What is the most expensive parking spot?

A luxury building in Hong Kong just reported selling one of its coveted parking spots for $1.3 million, breaking the world record for most expensive parking spot. In case you are doing the math at home, that breaks down to almost $10,000 per square foot.



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Buyers at 42 Crosby Street who pay $1 million for a parking spot will not actually own it. The condo is selling 99-year licenses for each spot. A license, unlike a deeded parking spot, entitles buyers to use the space as long as they are residents of the building and requires that it be sold in the event of a move.

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Where do rich people park their cars in NYC? They either pay for a parking spot in their building's garage, or a garage nearby. Or if they own a private townhouse, some of those have their own private garage but those are rare.

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Central Park is the most popular park in New York for sure, but there may be another you find is the most beautiful park—it's all in the eye of the beholder. These parks are a must for locals and visitors alike.

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Nose-in angle parking is the easiest parking to drive into, but exiting reverses into traffic.

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Off-street parking: the lots are called Parkplatz, while above-ground parking is called Parkhaus. Underground garages are called Tiefgarage. Parking regulations: on one-way streets, you should park in the same direction as travel. Metered parking spaces use a machine and usually only accept coins.

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The Cities with the Most Top-Rated Car Parks
  • 1 – Boston, Massachusetts. Total 'Excellent' Car Parks per mi²: 0.56. ...
  • 2 – Jersey City, New Jersey. Total 'Excellent' Car Parks per mi²: 0.39. ...
  • 3 – Washington, District of Columbia. Total 'Excellent' Car Parks per mi²: 0.34.


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Reverse parking could save a life Reverse parking is safer than forward parking. In a study by the University of North Texas, researchers found that drivers who reverse their cars are less likely to be involved in an accident than those who leave their vehicles in the same position they parked them in.

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