Published:
'Nano' flats make it big as property prices surge
These flats measure below 200 sg ft.
South China Morning Post reported that Hongkongers are feeling the squeeze as new “nano” flats measuring less than 200 sq ft are mushrooming around urban districts such as Wan Chai, Central and Western and Sham Shui Po, according to official figures.
The government has also forecast that nearly half of all flats completed next year will be smaller than 400 sq ft in size.
Developers are building smaller homes while prices continue to soar. Four housing price indices by Centaline Properties hit historic highs this month.
View the full report here.
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