Office Plot Good News for Neighbors As It Shatters World Record in Hong Kong

It's worth getting a parking fine in Hong Kong, as the tycoons who litter downtown with their Alphards well know, because parking will cost ya. A five-floor public parking lot has, in fact, just set a record as the most expensive plot of commercial land in the world, pound for pound.

Henderson Land Development (HLDCY) paid HK$23.3 billion ($3.0 billion) for the government-owned site. Of course, it's not important at all that you can park there now. What's important is the size of the skyscraper you'll be able to build once you get rid of all the cars. ...671 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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