An apartment unit slightly bigger than a standard shipping container sold in Hong Kong for HK$7.86 million (US$1 million) this week, as a survey showed one in four residents in the world’s most expensive city said they do not ever hope to afford owning a home in their lifetime.
The 209-sq ft flat at the Pok Fu Lam neighbourhood on Hong Kong Island sold for HK$37,651 per square foot, a record price for so-called micro-apartments in the city.
Kowloon Development, a mid-sized builder,…
Source : South China Morning Post
Read more…One in four Hongkongers can’t ever afford a home, as a micro flat sells for another record price
