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SG Record price for parking spaces

Property Here - Monday, June 17, 2013

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By Andrew Batt:

Two adjacent parking spots in an exclusive part of Boston sold for US$560,000 (S$700,000) after a bidding war erupted between two neighbours.

The Boston Globe reported how the spaces, behind Commonwealth Avenue, sold for almost double the average price for a family home in nearby Massachusetts.

The newspaper noted that the spaces come will fully-lined asphalt, stains included.

Highly priced parking spaces are not a new thing in the North American city. The record for a single parking space is US$300,000.

Auctioneer Tim Smith told the newspaper that these are “two prettiest parking spaces I’ve ever seen.

Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg