$200,000 for a parking space? It gets more expensive
We all know how expensive it is to get a car in Singapore.
In other countries, however, the car itself might be the cheapest part of the investment.
It's parking it that costs a bomb.
Underground parking spaces in Beijing apartment buildings are now going for up to 1 million yuan (S$200,000), reported Quartz.
But that's not even close to some of the most expensive parking spaces in the world.
Here are the mind-numbing price tags of three other parking spaces around the world from recent years.
1. New York City, US$1 million (S$1.25m) in 2012
The Manhattan parking space at 66 East 11th Street is about 3.6m wide, 7m long and more than 4.6m high. It went on sale in 2012, reported New York Post.
Back then, the developer said: “The reality of New York City is that people are willing to pay more for a parking spot than the average person in the country pays for a home.”
2. Hong Kong, US$640,000 (S$800,000) in 2012
This slab of concrete is about 2.4m by 4.9m, reported CNN.
Mr Jacinto Tong owns two such spaces. He said in 2012: "People don't mind paying more. But I'm not eager to sell."
3. Boston, US$560,000 (S$700,000) for two spaces in 2013
This crumbling strip of asphalt in Back Bay is nothing to look at. It's not even in a building or garage.
The pair of tandem parking spaces are lined by weeds and a brick wall on one side.
Bidding in 2013 began at US$42,000, reported Boston Globe. The previous owner paid $50,000 for them in 1993.
Source: Quartz, Mail Online, New York Post, CNN, Boston Globe