About: http://data.cimple.eu/news-article/b8f4bbe8ecd79539c0a5406eb6172dd0bb3affe716537780165caa2d

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About: http://data.cimple.eu/news-article/b8f4bbe8ecd79539c0a5406eb6172dd0bb3affe716537780165caa2d Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	A single car parking space has been sold for a whopping HK$10 million ($1.3 million) at a luxury Hong Kong apartment complex, local media reported on Friday. The 12.5 square-metre (135 square-foot) spot is part of a development on The Peak, a swanky area that has attracted some of the city's richest residents since colonial times. Boasting breath-taking views over Victoria Harbour, the hilltop has eye-watering property prices -- including some of the world's most expensive real estate. While Hong Kong's wealthy think nothing of dropping millions of dollars for their homes, millions of the city's residents struggle to afford the rent on shoe-box apartments -- many smaller than the parking space. A 2019 report by UBS said a "skilled worker" needed 22 years of income to afford a 60-square-metre flat, up from 12 years a decade ago, with salaries staying largely the same since 2008. Another study from the same year listed the average property price in Hong Kong at $1.2 million. The luxury property market has rebounded following a period of uncertainty around growing political unrest in the city, and appears to have weathered the economic impact of Covid-19. This year, a 3,378-square-foot penthouse sold for US$59 million, setting a new benchmark for price per square foot at $17,500. ssy/hg
schema:headline	Parking lots: Car space sells for $1.3m in Hong Kong
schema:mentions	UBS Hong Kong City Coronavirus disease 2019 Victoria Peak Skilled worker Victoria Harbour
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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