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20-06-2017, 02:33 PM
As Hong Kong Flats Shrink, Developers' Coffers Swell
by Alfred Liu , Fion Li , and Paul Panckhurst
June 20, 2017, 5:00 AM GMT+8
Sometime later this year, Hong Kongers may be able to pay for the privilege of living in apartments so small they’re comparable to prison cells.
Then, a local developer is due to start signing tenants for a project in the Happy Valley district where most flats could have a “usable floor area" of about 61 square feet, or 5.7 square meters, according to a pre-construction filing with the Buildings Department.
That’s slightly less space than Stanley Prison, a 30-minute drive across the Hong Kong island, affords its inmates.
More details in https://www.bloomberg.com/news/articles/...ply-policy
by Alfred Liu , Fion Li , and Paul Panckhurst
June 20, 2017, 5:00 AM GMT+8
Sometime later this year, Hong Kongers may be able to pay for the privilege of living in apartments so small they’re comparable to prison cells.
Then, a local developer is due to start signing tenants for a project in the Happy Valley district where most flats could have a “usable floor area" of about 61 square feet, or 5.7 square meters, according to a pre-construction filing with the Buildings Department.
That’s slightly less space than Stanley Prison, a 30-minute drive across the Hong Kong island, affords its inmates.
More details in https://www.bloomberg.com/news/articles/...ply-policy
Specuvestor: Asset - Business - Structure.