A Hong Kong developer is selling apartments about twice the size of this one for $250,000. Reuters/Bobby Yip

At $250,000, these 200-square-foot studios are among Hong Kong's most affordable.

Hong Kong property mogul Li Ka-Shing, who recently said that inequality keeps him awake at night, is building his next property venture for Hong Kongers who are willing to buy even the tiniest apartment imaginable.

Li’s development company Cheung Kong will start selling “micro-apartments” for between HK$1.94 and HK$2 million ($250,000 to $260,000) a unit on July 26. The 196 mini flats, part of a larger development (pdf) of 1,071 units, are among the cheapest in Hong Kong and less than 200 square feet, or around 18 square meters. The smallest of the apartments come with usable area of just 177 square feet, including a 97-square-foot living room, a 13-square-foot kitchen, and a 31-square-foot bathroom. That’s only about 50 percent bigger than a Hong Kong prison cell, as the South China Morning Post helpfully pointed out.

Unit H of Tower 6 of the Mont Vert development is 194 square feet, according to gohome.hk, a property site. (Mont Vert)

Hong Kong is one of the world’s densest cities and the third most expensive to buy a homeThat’s one reason why its become infamous for small living spaces, from cages that serve as apartments to “cubicle homes” and studios so small that they can only be photographed from the ceiling.

So far, Li’s development, Mont Vert, which is aimed at the city’s middle class families, has received more than 4,200 applications for just 196 units on sale in the development’s first phase. That’s despite the fact that buyers haven’t been able to even look at a model of the actual apartment they’ll be purchasing. Hong Kong law requires that developers make all units available to prospective buyers but companies can get around the rule if they demonstrate that viewing is not feasible. (The Mont Vert site is still under construction and visiting it could be unsafe, Cheung Kong has said.)

Some Hong Kong residents said the apartments were still too expensive for their size. “The apartment is so small, it’s not enough to be a storage room, much less a place to live,” one woman commented on a popular Hong Kong discussion forum.

Another criticism of the development is that it’s not in an urban center of Hong Kong, but in a northern district at least an hour from central Hong Kong, on land that was formerly used for farming. The development is just north of a cemetery, a power plant, and a public utility installation, according to Mont Vert’s website.

                                                                                                                                                             (Mont Vert)

This post originally appeared on Quartz, an Atlantic partner site.

About the Author

Most Popular

  1. photo: A Lyft scooter on the streets of Oakland in July.
    Transportation

    4 Predictions for the Electric Scooter Industry

    Dockless e-scooters swept cities worldwide in 2018 and 2019. In 2020, expect the battery-powered micromobility revolution to take a new direction.

  2. photo: Dominque Walker, founder of Moms 4 Housing, n the kitchen of the vacant house in West Oakland that the group occupied to draw attention to fair housing issues.
    Equity

    A Group of Mothers, a Vacant Home, and a Win for Fair Housing

    The activist group Moms 4 Housing occupied a vacant home in Oakland to draw attention to the city’s affordability crisis. They ended up launching a movement.

  3. Life

    The Cities Americans Want to Flee, and Where They Want to Go

    An Apartment List report reveals the cities apartment-hunters are targeting for their next move—and shows that tales of a California exodus may be overstated.

  4. photo: a pair of homes in Pittsburgh
    Equity

    The House Flippers of Pittsburgh Try a New Tactic

    As the city’s real estate market heats up, neighborhood groups say that cash investors use building code violations to encourage homeowners to sell.  

  5. Charts

    The Evolution of Urban Planning in 10 Diagrams

    A new exhibit from the San Francisco Planning and Urban Research Association showcases the simple visualizations of complex ideas that have changed how we live.

×