Hong Kong’s infatuation with multimillion-dollar shoebox homes is over as quickly as it began
- 5 years ago
Hong Kong’s infatuation with micro-apartments, some of which hold the world record as the smallest living space constructed for humans, has ended almost as quickly as it began.
Known variously as nano flats, micro-apartments and shoebox homes, these abodes are specifically designed to be small, typically less than 200 square feet (18.6 square metres) in size.
Two of every three of these homes built in Hong Kong since 2016 were constructed this year. Of these 976 units that were added, 461 units remain unsold as of this week, according to calculations by the South China Morning Post using data by Dataelement, which monitors the sale of new flats in the city.
(Photo: Winson Wong)
Known variously as nano flats, micro-apartments and shoebox homes, these abodes are specifically designed to be small, typically less than 200 square feet (18.6 square metres) in size.
Two of every three of these homes built in Hong Kong since 2016 were constructed this year. Of these 976 units that were added, 461 units remain unsold as of this week, according to calculations by the South China Morning Post using data by Dataelement, which monitors the sale of new flats in the city.
(Photo: Winson Wong)