image caption The record-breaking parking spot would be located in the ultra-luxury residential development of Mount Nicholson.
A parking space has reportedly been sold for a record $ 1.3 million (HK $ 10.2 million; £ 930,000) in Hong Kong.
C was one of the many spots sold in an ultra-luxury development inns the city's affluent residential area, The Peak, local media reported.
The Mount Nicholson development overlooking the city's Victoria Harbor is home to some of Asia's most valuable homes.
Hong Kong is so crowded that space, whether to live or park a car, can attract a huge premium.
The global financial hub is often at the top of the lists most expensive places to live in the world.
The previous record price for a parking space was also set in Hong Kong, when a space was $ 980,000 in 2019, according to Bloomberg.
Wheelock Properties, which is the sales agent for Mount Nicholson, has not yet responded to a request for comment from Hfrance.fr.
Like manyIts major cities, Hong Kong has also developed a huge speculative market for real estate.
In recent months, its luxury real estate market has seen record transactions as confidence buyers came back with a pandemic slowdown.
In May, a house on the Peak got a record rental price of $ 210,000 per month.
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