North Point Cosmic Court mini parking space 1 million change hands
Carpark No. 8 at the base of the Cosmic Court, 18 to 26 Jianhua Street, North Point, was auctioned through the Central Asia Auction House. The price was 1 million yuan and was finally purchased by the buyer at that price. The parking space was sold for a monthly lease of $3,200 and the rental return was about 3.8 per cent. The original owner bought it at 670,000 yuan in February last year, and the profit of holding the goods for more than one and a half years was 330,000 yuan, an increase of 49.3%. It is understood that the above parking spaces are narrower than normal, so they are half lower than the market value of other parking spaces in the same floor of 2 million yuan.