APARTMENT owners in a prestigious new Mid-Levels development have jumped at the chance to buy a car parking space - even though they cost nearly $1 million each. With space at a premium, the fight for every square foot reached new heights when the ironically-named Jumbo Million International Ltd, the company behind Seymour Road development Goldwin Heights, announced car parking spaces would be sold to flat ownersfor $920,000 each. As there were only 50 spaces available for the 328 flats, the sale took place on a ballot basis. The lucky ones then had to be at the Goldwin Heights site sales office at an allotted time on Friday morning to claim their space - and pay one of the highest prices ever for a parking space. By Friday afternoon, every space had been snapped up. The Sunday Morning Post took the incredible car parking space fee and applied it to the property market in other countries. With the exception of Japan and its notoriously sky-high property prices, $920,000 would buy a flat or house in every other country. In the United States, the average cost of a home is about $100,000 less than the cost of the parking space. The National Association of Realtors, the trade association for residential real estate agents, reported the median selling price for homes in the US in November was US$106,800 (HK$824,500). In Malaysia, Vigers representative Mr Tan Beng Sooi said $920,000 would buy a two-storey semi-detached house in the suburbs, or a double-storey shophouse. And director of Vigers Hong Kong, Mr Terrance Chow Cheung-man, said they had recently sold flats in Toronto, ''in a good location, of an attractive design, and several times bigger than a car parking space'' for $600,000. ''Sometimes we would rather have clients asking us to sell their car parking space in Hong Kong than a beautiful flat in Australia because it's much easier to sell the car parking space,'' Mr Chow said. Japan is the one exception. Richard Ellis spokesman in Tokyo, Guy Cubit, said land prices in the Japanese capital were similar to Hong Kong prices. ''It would be quite impossible to purchase a house or apartment in the Tokyo area for $920,000. For example, the asking price for a new studio apartment in a suburban Tokyo town is 18 million yen [HK$1.24 million]. The size is 21.32 square metres.''