Buy an apartment? Better to buy a parking space.


Rather than invest in real estate, Hong Kong residents are investing in parking spaces.

HONG KONG (Reuters) - Esther Fan’s nest egg is tucked away in an old residential complex on the outskirts of Hong Kong - two parking spaces in a dimly-lit lot alongside dozens of luxury cars and a Mini Cooper with fake eyelashes on its headlights. Her parking spots...have more than doubled in value in the past 18 months, with one surging to HK$1.6 million ($203,850.22) from HK$720,000.


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