Background

Changes in Household Features Ahead

and demand for housing is on a rise.

The total population in Hong Kong has been going up in number. The rise is expected to continue till mid-2043, reaching the peak of 8.22 million .     Household number, which could reflect the demand for housing, also escalates. By 2040s, 2.97 million households are expected and the average household size would be 2.7.      The increase in domestic household numbers is fueled by growing 1-person and 2-person households. They are taking up a higher portion as all households.

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A question for you: would the housing crisis in Hong Kong still persist?

New flats are getting smaller

and this seems to be a trend.

Since 2012 in private market, smaller flats have been taking up an increasing portion of new flat completion.      Among new private flat completions, small flats are taking up an increasing portion. From 2015 to 2017, flats below 215 sq.ft. have tripled its proportion, and the fraction of flats between 216 to 430 sq.ft has doubled. In 2018, the size of some new residential units  ranges from 150 sq.ft. to 195 sq.ft.. This trend continues and a term 'nano flats' emerges.

How big or small are our flats?

Where are we in the globe?

Public rental housing and home-ownership-flats adopt modular flat designs and hence the sizes are standardised. A one-person flat accounts for about 160 sq. ft.. A very similar figure is observed in private market.

Let’s compare our flat size per capita with other nations. Such nations are with considerable development as Hong Kong’s. You determine if your space is large or small.