Parking spot in Hong Kong goes for $664,300

The spot, located in the ritzy Upton apartment complex in western Hong Kong, is only 188-square-feet. That’s slightly bigger than a regular parking space anywhere else, about four times the size of a king-size bed and one-fifteenth the size of a tennis ... ( read original story ...)

Hong Kong parking space sold for $664,000

But what does he park in it? A business executive paid $664,000 for a parking space in his ritzy Hong Kong apartment building, according to property records, setting a new record for the city by $50,000. The South China Morning Post reports that Kwan Wai ... ( read original story ...)

Hong Kong Follows Fed With Hike in Threat to Property Boom

Local banks have been reluctant to pass on higher costs Hong Kong’s de facto central bank followed the Federal Reserve and boosted interest rates for a third time since December, elevating the risk of a selloff in the world’s priciest housing market. ( read original story ...)

Prized Hong Kong parking space sold for record US$664,000

Its property prices are famously sky-high but now a Hong Kong parking space has been sold for an eye-watering HK$5.18 million (US$664,200) in what local reports said was a world record. The space is on the first floor at a luxury apartment complex near the ... ( read original story ...)

Hong Kong Stock Rally Seen Immune to Currency Drop, for Now

City’s pegged currency has declined most in Asia this year Hang Seng stock index has rallied 18% amid ample liquidity The Hong Kong dollar may be sliding into the weak end of its trading band, yet money managers see no reason for stock investors to turn ... ( read original story ...)