Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy Hong Kong's worsening housing shortage forces thousands into 'coffin homes' New vacancy tax and public housing price cuts will have little effect Unemployed Hong Kong resident Simon Wong, 61, watches TV in his "coffin home," which he rents for HK$1,750 ($226) a month.
TAKESHI KIHARA and MICHELLE CHAN, Nikkei staff writers July 9, 2018 13:00 JST | Hong Kong, Macau
HONG KONG -- A new type of extremely small apartment could be a glimpse into the future of life in Hong Kong, as the territory's housing shortage grows more acute and prices soar.
To address the problem, Hong Kong announced a new set of measures at the end of June. These include a vacancy tax on empty new homes and cuts in sale prices of public housing.
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