hong-kong - The fact that land and house prices in the fully-fledged Hong Kong pave out are well known. The craze on the overheated market got a new dimension, when a businessman was prepared to count down 595,000 euros for a parking space in the center.
For that money you can buy a beautiful house in many places in the world. Businessman Kwan Wai-ming has no more than a piece of concrete of 5 meters length and 3.30 meters width for acquired. Even for Hong Kong terms, that's a lot, writes The New York Times.
He can afford it. The parking space can be found in a flat, where he has two apartments with a combined value of almost 9 million euros. In the garage of this residential complex he already had two parking spaces that cost him 890,000 euros.
Those who do not have a car will take the metro in the Chinese metropolis for 1.15 euro or the tram for 25 cents.