Property News · June 5, 2018

Hong Kong couple earn a US$330,000 profit in nine months … by reselling a parking space


A Hong Kong couple pocketed a staggering HK$2.6 million (US$330,000) profit by reselling a car parking space in less than nine months after buying it.
The single parking bay at Sun Hung Kai Properties’ Ultima apartment complex in the Kowloon district set a new world record on Monday, changing hands for HK$6 million (US$760,000), or HK$44,444 per square foot.
The seller, a Hong Kong couple, had paid HK$3.4 million for it in September 2017, according to Land Registry documents.
The price…

Source : South China Morning Post
Read more…Hong Kong couple earn a US0,000 profit in nine months … by reselling a parking space

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