HONG KONG (Oct 23): This metropolis has been in the news over the past few months owing to the long running protests, riots and violence.

But now let us get back to things Hong Kong has been famous for the longest time before its sudden plummet into social and political troubles: dim sum and staggeringly expensive real estate.

And since this is not a culinary website, the news will be on the latter.

South China Morning Post (SCMP) today reported that a parking bay at The Center was recently sold for HK$7.6 million (RM4.06 million), “making it the most expensive spot on earth to park a vehicle”.

The English-language daily stated that the selling price is “equivalent to HK$56,505 psf for a standard parking space that measures 134.5 sq ft”.

The 73-storey The Center office tower grabbed the 2018 world record “as the costliest commercial building sold”.

The Center is also the fifth tallest building in Hong Kong. It was developed by Cheung Kong, Land Development Corp and completed in 1998.

It is one of the few skyscrapers in Hong Kong that is completely “steel-structured with no reinforced concrete core”.

“Good times or bad times, there are still ultra-rich people paying whatever needed to get what they like,” James Mak, Midland Commercial's district sales director told SCMP.

The parking space is at bay B1-1023 on the top floor of the basement of The Center. It is reportedly “currently vacant pending the completion of its sale”.

Agents that SCMP spoke to said the average price of parking bays in the office tower “currently stands at HK$6 million”.

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