RSS Feed

11/01/2019

Topic Reading-Vol.2760-11/1/2019

Dear MEL Topic Readers,
Hong Kong parking space sells for almost $1 million
There are inconceivably luxurious and ultra-high-performance sports cars in the world whose price tags go over hundreds of thousand dollars, such as Rolls Royce and Lamborghini. But the value of those cars usually goes down as time passes. In the meantime, the price of highly coveted license plates like F1, VIP 1, or Dubai 1 are sold over million dollars in auctions, just like a popular artwork or antique. But in Hong Kong, one of the world’s most expensive places to live in, a parking space could get a premium price, even more expensive than a Bugatti.
Recently, a 12.5 square-meter parking space in front of The Center, a 79-floor office tower in Hong Kong's busy Central neighborhood was sold at 969,000 dollars. What kind of car is going to be parked there? Why was such a high price paid just to park a car?
But if you think it is an exclusive real estate property, it makes sense however expensive it might be because it can be sold at even a higher price. If that is the case, the buy makes money by parking his or her car. A dream parking space, isn’t it?
Enjoy reading the article and think what could become a good investment.
https://edition.cnn.com/travel/article/most-expensive-parking-space-hong-kong-intl-hnk/index.html

No comments:

Post a Comment