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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.
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