A Parking Spot in Hong Kong's Mount Nicholson Development has Sold For $1.3 Million USD

Finding a place to park amid the tangle of Hong Kong's traffic is no small feat: the city's roads are perpetually tangled with traffic, and according to the BBC there's roughly 29 square feet of park space per resident, essentially the size of a coffin. The city's moneyed elite, however, are willing to pay the cost of convenience to land a primo parking spot -- so much so, in fact, that one of them just set a world record by dropping a stunning $1.3 million USD on a single parking space in the c...