Property News · October 2, 2016

Tiny flats spring up in Shenzhen amid soaring home prices


Property developers in Shenzhen are copying Hong Kong companies in building ever smaller apartments, even as prices soar, in order to lower the overall prices of real estate for first-time buyers.
Jiu Yunzhu, a new project developed by a major Shenzhen developer Logan Property, in the city’s northeastern district, features 2,393 apartment units measuring between 35 square meters (376 square feet) to 62 square meters.
It’s the smallest apartment ever designed by Logan and is…

Source : South China Morning Post
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