The coffin homes and cages of the world’s most expensive city

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  • Slide 1 of 35: It’s among the world’s most prosperous countries, but it’s also a tiny coastal area that's struggling to cope with the influx of people who want to move to this economic superpower. Housing over seven million residents in an area of 427 square miles requires extraordinary measures, from the tiny coffin and cage homes of the city’s poorest to luxury micro-apartments and co-housing initiatives. Click or scroll through and let’s take a look at what homes are like in one of the world’s most expensive and overcrowded cities…
  • Slide 2 of 35: According to property firm CBRE’s Global Living 2020 report, the average price of a home in Hong Kong is more than $1.3 million. A shortage of housing and the huge demand for properties have driven up prices to new levels of unaffordability. 
  • Slide 3 of 35: Although the 2019-20 anti-government protests in Hong Kong sent shockwaves through much of the world, Reuters reported that the region's astronomical housing prices did not see much of a change. It seems even mass unrest can't deter the power of the city's exorbitant property market.
  • Slide 4 of 35: Despite the shortage, there are still ultra-luxury homes available for the super-rich at the higher end of the market, but because of the sheer number of people living in Hong Kong, even small apartments are becoming unaffordable for ordinary people.

Slide 1 of 35: It’s among the world’s most prosperous countries, but it’s also a tiny coastal area that’s struggling to cope with the influx of people who want to move to this economic superpower. Housing over seven million residents in an area of 427 square miles requires extraordinary measures, from the tiny coffin and cage homes of the city’s poorest to luxury micro-apartments and co-housing initiatives. Click or scroll through and let’s take a look at what homes are like in one of the world’s most expensive and overcrowded cities…Next SlideFull screen1/35 SLIDES © oath_sarun / Shutterstock

Hong Kong living: overcrowded and overpriced

It’s among the world’s most prosperous countries, but it’s also a tiny coastal area that’s struggling to cope with the influx of people who want to move to this economic superpower. Housing over seven million residents in an area of 427 square miles requires extraordinary measures, from the tiny coffin and cage homes of the city’s poorest to luxury micro-apartments and co-housing initiatives. Click or scroll through and let’s take a look at what homes are like in one of the world’s most expensive and overcrowded cities…

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