Property News · June 3, 2020

In recession squeeze, rents are converging for Hong Kong’s micro flat and subdivided lots


Rents on tiny flats in some of Hong Kong’s chic property developments are sliding towards the rates on the city’s notorious subdivided flats as landlords concede more ground in a recession-hit economy, according to property agents.At least 10 such projects completed in recent few years have had flats leased out at or below HK$10,000 (US$1,290) a month since the beginning of this year, as rising unemployment and campus closures hurt demand for housing from young professionals and foreign…

Source : South China Morning Post
Read more…In recession squeeze, rents are converging for Hong Kong’s micro flat and subdivided lots

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