.
Hong Kong continues to break records for its high cost of living.
In November, two units in a luxury housing development at The Peak sold for a combined billion $149 million to a single buyer.
An unidentified buyer paid $76.8 million for a 4,579 square-foot apartment and about $71.7 million for a 4,242 square foot apartment.
Hong Kong is the second-wealthiest city in the world, with fiscal reserves of more than HK$900 billion, but less than one-tenth of its land area is zoned for housing.
Source: BI
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