Buyer of world-record US$760,000 parking space is boss of Hong Kong financial company
One of the Hong Kong residents who spent a jaw-dropping HK$6 million (US$760,000) on the world’s most expensive parking space has been identified as the head of a financial company in the city.
Jack Chan Siu-kit and Cheung Tsui-ling are the mystery buyers of the parking bay at the Ultima luxury residential development in Ho Man Tin, according to data released by the Land Registry on Wednesday.
The pair forked out HK$44,444 per square foot for the space this month, handing the Hong Kong couple who had bought it last September a quick HK$2.6 million profit.
Chan is the chairman of the board and executive director of Pan Pacific Financial Holdings, according to the websites of Chinese state news agency Xinhua and the Internet Professional Association. However, a search by the South China Morning Post found no record of the firm at the Companies Registry or the public register of the Securities and Futures Commission, Hong Kong’s financial regulator.
