Demand for Tiny Apartments in Hong Kong Jumps 52%
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In order to get on the property ladder in the world’s least affordable housing market, home buyers in Hong Kong are going ever smaller -- now looking into apartments that are tinier than two parking spaces.
Residential units no larger than 300 square feet (27.9 square meters) saw a 52 percent jump in transaction volumes year-on-year in the first eight months of 2018, data from agency Ricacorp Properties show. Such dwellings now comprise 12.4 percent of total apartment sales in the city, up from 9.3 percent last year.