A peek into six of HK's smallest apartments


  • Economy
  • Saturday, 22 Jul 2017

Fancy an apartment the size of a Tesla Model X?  That’s about 161 square feet — and the size of a Hong Kong micro-apartment sold by property giant Henderson Land Development Co. for just less than $500,000. An actual Tesla Model X in Hong Kong starts at around $150,000.

Fancy an apartment the size of a Tesla Model X? That’s about 161 square feet — and the size of a Hong Kong micro-apartment sold by property giant Henderson Land Development Co. for just less than $500,000. An actual Tesla Model X in Hong Kong starts at around $150,000.

HONG KONG'S residents, already accustomed to expensive, crowded spaces, learnt a new term in 2016 - the nano flat, apartments that measure less than 200 sq ft (18.5 square meters), including a bathroom.

What’s it like to live in a space that’s smaller than a standard car park space? That’s quite literally a multi-million dollar question, as these apartments don’t come cheap. Developers completed 206 units of these apartments last year, tripling the supply from 2013.

The reason nano flats are popular is, simply, price: they’re affordable enough for many first-time home buyers who’ve given up on owning larger apartments. More are being built as developers cash in on the demand - they’re even converting hotels and other buildings into nano flats.

Click here for the South China Morning Post report:

http://bit.ly/2ukHMQm

HK micro-apartment costs US$500,000, size of a car

http://bit.ly/2uKyjTm

 

Economy