Hong Kong’s first-time homebuyers, priced out of prime locations in the world’s priciest residential market, are casting their eyes to the city’s public housing estates in blue-collar neighbourhoods, driving up the prices of subsidised homes which were previously reserved for low-income households.
A 30-year-old studio unit measuring 150 square feet (14 square metres) at the Cheung On Estate in Tsing Yi in the New Territories has been advertised for HK$3.2 million (US$408,000…
Source : South China Morning Post
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