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17-04-2017, 03:21 PM
200 sq ft = 18.58 sq m
'Nano' flats on the rise as Hong Kong homes shrink amid high property prices
Apartments smaller than 200 sq ft popular in urban districts like Wan Chai, Central and Western, and Sham Shui Po
by Raymond Cheng
PUBLISHED : Monday, 17 April, 2017, 1:30pm
UPDATED : Monday, 17 April, 2017, 1:30pm
Hong Kong homes are getting smaller, with newly built “nano” flats less than 200 sq ft in floor area mushrooming around urban districts like Wan Chai, Central and Western, and Sham Shui Po, according to government housing figures.
The authorities have also forecast that almost half of all flats completed in 2018 will be smaller than 400 sq ft in size.
The trend comes amid a rise in property prices in the city. Four housing price indices by Centaline Properties all hit historical highs this month. The price of a new project, Harbour Glory by Cheung Kong in North Point, not a luxury district, starts at HK$22,000 per sq ft.
A total of 206 nano flats were completed in 2016 out of a total of 15,595 units across the city, making up 1.4 per cent of new apartments, up from just 81 nano units completed in 2013.
More details in http://www.scmp.com/news/hong-kong/econo...h-property
'Nano' flats on the rise as Hong Kong homes shrink amid high property prices
Apartments smaller than 200 sq ft popular in urban districts like Wan Chai, Central and Western, and Sham Shui Po
by Raymond Cheng
PUBLISHED : Monday, 17 April, 2017, 1:30pm
UPDATED : Monday, 17 April, 2017, 1:30pm
Hong Kong homes are getting smaller, with newly built “nano” flats less than 200 sq ft in floor area mushrooming around urban districts like Wan Chai, Central and Western, and Sham Shui Po, according to government housing figures.
The authorities have also forecast that almost half of all flats completed in 2018 will be smaller than 400 sq ft in size.
The trend comes amid a rise in property prices in the city. Four housing price indices by Centaline Properties all hit historical highs this month. The price of a new project, Harbour Glory by Cheung Kong in North Point, not a luxury district, starts at HK$22,000 per sq ft.
A total of 206 nano flats were completed in 2016 out of a total of 15,595 units across the city, making up 1.4 per cent of new apartments, up from just 81 nano units completed in 2013.
More details in http://www.scmp.com/news/hong-kong/econo...h-property
Specuvestor: Asset - Business - Structure.
