•   
  •   
  •   

Money A Hong Kong couple bought a single parking space for $560,000 and flipped it for $989,000 in just 9 months

07:26  06 june  2018
07:26  06 june  2018 Source:   businessinsider.com

Royal Bank Of Canada Becomes Latest Business To Refer To Taiwan As Part Of China

  Royal Bank Of Canada Becomes Latest Business To Refer To Taiwan As Part Of China china_a_23445287/

Nine months after buying the space , the couple has resold it , making a 0, 000 profit. The price for the 16.4 x 8.2 foot spot exceeds the previous most expensive parking space in Hong Kong .

A single parking space in Hong Kong resold for HK million (0, 000 ), setting a new property world record. A Hong Kong couple bought a single parking space for 3, 000 and flipped it for 0, 000 in just 9 months .

Hong Kong© Provided by Business Insider Hong Kong

A single parking space in Hong Kong that was bought for C$560,000 less than a year ago was just resold for HK$6 million (C$989,000), setting a new property world record.

The parking space at the luxury Ultima project located in the Kowloon district was initially bought in September 2017 by a local couple for HK$3.4 million ($560,000), according to land registry documents seen by the South China Morning Post.

Nine months since buying the space, the couple just resold the spot for HK$6 million (C$989,000), turning a HK$2.6 million (C$428,000) profit.

The 16x8 foot parking spot equals out to roughly HK$44,444 ($5,600) per square foot, nearly three times the average per square foot of a residential property in Hong Kong, which is one of the priciest places in the world.

Couple helps child 'soaked in sweat' escape hot car in Hamilton Walmart parking lot

  Couple helps child 'soaked in sweat' escape hot car in Hamilton Walmart parking lot Couple helps child 'soaked in sweat' escape hot car in Hamilton Walmart parking lotMonique Mead said she and her fiancé pulled into the parking lot of the Walmart at the Upper James Supercentre around 5:40 p.m. and found a boy locked in a car and "soaking wet from head to toe in sweat.

433, 000 # and # flipped # it # for #0, 000 A single parking space in Hong Kong that was bought for 0, 000 less than a year ago was just resold for 0, 000 . Bluegrass Encore ~ THE OCOEE PARKING LOT BLUEGRASS JAM - Продолжительность: 46:31 vivatones66 19 303 просмотра.

A single parking space in Hong Kong that was bought for 0, 000 less than a year ago was just resold for HK million (0, 000 ), setting a new property Nine months since buying the space , the couple just resold the spot for HK million (0, 000 ), turning a HK.6 million (0, 000 ) profit.

"The development is in a luxury residential area. The residents have a lot of cash and simply do not care about a few million dollars when a flat there costs about C$16.5 million (HK$100 million)," Sandia Lau, a director at Centaline Property Agency, told the Post. "Their convenience is more important."

Ultima now tops of the list of most expensive places in the world to park a car. In April, a car space in the complex was rented out for HK$10,000 ($1,274) a month, making it the city’s most expensive rented car park. The Ultima project has only 370 car spaces for its 527-units, which caused the prices of parking spaces to increase substantially.

Hong Kong has broken several world records as the price of real estate continues to skyrocket. In November, two of the most expensive apartments in Asia sold for a combined HK$1.16 ($149 million) to a single buyer.

Cape Breton resident charged with assaulting man with ATV

  Cape Breton resident charged with assaulting man with ATV Witnesses at the Glace Bay Sterling Mall on Monday told police an ATV struck a man walking through the parking lot and then drove away. Cape Breton Regional Police said they responded to reports of the collision Monday at approximately 3:30 p.m. at Sterling Mall.

A single parking space in Hong Kong that was bought for 0, 000 less than a year ago was just resold for 0, 000 . A local couple initially bought the spot in the luxury Ultima complex in 2017 and resold it nine months later for nearly double that, setting a new property world record.

A single parking space in Hong Kong that was bought for 0, 000 less than a year ago was just resold for $ 760 , 000 . A local couple initially bought the spot in the luxury Ultima complex in 2017 and resold it nine months later for nearly double that, setting a new property world record.

NOW WATCH: Take a look inside this avocado-only restaurant

Check out our currency converter here

Robbie Williams turns heads with gesture during pre-World Cup set .
British singer Robbie Williams had social media aflutter Thursday when he flipped off a global TV audience in the opening ceremony of the World Cup. The post Robbie Williams turns heads with gesture during pre-World Cup set appeared first on Sportsnet.ca.MOSCOW — British singer Robbie Williams had social media aflutter Thursday when he flipped off a global TV audience in the opening ceremony of the World Cup.

—   Share news in the SOC. Networks
This is interesting!