Hong Kong’s notoriously tiny flats are likely to endure and withstand the minimum size ordered by the city authorities, as affordability remains the biggest challenge for many first-home buyers struggling to get on the first rung of the property ladder.The 280-square feet (26 square metres) minimum stipulated this week on new projects built on government land would wipe out many flats priced below HK$6 million (US$769,400), which are eligible for up to 90 per cent mortgage financing, pushing…
Source : South China Morning Post
Read more…Hong Kong’s blight of nano flats will withstand minimum-size rule as affordability remains the top barrier in the world’s priciest city
