Thursday, May 11, 2017

Hong Kong's Coffin Homes

One main paid the equivalent of £240 per month for a 3ft x 6ft home dubbed “coffin homes” and branded “an insult to human dignity” by the United Nations.The country has been ranked the world’s least affordable housing market for seven years by the Demographia International Housing Affordability Survey ranking it higher than Sydney, London and New York. Home prices have risen 370 per cent since 2003. According to the Associated Press, 200,000 of Hong Kong’s 7.3 million residents leave in the “subdivided units” which can comprise of one 120 ft room.  

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