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Tiny Apartment Sales Soar in World’s Priciest Home Market

  • Nano apartments accounted for record 13% of sales in 2019
  • Units smaller than two parking spaces still fetch $645,000
A sofa bed inside a nano-apartment show home in Hong Kong.

A sofa bed inside a nano-apartment show home in Hong Kong.

Photographer: Anthony Kwan/Bloomberg

In the world’s least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong.

A record 13% of apartments sold in 2019 were less than 260 square feet (24 square meters), or smaller than two car-parking spaces, according to a report by Liber Research Community released Monday. These tiny units accounted for just 0.2% of total sales in 2010.