Tiny public housing units in Hong Kong, commonly being called “nano flats”, some smaller than car a parking space, are selling like hot cakes and at record high prices, as the city continues to struggle to create enough affordable housing.
And agents warn prices are set to rise even higher, due to limited supply.
A standard Hong Kong car parking spot is 135 square feet.
Examples of some of the crazy prices being paid for tiny spaces in the city include a 121 square foot…
Source : South China Morning Post
Read more…‘Nano’ public housing units being sold at record high prices
