T Plus residential development in Tuen Mun. Criticised by civil advocacy groups as ‘inhumane,’ T-Plus received its comeuppance two weeks ago, when just two apartments managed to find buyers in a sales launch of 27 units. Photo: Nora Tam

Hong Kong’s infatuation with multimillion-dollar shoebox homes is over as quickly as it began

  • Of the 1,549 micro-apartments built by 10 developers in Hong Kong since 2016, one in three remained unsold as of this week
  • The smallest abodes are likely to lead the plunge in property prices in 2019, with declines of up to 30 per cent, according to industry analysts and developers
Topic |   Micro-apartments

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T Plus residential development in Tuen Mun. Criticised by civil advocacy groups as ‘inhumane,’ T-Plus received its comeuppance two weeks ago, when just two apartments managed to find buyers in a sales launch of 27 units. Photo: Nora Tam
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