An estimated 12,000 residents lived in such buildings in 2016.
Bloomberg reports that a small group of young Hong Kongers unable to find a place in the city’s expensive housing market are finding home in industrial buildings despite the safety concerns and illegal nature of the set-up.
An estimated 12,000 people lived in industrial buildings in 2016, according to the Society for Community Organisation, who in addition to concerns of eviction, grapple with occasional power cuts and non-potable water supply.
One 1,000 sq-ft apartment in Sha Tin is rented out for $11,000 (US$1,400) monthly or less than half than what a residential unit in the area goes for.
The government bans the use of industrial buildings for residential purposes and has proposed adding criminal sanctions last year for violators.
An average Hong Konger earning $50,000 in annual income would need around $900,000 to purchase a home as the city ranks as the most expensive housing market for the eighth year in a row, according to annual Demographia International Housing Affordability Survey.
Here’s more from Bloomberg:
Photo from Fralueatoathai - Own work, CC BY-SA 4.0
Do you know more about this story? Contact us anonymously through this link.