Source:
https://scmp.com/property/hong-kong-china/article/2126885/nano-public-housing-units-being-sold-record-high-prices
Property/ Hong Kong & China

A 121 square foot public housing ‘studio’ flat sells for record HK$1.93 million

The tiny flat is in the 29-year-old, publicly-owned Oi Wo House on Tai Po’s Tai Wo Estate

Hong Kong homebuyers are going nano-mad, snapping up homes smaller than car parking spaces in their search for somewhere affordable to live. Photo: SCMP

Tiny public housing units in Hong Kong, known locally as “nano flats,” are selling like hot cakes despite record high prices, as the city continues to struggle to create enough affordable housing.

And although some of these homes are smaller than a car parking space – less than 135 square feet – agents warn prices are set to rise even higher, due to limited supply.