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# You Could Buy a Condo, a Home, or a lot of things for $1M, or You Could Buy a Parking Space
- URL: https://www.thejanusobserver.com/you-could-buy-a-condo-a-home-or-a-lot-of-things-for-1m-or-you-could-buy-a-parking-space/
- Published: 2019-10-28T12:00:07.000Z
- Updated: 2019-10-28T12:00:07.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, Hong Kong, Parking, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

[Bloomberg - A Parking Space in Hong Kong Just Sold for Almost $1 Million - Shawna Kwan 10/23/19](https://www.bloomberg.com/news/articles/2019-10-24/hong-kong-car-parking-spot-sells-for-eye-watering-1-million?ref=thejanusobserver.com)

*If anyone needed further evidence of Hong Kong’s sky-high real estate prices they found it this week with news that a car parking spot sold for almost $1 million.*

*The space went for HK$7.6 million ($970,000), making it the most expensive place to park an automobile in the city, and perhaps anywhere in the world.*

*The car-parking spot is (in)…The Center in Central, which also happens to be the priciest office tower in the world. For the cost of the parking space, you could buy a one-bedroom apartment in Manhattan.*

Side note, …*the seller was Johnny Cheung Shun-yee, a businessman with a reputation for flipping property. He made around HK$900 million last year in about nine months by buying and selling floors* in the same *office building.*