Record price for parking spaces

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.

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