{"id":83207,"date":"2018-03-20T19:30:00","date_gmt":"2018-03-20T12:30:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-hongkongers-cant-ever-afford-a-home-as-a-micro-flat-sells-for-another-record-price\/"},"modified":"2018-03-20T20:07:13","modified_gmt":"2018-03-20T13:07:13","slug":"one-in-four-hongkongers-cant-ever-afford-a-home-as-a-micro-flat-sells-for-another-record-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-hongkongers-cant-ever-afford-a-home-as-a-micro-flat-sells-for-another-record-price\/","title":{"rendered":"One in four Hongkongers can\u2019t ever afford a home, as a micro flat sells for another record price"},"content":{"rendered":"<p>&#013;<br \/>\nAn 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\u2019s most expensive city said they do not ever hope to afford owning a home in their lifetime.<\/p>\n<p>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.<\/p>\n<p>Kowloon Development, a mid-sized builder,&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2138095\/one-four-hongkongers-cant-ever-afford-home-micro-flat-sells\" target=\"_blank\">One in four Hongkongers can\u2019t ever afford a home, as a micro flat sells for another record price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; An apartment unit slightly bigger than a standard shipping container sold in Hong Kong for&#46;&#46;&#46;<\/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-83207","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-lE3","jetpack-related-posts":[{"id":124665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/omicron-cantopop-star-joey-yung-sells-hong-kong-flat-at-a-loss-leading-an-exodus-from-property-market-amid-citys-covid-19-surge\/","url_meta":{"origin":83207,"position":0},"title":"Omicron: Cantopop star Joey Yung sells Hong Kong flat at a loss, leading an exodus from property market amid city\u2019s Covid-19 surge","date":"February 22, 2022","format":false,"excerpt":"\r Canto pop star Joey Yung has sold her flat in Causeway Bay at a loss of about HK$1.1 million (US$140,966), according to sources familiar with the deal, joining a wave of Hongkongers selling their homes for a loss as they flee the city\u2019s worsening Covid-19 situation.The one-bedroom 465 sq\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-funded-home-sells-for-record-hk9-million-in-shau-kei-wan\/","url_meta":{"origin":83207,"position":1},"title":"Hong Kong government-funded home sells for record HK$9 million in Shau Kei Wan","date":"July 16, 2019","format":false,"excerpt":"\r A 650 sq ft apartment in Hong Kong\u2019s Shau Kei Wan neighbourhood has sold for HK$9 million (US$1.15 million), according to the city\u2019s Housing Authority, making it the city\u2019s most expensive second-hand government-funded residential unit.The three-bedroom apartment in Tung Yuk Court broke a record set by a similar sized\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123773,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-spent-a-record-us4-5-billion-to-buy-lived-in-subsidised-homes-amid-soaring-private-flat-prices\/","url_meta":{"origin":83207,"position":2},"title":"Hongkongers spent a record US$4.5 billion to buy lived-in subsidised homes amid soaring private flat prices","date":"December 13, 2021","format":false,"excerpt":"\r Hong Kong sales of lived-in subsidised homes rose to a record HK$34.9 billion (US$4.5 billion) for the first 11 months, as buyers rush for cheaper alternatives amid a surge in private home prices that have pushed them beyond general affordability.The transaction value of lived-in flats under the Home Ownership\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-ranks-no-1-in-hong-kong-micro-flat-sales-in-first-half-beating-other-developers-by-wide-margin\/","url_meta":{"origin":83207,"position":3},"title":"Henderson Land ranks No 1 in Hong Kong micro flat sales in first half, beating other developers by wide margin","date":"August 1, 2019","format":false,"excerpt":"\r Henderson Land Development has emerged as Hong Kong\u2019s largest developer of \u201cmicro flats\u201d in the first half, underscoring the popularity of cheaper housing among investors and those seeking to get a start on the housing ladder.\r\rHenderson, owned by Hong Kong billionaire Lee Shau-kee, sold 351 micro flats, typically defined\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sandwich-class-flat-in-tsing-yi-sells-for-record-us1-2-million-as-hong-kong-homebuyers-get-desperate\/","url_meta":{"origin":83207,"position":4},"title":"\u2018Sandwich class\u2019 flat in Tsing Yi sells for record US$1.2 million as Hong Kong homebuyers get desperate","date":"May 7, 2019","format":false,"excerpt":"\r Hong Kong homebuyers, desperate to get their hands on property after a short-lived price correction, are chasing real estate in an obscure segment of the market as a bull market takes hold.On Monday, a 706 square feet flat at the 24-year-old Tivoli Garden in Tsing Yi, New Territories, was\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-public-housing-flat-sells-for-record-hk5-26-million\/","url_meta":{"origin":83207,"position":5},"title":"Hong Kong public housing flat sells for record HK$5.26 million","date":"July 2, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property market continues to make waves in these turbulent times.A 598 square feet flat at Fung Tak Estate in Wong Tai Sin, Kowloon, has been sold for HK$5.26 million (US$674,000), making it the most expensive public rental housing unit in Hong Kong, according to data from the\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83207"}],"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=83207"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83207\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=83207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=83207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=83207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}