Compared to the average for residential property in Hong Kong, which stands at 15,600 HKD ($2,000) per square foot across the city as a whole and 16,350 HKD ($2,084) per square foot in Kowloon, the price paid for the parking space is significantly higher.
While it is higher than the average going rate of 25,248 HKD ($3,217) per square foot for a very small flat, it is at least lower than the cost of a luxury apartment in the same area which can cost over 50,000 HKD ($6,370) per square foot.
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