(Almost) Heaven and (almost) Hell - Hong Kong Homes
One day last week, there was an article on the front page of a local newspaper on The Lily, a luxurious apartment building in Repulse Bay. The average sale price of the project is expected to reach HK25,000 per square feet. Or, alternatively, to be rented at $50 per square feet per month.
On an inside page of the same newspaper on the same day, there was an article on cage homes. A 700 sq ft apartment can be cut up into 50 such cage homes, each renting for up to $1,000 per month. The rental rate turns out to be comparable to that of the Lily.
One day last week, there was an article on the front page of a local newspaper on The Lily, a luxurious apartment building in Repulse Bay. The average sale price of the project is expected to reach HK25,000 per square feet. Or, alternatively, to be rented at $50 per square feet per month.
On an inside page of the same newspaper on the same day, there was an article on cage homes. A 700 sq ft apartment can be cut up into 50 such cage homes, each renting for up to $1,000 per month. The rental rate turns out to be comparable to that of the Lily.
Shame on the landlords of the caged homes, shame on the developers, shame on the government.
ReplyDeleteAnother example where the have-nots are paying (too much) for the haves.