1. USS Ronald Reagan, 2. Hamilton Scotts in Singapore, 3. Hotel Ritz in Paris, 4. 66 East 11th Street in New York, 5. Barclays Center in New York, 6. Hong Kong, 7. GM Building in New York, 8. O’Hare International Airport in Chicago, 9. Trafalgar Square in London. Sometimes, taking a car to your point of destination, be it work, school or any other social function, can be such a hassle. You have to endure potential gut-wrenching traffic, tolerate crazy drivers and handle several other unfortunate conditions or events on the road. When you finally get there, you find that parking is another problem. You might end up having to park your car at a considerable distance from your actual destination. When you finally get a parking spot, you will then end up having to pay a ridiculous amount of money just for that space. However, wait until you see some of the most excessive prices paid for by people for their car spaces. Here is a list of the most expensive parking spots in the world.
- USS Ronald Reagan
- Hamilton Scotts in Singapore
- Hotel Ritz in Paris
- 66 East 11th Street in New York
- Barclays Center in New York
- Hong Kong
- GM Building in New York
- O’Hare International Airport in Chicago
- Trafalgar Square in London
USS Ronald Reagan
The most expensive parking spot is probably USS Ronald Reagan. The famous nuclear-powered supercarrier is owned by the US Navy, but if you have the money, you can probably bring your car along for a ride because there is plenty of space on the ship.
The only thing you have to do is buy the entire battleship first and, all legal and military issues left aside, this will cost somewhere around $4.5 billion. On the bright side, though, there is enough room for all your cars and your friends’ vehicles on it.
Although all the cars on the deck look heavy, it is still smooth sailing for the dual nuclear reactor-powered Nimitz class carrier, which displaces 100,000 tons. It may seem incredible, but this is actually a common thing for the Navy and a lot cheaper and easier than transporting the vehicles almost any other way.
Price per year: $4.5 Billion
Video: Adion Chen
Hamilton Scotts in Singapore
The island city-state of Singapore is also one of the busiest places in the world, with a population of more than 5 million people that is growing day by day. Add to that a large number of tourists that visit Singapore every year and you can easily imagine why parking is always a problem in this electrifying city.
Reignwood Hamilton Scotts is an incredible luxurious development in the heart of Singapore, which offers an interesting solution to the parking problem of the city. The 30-story building’s penthouse has a “sky garage” that allows homeowners to park their cars next to the living room no matter which floor they live on. Residents simply drive their cars into a biometrically controlled elevator at the base of Hamilton Parks, which takes the vehicles up through the building and into their living room. If that sounds exciting, you should know that the penthouse and its sky garage will cost you $24 million.
Price per year: $24 Million
Video: GC Privé | Private Office
Hotel Ritz in Paris
Overlooking the Place Vendome and standing among the most luxurious hotels in the world, the 5-star Hotel Ritz reopened in 2016 after a major renovation. And parking your car here is actually free if you own a room, but a room at the hotel will cost you $22,000 a night, and over the period of a year that would amount to 7.9 million dollars.
Price per year: $7.9 Million
Photo: Wikimedia Commons
66 East 11th Street in New York
As you have probably seen by now, the most expensive parking spots in the world are usually in large cities and New York has three entries on this list, the priciest of them being in the center of Greenwich Village, an appealing neighborhood on the west side of Lower Manhattan.
66 East 11th Street is one of the most luxurious and posh addresses in the entire New York, where you can find a spectacular apartment buildings and some of the most beautiful real estate in town. But parking here is very, very expensive, and if you would count the whole year, it will cost you $1 million to park your car here. The private garage at 66 East 11th Street costs six times more than the national average price of a single-family home.
However, for moguls or celebrities, the rare commodity of a Manhattan parking space inside their building, with a curb cut at the street, is a major status symbol and selling point. The space is about 23 feet long, 12 feet wide, and more than 15 feet high. The parking spot could be “duplexed” if the buyers decide to install an elevator lift so they can slide both their two cars in at the same time. The parking spot will have its own deed and sales contract, and be charged for maintenance, just like a condo would.
Price per year: $1 Million
Barclays Center in New York
Built on a platform above the Metropolitan Transportation Authority in Brooklyn, the stunning Barclays Center is actually part of a modern residential and business complex known as Pacific Park. People come here to watch the Brooklyn Nets or the New York Islanders play, but there are also a lot of concerts and other events being held here, which is why this place is packed most of the time.
The owner of the parking spot here is apparently Jay-Z, who made large investments in the arena and then bought the parking areas, charging those who want to park their car here close to a million dollars a year.
Photo: Parking Access
Hong Kong is a global business hub with some of the most expensive real estate in the world. The dense infrastructure and modern architecture make it one of the most vertical cities on the planet and its public transportation system is among the best in the world, developed to cover 90% of the population.
However, getting around the city by car is quite a different matter due to the hustle and bustle, yet there are plenty of parking spots throughout each region and neighborhood. The price to park in the city is around $9,000 and over a one-year period, it can reach even $640,000, so public transport might prove to be a smarter choice if you live here.
Price per year: $640,000
Video: CNN Business
GM Building in New York
New Yorkers are really proud of their city. They consider it the capital of the world. The city is also home to one of the most expensive properties in the world. Located in the heart of Manhattan, on Fifth Avenue, the General Motors Building is one of the most recognized and expensive office buildings in the entire New York. The 50-story tower, designed by Edward Durell Stone & Associates is today a landmark of the Big Apple, which is why the structure is constantly overwhelmed by visitors.
Price per year: $316,800
O’Hare International Airport in Chicago
Airports are usually very busy and when you leave your car in the parking area, it will probably be there for at least a few days. Chicago’s main airport, O’Hare International Airport, is one of the busiest airports in the world, if you count the number of takeoffs and landings and with such an incredible amount of traffic, it’s no wonder that the cost of parking here is going to be quite expensive.
However, the price they ask for would reach $105,761 per year, so instead of leaving your car here, you might as well sell it to the first person you see and buy a new one when you get back.
Price per year: $105,761
Video: Johnny Chan
Trafalgar Square in London
With a huge population of more than 8.3 million people and always packed with tourists, London is one of the busiest cities in the world. It is no wonder that traffic will be a major problem in the city. With traffic problems, parking becomes complicated. A report by CNN states that the average monthly parking rate in the city is over a thousand dollars per month or $1,084 to be exact.
Around Trafalgar Square, the price for parking is $62.25 per day, so if you leave your car there for an entire year, you will have to pay $22,700, which is more than you have to pay for a brand new car.
Price per year: $22,700