In recent years, developers have built smaller flats to meet demand.
In a report from South China Morning Post, the Secretary of Development Eric Ma Siu-cheung said developers could be forced to build flats above a minimum size as the number of tiny homes continues to rise in the world’s least affordable market.
The official noted that measures could be inserted into land sale conditions “at any time” if this was deemed necessary. But he stopped short of committing to any immediate action, saying the number of “nano flats” still represented just a fraction of the city’s housing and he was confident the market would balance and correct itself.
Flats as small as 152 sq ft recently hit the market for about $20,000 per sq ft. Last year, a developer announced plans to build the smallest homes in the city at 61 sq ft.
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