Jman888 Moderator August 11, 2014 Share August 11, 2014 you can get a 450 sq ft 2 room flat at $70K, and that is only eligible for one person to stay HK's $240k micro-flats 11/08/2014 on mypaper IT'S A SQUEEZE: An apartment complex in the Quarry Bay area. The latest trend in overcrowded Hong Kong sees newly built studio flats measuring as little as 16 sq m . (PHOTO: AFP) HONG KONG At a glitzy show stall for a new residential development in Hong Kong, property agents with loudspeakers are promoting the latest trend in the overcrowded city - high-end "micro-flats" which come with an eye-watering price tag. Although they are part of swish modern complexes, some of the newly built studio flats measure as little as 16 sq m and are on sale for HK$1.5 million (about S$242,000). Single entrepreneur Mike Ko is typical of the buyers that developers are targeting: aspiring home owners who are priced out of the overheated Hong Kong housing market. "I'm 33 years old and I really need my own place," said Mr Ko. "Studios are good enough. They're quite hip and cool as well." He lives with his parents in public housing and has been saving up, but said that at current prices he can afford only tiny properties. "The market is too expensive, so buying a studio flat is a good first step to home ownership," he said. Agents are selling the pint-sized flats on the basis that the market boom will only continue. "You want to buy now because prices will just go up," said one agent at the new Mont Vert development in the suburban neighbourhood of Tai Po. "You are saving, in a sense." Mont Vert boasts a clubhouse, sea views and surrounding greenery but, at 16 sq m, its smallest units are only three times larger than cells in Hong Kong's most populous prison. The main space doubles as both bedroom and living room, with a kitchen and bathroom tucked away in the corners. Developer Cheung Kong says that 10 per cent of the 1,000 apartments on offer are studios, but could not say how many of those had been sold. The development is not yet completed, and - despite being a massive investment for potential buyers - there were no show flats, models, or pictures of the interiors of the studio units immediately available. While some prospective buyers are desperate enough to snap up the tiny flats, there are those who are outraged by the conditions Hong Kong residents are having to bear. "They are not only small, it is repressive. You are paying that much to be living there, it's ridiculous," said Kenneth Tong, a spokesman for No Flat Slaves, a local NGO. The organisation believes the government is to blame for a lack of affordable housing and being slow in building more public rental housing. "People have no other choice," said Mr Tong. But developers say the micro-flats will attract single "yuppies" and young families. "A lot of people who have studied overseas and returned love this kind of lifestyle," said David Fong, managing director of the tower's private developer, Hip Shing Hong. "In London, and even in metropolitan New York, the flat size is both small and old. We are small but beautiful," he added. AFP ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Vid Hypersonic August 11, 2014 Share August 11, 2014 Nothing new in HK. Lots of apartments are tiny. 1 Link to post Share on other sites More sharing options...
Friendstar Supercharged August 11, 2014 Share August 11, 2014 Oh dear..... Don't get me started 3 Link to post Share on other sites More sharing options...
Jman888 Moderator August 11, 2014 Author Share August 11, 2014 Oh dear..... Don't get me started you can start, @joseph22 will join you Link to post Share on other sites More sharing options...
Vid Hypersonic August 11, 2014 Share August 11, 2014 And $240k for that size flat is consider cheap. There are such tiny ones that costs a lot more, especially in good locations. 2 Link to post Share on other sites More sharing options...
Freestylers09 5th Gear August 11, 2014 Share August 11, 2014 $240k for 16sqm? 16sqm include toilet? 2 Link to post Share on other sites More sharing options...
Jman888 Moderator August 11, 2014 Author Share August 11, 2014 (edited) $240k for 16sqm? 16sqm include toilet? yes it does but i doubt there will be a bathtub "The main space doubles as both bedroom and living room, with a kitchen and bathroom tucked away in the corners." And $240k for that size flat is consider cheap. There are such tiny ones that costs a lot more, especially in good locations. No wonder LKS is so filthy rich Edited August 11, 2014 by Jman888 Link to post Share on other sites More sharing options...
Freestylers09 5th Gear August 11, 2014 Share August 11, 2014 yes it does but i doubt there will be a bathtub "The main space doubles as both bedroom and living room, with a kitchen and bathroom tucked away in the corners." No wonder LKS is so filthy rich i try to stay in my kitchen for 1 day to see i can adapt the space anot.. maybe put a tilam on my dinner table try... 3 Link to post Share on other sites More sharing options...
Vid Hypersonic August 11, 2014 Share August 11, 2014 i try to stay in my kitchen for 1 day to see i can adapt the space anot.. maybe put a tilam on my dinner table try... Try already come back and tell us ok Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged August 11, 2014 Share August 11, 2014 @Vid, can post some peekture of your home in Hong Kong ? 2 Link to post Share on other sites More sharing options...
The_Bear Turbocharged August 11, 2014 Share August 11, 2014 yes it does but i doubt there will be a bathtub "The main space doubles as both bedroom and living room, with a kitchen and bathroom tucked away in the corners." No wonder LKS is so filthy rich It is like stuck in Hotel 81 permanently... 1 Link to post Share on other sites More sharing options...
Jman888 Moderator August 11, 2014 Author Share August 11, 2014 @Vid, can post some peekture of your home in Hong Kong ? The world's most expensive property has gone on sale - but to live in it will cost you a staggering £13,500 per square foot. The luxury Hong Kong home, located in the city's exclusive Victoria Peak district, has been placed on the market for £63 million. While the total price may not seem much compared to some of the world's most sought-after residences, the house has a saleable area of just 4,600 feet. This is around one quarter of the size of Britain's most expensive flat - which recently sold for £140 million in London's Hyde Park. 1 Link to post Share on other sites More sharing options...
Tianmo Hypersonic August 11, 2014 Share August 11, 2014 i try to stay in my kitchen for 1 day to see i can adapt the space anot.. maybe put a tilam on my dinner table try... errr.................my kitchen include toilet is more than 16m2 liao leh........... try put the tilam under the dinner table.........no worry you turn and drop onto the floor............. 5 Link to post Share on other sites More sharing options...
Camrysfa Turbocharged August 11, 2014 Share August 11, 2014 @Vid, can post some peekture of your home in Hong Kong ? Vid no need to live like this, right? 2 Link to post Share on other sites More sharing options...
Jman888 Moderator August 11, 2014 Author Share August 11, 2014 It is like stuck in Hotel 81 permanently... like that everyday also feel horny, good for @whathefish 1 Link to post Share on other sites More sharing options...
Tianmo Hypersonic August 11, 2014 Share August 11, 2014 Oh dear..... Don't get me started faster faster start...............and @joseph22 can come and join in.......... [laugh] Link to post Share on other sites More sharing options...
ExigeTan 3rd Gear August 11, 2014 Share August 11, 2014 When going to some condo launches I have seen the bomb shelter converted to a room for the maid - and we all remember Harry Potter's room under the stairs. 1 Link to post Share on other sites More sharing options...
Tianmo Hypersonic August 11, 2014 Share August 11, 2014 It is like stuck in Hotel 81 permanently... hotel 81 no have living room and kitchen wor.......... ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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