Thousands in Hong Kong Still Live in Coffin Homes Due to Lack of Space: Watch
Hong Kong is among the world's most prosperous areas, but it’s also a tiny coastal region struggling to cope with the influx of people wanting to relocate to this economic superpower. Housing over seven million residents in an area of 1,106 km² is a challenge that requires extraordinarily inventive solutions. Summarized Insights: • Extreme housing conditions persist. • Luxury homes highlight wealth disparity. • Innovative solutions offer some hope. • Affordable housing remains urgent need. While luxury micro-apartments and co-housing initiatives are some of the solutions, the city’s poorest reside in tiny coffin and cage homes. According to 2023 research by Mercer, Hong Kong remains the most expensive city in the world to live in. Despite a drop in property prices due to severe COVID restrictions, the average price of a home in Hong Kong was still more than HK$7.69 million (US$981k/£780k) by the end of 2022. This shortage of housing and...
