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City of shrinking homes: Hong Kong struggles to ease housing crisis
As developers race to build ever smaller homes, Hong Kong is struggling to ease its most pressing issue - housing
When it comes to high housing prices worldwide, Hong Kong reigns supreme. Now, it is poised to take the crown for coming up with some of the tiniest living spaces globally as well.
The rise of elfin units, typically under 200 sq ft each, comes amid a 23-month surge in property prices - the longest for a property bull market in 25 years.
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A version of this article appeared in the print edition of The Straits Times on April 24, 2018, with the headline City of shrinking homes: Hong Kong struggles to ease housing crisis. Subscribe
