Look no further than this: an apartment that is 17 square metre (182 square feet) was recently sold for over HK$4M (US$0.5M). Yet, they seem to be popular – people are willing to pay a very high price for a higher-end “partition room”. The reason is simple. The price tag of HK$4M itself, despite the inhuman small size of the apartment, is rare in the market. Normal price tag is much higher than this.
To put it plainly, Hong Kongers pay HK$4M to live in a hole.
2 replies on “How crazy is HK’s property market?”
It is in kowloon city.
Anna: where would this “partition room” be?