People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen
People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen

Sun Hung Kai, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high

  • The smallest flat in Sun Hung Kai Properties’ upcoming project in Sai Kung has a usable floor area of about 88 sq ft, filings with the Buildings Department show
  • Developers are likely to take advantage of rising prices in the city to launch small flats as affordability becomes a concern, analyst says

Topic |   Hong Kong property
People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen
People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen
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