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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

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'. Subscribe