An executive in China purchased the world's most expensive parking space in a lot at a local apartment building. Kwan Wai-ming, executive director of Huarong Investment Stock Corp., paid the record price of $664,300 for the parking spot at the Upton apartment complex in Hong Kong.
Kwan's purchase surpassed the previous record of $615,467 for a parking spot at 55 Conduit Road in October 2016.
How much would you be willing to spend to keep a good parking spot?
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