Property News · July 11, 2018

How the story of North Point housing estate highlights Hong Kong’s property woes


Sun Hung Kai Properties offered a studio unit in North Point last week measuring a mere 286 square feet (26 square metres) for an eye-popping HK$10.25 million (US$1.3 million), four months after a larger apartment set a price record for the east of Hong Kong Island.
The developer’s Victoria Harbour project was rebuilt from the North Point Estate, seven 11-storey blocks of public housing built in 1957 that gave lifts, private kitchens, bathrooms and balconies to residents for the first…

Source : South China Morning Post
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