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