The World’s Most Expensive Parking Spots

As the number of cars being produced and individually owned continues to increase, so is the need for parking spots and spaces everywhere. This is especially the case in towns and large cities.  Here, you’ll mostly spend more time looking for places to park your car than you will drive the car. What this means is that each day, more rooms for cars are needed. 

With that, many parking spots around the world continue to increase their parking spot fee as there are more people in need of car parking spots. Today, we look into some of the most expensive parking spots worth more than most houses in no particular order.

1. Hong Kong’s Mount Nicholson Development

Hong Kong is the largest business hub in the world and also one of the planet’s most populated places in a city with limited land. Hong Kong has one of the densest infrastructure and modern architecture, making it one of the most vertical cities on the planet. 

Even though Hong Kong has one of the best public transport, travelling through the city by car is quite challenging. There are several parking spots in the city, still, the price to park a car in Hong Kong is $9,000 and over a period of a year, it can reach $640,000.

Today in HK, owning a parking spot is a lucrative business as one of them is Hong Kong’s Mount Nicholson Development which sold for $1.3 million.

2. Barclays Center In New York

The Barclays Center in New York is built above the Metropolitan Transportation Authority in Brooklyn. It is part of a modern business and residential complex known as Pacific Park. People go here to watch the Brooklyn Nets or the New York Islanders play and other events being held here.

The parking spot here is owned by Jay-Z who made large investments in the arena and afterwards purchased the parking areas. Here, to leave your car, you’ll pay up to $1 million per year.

3. USS Ronald Reagan

The USS Ronald Reagan is a renowned nuclear-powered supercarrier owned by the US Navy. The place has areas where cars can be parked if you come along to the ship with your car. All you’ll have to do is buy the entire battleship first and, without mentioning all the legal and military issues, this will cost about $4.5 billion to park here. 

On the bright side, it has sufficient space for cars and vehicles of as many people as possible.

4. Hamilton Scotts in Singapore

The island city-state of Singapore is another of the world’s busiest places, with a population of over 5 million that’s growing day after day. With the number of tourists that come to Singapore every day, parking space becomes another problem faced in this mega city.

Well, Reignwood Hamilton Scott is a luxurious parking spot in Singapore that offers an interesting parking solution to the city’s parking problem. To be able to park in the “sky garage” of the penthouse inside Hamilton Scott, will cost you about $24 million.

5. Hotel Ritz in Paris

Paris, France is one of the most visited tourist locations globally. In Paris, you have the taste of both luxury and exclusivity as it’s infused into every aspect of the city’s dealing.

In Paris is the luxurious hotel, Hotel Ritz. Parking your car here is only free when you are renting a room (which is about $22,000 per night). But, if you are not, getting a parking spot, it’ll cost you about $7.9 million a year.

Conclusion

There are several other expensive parking spots in the world but the above-listed are among the most expensive ones you can ever find around.