Parking spot at luxury Peak development sells for record HK$10.2 million

Hong Kong just can’t stop one-upping itself.

A car park spot at the luxury Mount Nicholson development, located on The Peak, just sold for HK$10.2 million (US$1.3 million)—beating the previous world record set two years ago, also by none other than yours truly.

If you need the math done for you, that’s works out to HK$74,350 (US$9,583) per square foot.

The sale was made by property developers Wharf Holdings and Nan Fung Group, the South China Morning Post reported.

In October 2019, a Hong Kong businessman paid HK$7.6 million (US$970,000) for a parking spot at The Center, a 73-floor building that is among the city’s most iconic skyscrapers.

Overlooking the Victoria Harbor, Mount Nicholson is one of Hong Kong’s most luxurious residential addresses. The development offers 48 “spacious apartment units” and 19 “unique garden houses,” each with a private pool and elevator, according to Nan Fung Group.

The property is home to the three most expensive apartments in Asia, the group’s website states.