Property News · October 26, 2017

Nano flats expected to flood the Hong Kong market as first-time buyers continue to struggle to take first step onto the property ladder


At least 2,100 nano flats are expected to be completed between now and 2020 in Hong Kong, to lure more young homebuyers into getting their first foot on the property ladder in the world’s most expensive housing market.
The new supply of the flats (classed as saleable areas below 200 square feet in size) will amount to an average of 510 units per year between 2017 and 2020, up from 151 units per year between 2014 and 2016, according to a latest report by global property agency, JLL.
The…

Source : South China Morning Post
Read more…Nano flats expected to flood the Hong Kong market as first-time buyers continue to struggle to take first step onto the property ladder

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