The world’s least affordable city also has the least affordable parking.

A Chinese businessman has paid $664,300 for a parking spot in Hong Kong, according to the South China Morning Post.

The 188-square-foot space – which is only a little bit bigger than your standard parking spot – is located on the first floor of a swanky apartment complex.

Kwan owns two apartments in the building and the first-floor locale will protect his  car from Hong Kong’s occasional typhoons. He previously spent almost a million dollars for two other parking spots in the same building.

In 2017, Hong Kong was named the world’s most expensive place to live for the seventh year in a row.