Hong Kong has the most expensive residential property in the world, according to US property think tank Demographia. With limited supply and increasing demand, property prices have shot through the roof in the last two decades.
For sale: a French château… or a tiny Hong Kong flat
The average apartment in the city costs $700,000 and is tiny by mainstream (non-Hong Kong) standards.
The city government has long followed a policy to sell land to the highest bidder. But with prices – and discontent – so high, is it time for a change?