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What One Car Parking Space in Hong Kong Can Buy Around The World

By Sophie Pettit 28 October 2016

Headlines have revealed a new record for Hong Kong's frivolous money spending ways. Deemed 'the address to impress', luxury property development 55 Conduit Road is now home to the city's most expensive car parking space, checking in at an unbelievable HK$4.8 million for a mere 137 square feet. That someone would fork out such an extortionate amount of cash for the spot signals one thing to us - this city is losing its mind when it comes to property. To bring the point home, let's take a look at what HK$4.8 million can buy you across the globe.

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Western Cape, South Africa

South Africa That car parking space doesn't seem so great now, does it? Boasting 6 bedrooms, 7 bathrooms, lavish living and dining areas, and a separate flatlet - not to mention rolling lawns, a private pool, and numerous outdoor seating areas - this South African home is something else. Nestled amongst the picturesque Cape mountainside flora, with views to Table Mountain, the Cape of Good Hope, and the Hottentots Holland Mountains, 55 Conduit Road doesn't stand a chance. How much: $4,788,979 (converted from USD) Contact: Sotheby's 

Lisburn, Northern Ireland

Ireland Manor Northern Ireland is our next port of call, due to the lure of this detached, 5-bedroom villa on the outskirts of Lisburn. In addition to almost an acre of private land, this Irish retreat has panoramic country views to win you over. Plus, when you're in need of the city experience, Belfast is just minutes away in the car. How much: $4,722,687 (converted from GBP) Contact: Property News

Hawaii, USA

Hawaii You had us at 'aloha'. Forget the car parking space (and the car too) because we're jetting off to Hawaii! It's difficult to think of a reason not to when this beautiful plantation house, complete with koa and avocado trees, is calling. Wake up every morning to sea views, tend to your garden, and then head down to the beach for a swim - could life be any more ideal? Plus, this vintage property has just been treated to an interior makeover which means it's just as perfect inside as it is out. How much: $4,768,894 (converted from USD) Contact: Sotheby's

Rusutsu, Japan

Japan Without a doubt the coolest property on our list, this three-year-old ski chalet in the upcoming Rusutsu Ski Resort in Japan is one for the snow babies. After a long day on the slopes, you can fire up the wood stove, kick back on the outdoor deck, and admire the double height ceilings. Plus, with a price tag way below our $4.8 million budget, this gorgeous Japanese property leaves a cushy $750,000 to splurge on the latest winter gear. Hello designer skis! How much: $4,054,783 (converted from JPY) Contact: Niseko Real Estate

Queensland, Australia

Australia From the Japanese mountain tops to a land down under, Australia is the setting of this beautiful 4-bedroom oasis. High ceilings, a gourmet kitchen, and a covered entertaining area overlooking the private swimming pool are just a handful of the alluring attractions flaunted by this Queensland property. And to top it all off, it's only a 20-minute drive from the coast too. Life's a beach! How much: $4,410,838 (converted from AUD) Contact: RE/MAX

Texas, USA

Texas Well howdy indeed. Guess how many cars you can park in the sprawling 4.357-acre grounds of this Texan ranch? A casual 1,385. Now throw 6 huge bedrooms, 6 luxurious bathrooms, granite kitchen surfaces, soaring ceilings, outdoor terraces, and multiple living and dining areas into the mix, and still you're left with over $500,000 to spare. Goodbye y'all, we're off to Texas! How much: $4,256,808 (converted from USD) Contact: Luciano Aires
Read more! Find out what's on in The Weekend Ahead.

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Sophie Pettit


Sophie is always on the lookout for a great story and her next big adventure and loves nothing more than discovering the city’s hidden gems—and most delicious cocktails. When she’s not exploring new places, she’s off travelling and ticking countries off her bucket list.