{"id":122656,"date":"2021-10-19T07:30:14","date_gmt":"2021-10-19T00:30:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers\/"},"modified":"2021-10-19T09:03:22","modified_gmt":"2021-10-19T02:03:22","slug":"hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers\/","title":{"rendered":"Hong Kong\u2019s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers"},"content":{"rendered":"


\nA real estate bull market in Hong Kong, the world\u2019s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose to HK$25,512 per square foot in the first nine months of 2021, according to Midland Realty\u2019s data. That made the smallest homes more expensive than the HK$21,680 per sq ft average price of the typical\u2026
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\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A real estate bull market in Hong Kong, the world\u2019s most expensive major city for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122656","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vUk","jetpack-related-posts":[{"id":104851,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-first-home-buyers-snap-up-hendersons-vantage-flats-in-hung-hom-giving-respite-to-declining-property-prices\/","url_meta":{"origin":122656,"position":0},"title":"Hong Kong\u2019s first-home buyers snap up Henderson\u2019s Vantage flats in Hung Hom, giving respite to declining property prices","date":"March 9, 2019","format":false,"excerpt":"\r Hong Kong\u2019s weekend property buyers are back, as more than 2,000 people thronged a sales office to bid for 246 flats offered by Henderson Land Development in Hung Hom.The selling price of Henderson\u2019s Vantage project starts from HK$3.83 million for the smallest 170 square feet unit, to HK$8.57 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-blight-of-nano-flats-will-withstand-minimum-size-rule-as-affordability-remains-the-top-barrier-in-the-worlds-priciest-city\/","url_meta":{"origin":122656,"position":1},"title":"Hong Kong\u2019s blight of nano flats will withstand minimum-size rule as affordability remains the top barrier in the world\u2019s priciest city","date":"December 31, 2021","format":false,"excerpt":"\r Hong Kong\u2019s notoriously tiny flats are likely to endure and withstand the minimum size ordered by the city authorities, as affordability remains the biggest challenge for many first-home buyers struggling to get on the first rung of the property ladder.The 280-square feet (26 square metres) minimum stipulated this week\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tiny-flats-9pc-pricier-than-larger-homes-per-sq-ft\/","url_meta":{"origin":122656,"position":2},"title":"Hong Kong\u2019s tiny flats 9pc pricier than larger homes per sq ft","date":"August 29, 2017","format":false,"excerpt":"\r Hong Kong\u2019s second-hand tiny flats are 9 per cent more expensive than larger ones on a per square foot basis, as record-high home prices and government cooling measures have created a mismatch between supply and demand. The average per square foot price of second-hand flats smaller than 400 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-public-rental-flats-no-longer-the-bargain-they-once-were-as-private-sector-prices-spill-over\/","url_meta":{"origin":122656,"position":3},"title":"Hong Kong\u2019s public rental flats no longer the bargain they once were as private sector prices spill over","date":"July 7, 2019","format":false,"excerpt":"\r Buying a lived-in public rental home used to be a cheaper option for Hongkongers wanting to get onto the city\u2019s famously steep property ladder.That may not be the case for much longer as soaring prices in the private sector spill over to government-subsidised homes.On Tuesday, the market was shocked\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-higher-mortgage-cap-deters-at-least-one-developer-from-building-micro-flats-as-buyers-can-now-afford-larger-homes\/","url_meta":{"origin":122656,"position":4},"title":"Hong Kong\u2019s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes","date":"November 20, 2019","format":false,"excerpt":"\r The boom in Hong Kong\u2019s micro-apartments appears to be over, as the first easing in mortgage entitlements in a decade has helped buyers to afford larger homes, causing at least one developer of shoebox-sized property to quit the market.Micro-apartments, defined as those smaller than 200 square feet (18.6 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82991,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-first-home-offer-of-2018-poised-to-sell-out-as-buyers-snap-up-wheelocks-malibu-flats\/","url_meta":{"origin":122656,"position":5},"title":"Hong Kong\u2019s first home offer of 2018 poised to sell out as buyers snap up Wheelock\u2019s Malibu flats","date":"March 17, 2018","format":false,"excerpt":"\r Wheelock & Co., which last week kicked off Hong Kong\u2019s first sale of residential property this year, is poised to extend the success of its campaign for the second week running. A fourth batch of the developer\u2019s Malibu apartment complex at Lohas Park in Tseung Kwan O, totalling 160\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122656"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122656"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122656\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}