3.6 million expensive parking spaces in Manhattan Hill parking lot
According to the Land Registry, the number one parking space on the 2nd floor of Manhattan Hill in Lai Chi Kok was sold at 3.6 million yuan on the 22nd of last month. The original owner invested 880,000 yuan in the market in 2010, earning 2.72 million yuan (about 3.1 times) in about 9 years. Hong Kong Property Manager Lin Guixin pointed out that the current monthly parking space of Manhattan Hill is about 4,000 yuan, which means that buyers only enjoy a return of about 1.3%. As for the sale of the parking spaces in the same housing estate, there are still less than 10, and the most flat asking price is about 4 million yuan.