The Most Expensive Parking Spot in the World Costs US$1.3 Million

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Aerial view of the Mount Nicholson luxury development on The Peak. Photo credit: Martin Chan via SCMP

Year on year, Hong Kong ranks amongst the most expensive places to live in. It is one of the most densely populated cities in the world with the second-highest number of billionaires of any city in the world and the highest number of billionaires of any city in Asia. You get the picture.

So, it’s no surprise that it has the most expensive car park spot in the world. Yup, priced at US$1.3 million!!! Heck, even some supercars cost lesser than that.

The car park space, as reported by South China Morning Post, is located in the exclusive Mount Nicholson development on The Peak,  smashing a world record set in 2019 in – you guessed it – Hong Kong.

A standard parking space measures around 134.5 sq ft (12.5 square metres), so that works out to US$9,600 per square foot!!

Where would you put your money if you had a cool million lying around? A dusty, oil-stained parking space?

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