BUSINESS

For sale: a French château… or a tiny Hong Kong flat

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.

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?

Naomi Ng

Naomi is a contributor to Inkstone. She is city news reporter at the South China Morning Post.

Emily Wong

Emily is a contributor to Inkstone. She is a motion graphics designer for the South China Morning Post.

Lea Li

Lea is a contributor to Inkstone and a multimedia producer specializing in video and motion graphics at the South China Morning Post.

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