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Found 12 results

  1. Plan formulated to ensure smooth flow of traffic in city during matches to be played at National Stadium Karachi
  2. BTS is will be giving a free concert in Busan but fans are criticizing the government for the venue
  3. Mercedes-Benz and Bosch have introduced a Level 4 automated valet-parking system called Intelligent Park Pilot
  4. "There are people who charge illegal parking fee and these activities are controlled by hooligans?, says Justice Kalhoro
  5. Administration says they have set up three parking spots near National Stadium, Karachi for spectators
  6. If you live in a metropolitan city, be it anywhere in the world, you know all too well the woes of finding a good parking spot. Finding the G-spot is easier perhaps. Road rage in third world cities is being replaced by parking rage. Neighbours bickering over dripping clothes in their balconies is a thing of the past; these days the only fights are over parking. © Pexels Buying a house is easier than buying a parking spot it seems. We never thought we'd be saying this but the most expensive parking spot in the world costs a whopping one million dollars. The city is New York and the area is Manhattan, one of the most populated spaces in the city. There are 10 parking spots in a luxury condo built by 42 Crosby St. in Manhattan's posh Soho district, and the price of each of the parking spots (that houses a single car) is one million dollar. That's over Rs 6.8 crore. © Twitter/Gerard Baker Ironically, the per square foot cost of the apartments they come with is cheaper. The cheapest apartment is priced at $3,140 per square foot while the parking space below is at $5,000 per square foot. Yep, think twice before buying a second car. The spot is for lifetime and parks a single car. It really is an insane amount to pay for a parking. There is another building in the Hudson Square district in New York that has set the price of parking spots at one million dollars. The building at 15 Renwick St. has 3 parking spots priced at $1 million dollar along that come with the 2 penthouses priced at $7 million and $11 million. Of course, this is the price of the most expensive parking spot in the world and these are luxury spaces meant for the well-heeled who's who of the world. But if you thought this is just a first world phenomena, let us tell you a parking spot in Hong Kong was sold for $760,000, and another for $664,260. And these parking spaces were much smaller (over 150 sq. feet) than the ones in Manhattan.
  7. The entrance of the carpark in the Upton residential building in Hong Kong where a parking space has been sold for an eye-watering HK$5.18 million ($664,200) - AFP HONG KONG: Its property prices are famously sky-high but now a Hong Kong parking space has been sold for an eye-watering HK$5.18 million ($664,200) in what local reports said was a world record. The space is on the first floor at a luxury apartment complex near the harbourfront in the west of Hong Kong Island, according to records from the city's Land Registry. Measuring 188 square feet (17.5 square metres), it was bought by Kwan Wai-ming, an executive director at an investment firm, said the South China Morning Post which called the sale a world record. It tops the HK$4.8 million paid for a parking space last October at another luxury residential complex. The sale comes a month after a Hong Kong tycoon paid US$3 billion for a prime commercial lot in the Central business and shopping district, in another record for the city where property prices have become a political issue. Small businesses are being forced to close due to spiralling rents and many residents cannot afford to buy or rent decent homes, despite a series of measures by the government aimed at cooling runaway prices. Commercial and residential property prices have been fuelled by an influx of money from wealthy mainland Chinese investors and developers. Critics also accuse the government of having cosy ties with developers, rather than prioritising the construction of more reasonable public housing.
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