A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg
A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg

In recession squeeze, rents are converging for Hong Kong’s micro flats and subdivided lots

  • The number of leases signed at HK$10,000 a month or lower reaches 5.2 per cent in April, the most since early 2019: Centaline
  • Weaker demand caused by job losses, campus disturbances and quarantine measures likely to delay a summer recovery

Topic |   Hong Kong property
A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg
A 131-square foot flat in TPlus residential project in Tuen Mun, Hong Kong was leased out at HK$6,300 per month in February 2020. Photo: Bloomberg
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