HongKong

Hong Kong’s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers




A real estate bull market in Hong Kong, the world’s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose to HK$25,512 per square foot in the first nine months of 2021, according to Midland Realty’s data. That made the smallest homes more expensive than the HK$21,680 psf average price of the typical Hong…



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