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Hong Kong real estate investors pursue parking spaces

Posted on 03 January 2013

The hottest properties in this frenetic city have no walls, windows or even front doors. Forget condos, apartments and homes. Real estate investors are scrambling for parking spaces.
Single slots are now selling for more than some modest Southern California homes. Witness the $288,000 paid in November for a parking place in a luxury apartment complex on Hong Kong Island. Or the $166,000 tab for a spot in a suburban development called Festival City………………………………………..Full Article: Source


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