Thursday, 19 April 2018

Can You Live in 123 Sq Ft?

How small a space can you live in? One developer thinks it's 123 sq ft
We talked about incredible-shrinking flats yesterday and now they're getting smaller. A developer, Wing Kwok Enterprises, will be building a 27-storey residential block in Sham Shui Po where the smallest unit will be 123 square feet.

To put that into perspective, that's smaller than a 20-foot shipping container, or an American-sized parking space.

"At that size, the unit will most likely feature only an open kitchen, and a shower room, which typically add about 10 percent of the total area," said Victor Lai Kin-fai, a managing director of Centaline Surveyors.

Why so small?

"The average square footage price of smaller flats will be higher than larger apartments, which will further encourage developers to build ever smaller units," he said.

Is it no wonder then, that 27 percent of Hongkongers don't expect to ever afford a home, which "definitely deserves everyone's attention," said Nerida Conisbee, chief economist of REA Group, a digital advertising firm that specializes in property.

REA conducted a survey of 1,003 respondents that showed another 16 percent of people have no plan to buy property at all because prices are beyond their reach.

Has Secretary for Transport and Housing Frank Chan Fan actually seen a microflat? Has he spent the night in one to find out first hand what it's like to live in such cramped conditions?

Hong Kong government officials really have no idea what the average Hongkonger goes through on a daily basis...

No comments:

Post a Comment