Hong Kong’s Swire set to release flats of just 142 square feet in size for rent
Star Studios on Wing Fung Street in Wan Chai available in fourth quarter this year, with consultant expecting it to start from around HK$12,750 per month
Swire Properties, the luxury residential and grade-A office builder, has become the latest developer to join the tiny flat frenzy in Hong Kong, after releasing its latest project in Wan Chai with units as small as 142 square feet.
Star Studios, a newly renovated residential development, located on Wing Fung Street adjacent to Three Pacific Place, will be available in the fourth quarter of this year.
The twin tower development provides 120 units with size areas ranging from 142 to 490 sq ft.
There will be six studio units of 142 sq ft – around 10 sq ft bigger than a standard private car parking space, says the Planning Department – of which two will come with use of a sky terrace. The rest are one or two bedroom flats.
Sixty per cent of the 120 units are studio flats ranging from 206 to 240 sq ft and the average flat size is around 240 sq ft, said Swire Properties.
“Hongkongers have to sacrifice their living quality as the sky high property prices and rents have gone beyond the reach of the general public,” said Pang Shui Kee, managing director of SK Pang Surveyors.
Giving the project’s proximity to Admiralty and Central, however, he believes the mini-flats will be highly sought after.
