HONG KONG — HONG Kong investors are snapping up car parking spaces, raising fears of a bubble being created after government moves to cool soaring property prices last month drove speculators to seek new options.One investor had put a total price tag of HK$100m ($12.9m) on 34 parking spaces in a commercial building near Western, said Sean Tsoi, a dealer at property development and investment agency AGW Holdings, referring to an area just five minutes by car from the heart of Hong Kong’s financial district.The average price for each space in the building was about HK$3m, higher than the cost of a small apartment in some areas of Hong Kong, home to the world’s most expensive residential and retail property."Car parks have become a new hot item," said Hanson Lam, senior property consultant at Midland Realty. "They’re overpriced and I worry there might be a bubble."Mr Lam said prices of parking spaces had jumped 20%-30% since the government’s latest property curbs last month.Developers ...

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