In Hong Kong, one car parking has been sold for one million euros – Politics

One car parking lot in a luxury apartment complex in Hong Kong sold for ten million Hong Kong dollars (1.05 million euros), state media reported on Friday

Information shows that the 12.5-square-meter parking lot is part of an apartment complex that has attracted some of Hong Kong’s wealthiest residents.

Located on the top of the hill, the complex has one of the highest real estate prices in the world.

However, the media point out that at the same time, millions of Hong Kong residents are finding it difficult to afford apartments, many of which are even smaller than the aforementioned car park.

A report published by UBS in 2019 shows that a qualified employee needs a steady income for 22 years to be able to afford a 60-square-meter apartment.

Another report said the average real estate price in Hong Kong was $ 1.2 million.

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