Hong Kong Parking Space Sells for $1.3M

(Hong Kong) -- A wealthy driver in Hong Kong is shelling out one-point-three-million dollars for an exclusive parking spot.  

The record price is for a reserved space in an ultra-luxury neighborhood overlooking Victoria Harbour.  

A prized parking spot draws a huge premium in the crowded city of Hong Kong, which is one of the world's most expensive places to live.  

The previous record price for a parking space was 980-thousand dollars, which was set in 2019 also in Hong Kong.