Hong Kong

HONG KONG (Oct 27): Nano flats, or apartments each smaller than 200 sq ft, will be the new norm in Hong Kong as 2,100 of such complexes are on drawing boards through 2020.

According to South China Morning Post, at least 2,100 nano flats are expected to be completed between now and 2020 in Hong Kong, to lure more young homebuyers into getting their first foot on the property ladder in the world’s most expensive housing market.

The new supply of the flats will amount to an average of 510 units per year between 2017 and 2020 according to a latest report by global property agency, JLL.

This article first appeared in The Edge Financial Daily, on Oct 27, 2017.

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
How Shang Height is transforming urban living and shaping tomorrow’s communities

Guided by its core philosophy of Practicality, Ingenuity and Sustainability, Shang Height Realty Sdn Bhd continues to deliver homes and developments that are practical in planning, thoughtful in design and built with long-term value in mind.

read more
RELATED POSTS
  1. YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines
  2. Berjaya Corp’s property and hospitality revenue rise, but weaker retail and services widen 3Q loss
  3. Mulpha returns to the black in 1Q on higher Australian property sales