Living large: Hong Kong moves out of pint-sized 'nano flats'

New mortgage rules, slumping property market hit sales of micro apartments

20220905 Nano Flat

Hong Kong's "nano flats" were billed as a way for first-time homebuyers to leap on the property ladder in one of the world's priciest real-estate markets. © Getty Images

PAK YIU, Nikkei staff writer

HONG KONG -- Hong Kong's once-booming sales of tiny "nano flats" are flatlining as the property market slumps and the city moves to fix its chronic housing crisis.

The pint-sized apartments that max out at 215 sq. feet, not much bigger than a car park space, proliferated in recent years as developers rolled out cheaper options for buyers keen to get on the property ladder in one of the world's priciest real estate markets.

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