Record high property prices force Hong Kong residents to live in micro flats

Record high property prices force Hong Kong residents to live in micro flats

It may not look like your average home, but concrete water pipes could become the solution to Hong Kong's housing shortage and high property prices. The world's most expensive property market has seen private home prices hit a record-breaking run of twelve consecutive monthly gains, adding to home ownership constraints.

Mass produced, durable and cheap to convert housing could help ease the housing problem. Architect James Law believes the 120 square ft giant water pipes make for a perfect micro-housing that could become the norm for people looking for temporary housing.

(Source: Reuters)


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