Hong Kong’s developers are shrinking their apartments, as surging prices severely limit the amount of money that first-time buyers and school-leavers can put down on their property, putting all but the smallest units beyond their budgets.
In Sham Shui Po, Kowloon City and Tin Shui Wai, 15 per cent of the 3,300 apartment units in six projects approved for construction will be smaller than 200 square feet (18.6 square metres) in usable area, according to data released by the Buildings…
Source : South China Morning Post
Read more…How small can Hong Kong’s apartments be? This builder is aiming for a record at 123 sq ft
