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HongKong: Sky’s the limit for property prices

Posted on 18 December 2012

As one of the mostly densely-populated cities in the world, Hong Kong apartments are famously small and wildly expensive – an influx of buyers from mainland China has seen house prices skyrocket.
News late last month that an individual car parking space has sold for HK$1.3 million (€130,000) raised barely an eyebrow in a territory increasingly resigned to hair-raising stories from the world of real estate. This treasured parking spot was located in the New Territories area, Hong Kong’s hinterland, not even downtown……………………………………..Full Article: Source


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