June 06, 2021 - 12:00pm | By Kyle Cornell
(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.
