The Center, 99 Queen's Road Central, Central on 2 November 2017. Photo: Nora Tam

World’s most expensive parking space in Hong Kong changes owners for US$969,000, triple the city’s median home price

  • The transacted price is equivalent to US$7,205 per sq ft for a standard parking space that measures 134.5 sq ft, more than three times Hong Kong’s median home price
  • The seller, logistics heir Johnny Cheung Shun-yee, said he sold the last of his four spots in The Center to someone who owns an office in the same tower
Topic |   Property investment

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The Center, 99 Queen's Road Central, Central on 2 November 2017. Photo: Nora Tam
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.