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Clifton parking bay costs R990,000

It's in a neighbourhood where the average home sells for R23 million.

EWN reporter Rahima Essop gives us a size perspective of the R990,000 parking bay in Clifton. Picture: Bertram Malgas/EWN

CAPE TOWN - It's slightly bigger than a king size bed, but for R990,000 you can own a spot in South Africa's richest suburb.

A rooftop parking bay at the upmarket San Michele apartment block in Clifton has gone on the market.

It's in a neighbourhood where the average home sells for R23 million.

So, while the price tag might shock some people, Craig Cockburn of Advance on Point Solutions, a parking management company says it's all relative.

WATCH: Cape Town's most expensive parking bay