View Poll Results: What size is your home (NET area)

Voters
24. You may not vote on this poll
  • Miniscule - less than 200sqft

    0 0%
  • Tiny - less than 400sqft

    2 8.33%
  • Small - 400-800sqft

    6 25.00%
  • Mid size - 800-1200sqft

    4 16.67%
  • Large - 1200-1600sqft

    8 33.33%
  • Huge - more than 1600sqft

    4 16.67%
Like Tree16Likes

Shortage of mid, large and very large flats

Closed Thread
Page 1 of 4 1 2 3 4 LastLast
  1. #1

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    23,652

    Shortage of mid, large and very large flats

    Hong Kong has a managed shortage of flats enabling high land sales tax. But why does the Government insist on restricting the building of mid size (800-1200sqft) and above flats?

    There is a huge premium to pay for a mid size flat and an even bigger premium for a large flat (1200-1600).

    Why not let the developers build what they want and allow decent size flats to be in the financial range of HK's beleaguered middle class


  2. #2

    Join Date
    Jun 2010
    Location
    Tuen Mun
    Posts
    6,191

    Are you sure there's demand? I'm not talking about expats who make up a very small percentage of buyers.

    Most people, locals, I know who could afford larger flats opt to buy two or three smaller ones, live in the worst/oldest/smallest and rent out the rest.


  3. #3

    Join Date
    Jun 2010
    Location
    Tuen Mun
    Posts
    6,191

    I think most HKers would consider 600 - 800 sq to be medium sized btw.


  4. #4

    Join Date
    Jun 2010
    Posts
    2,136

    East Coast`s thread often reminds me of those essay exam questions in high school.

    Last edited by Creative83; 22-10-2011 at 09:40 PM.
    luckycat and HowardCoombs like this.

  5. #5

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,624
    Quote Originally Posted by Creative83:
    East Coast`s thread often reminds me of those essay exam questions in high school.
    Indeed, and Bryant's replies are usually Kindergarten level
    HowardCoombs likes this.

  6. #6

    Join Date
    Mar 2007
    Location
    Gold Coast Marina
    Posts
    17,934

    I don't think 1600sq ft is huge either. Huge is the places on Middle Gap Road I hiked past last week - guessing 5-10,000 sq ft or so.

    dear giant likes this.

  7. #7

    Join Date
    Jun 2010
    Location
    Tuen Mun
    Posts
    6,191
    Quote Originally Posted by Mat:
    Indeed, and Bryant's replies are usually Kindergarten level
    That's a good one, you're quite the thinker!
    Freetrader likes this.

  8. #8

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    23,652
    Quote Originally Posted by bryant.english:
    Most people, locals, I know who could afford larger flats opt to buy two or three smaller ones, live in the worst/oldest/smallest and rent out the rest.
    Or is it that the return on investment properties is the reason to buy multiple small flats and rent them out. Getting a bigger flat is disproportionately expensive the higher up the income range leaving 'nice' sized flats for the mega-rich.

    HK flat sizes usually draws sniggers from mainland colleagues after they have gushed about the shopping.

  9. #9

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    23,652
    Quote Originally Posted by MovingIn07:
    I don't think 1600sq ft is huge either. Huge is the places on Middle Gap Road I hiked past last week - guessing 5-10,000 sq ft or so.
    There are obviously some places that are outliers but for the average family a 1600sqft is very big (in a very dense urban area)
    Last edited by East_coast; 22-10-2011 at 11:38 PM.

  10. #10

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    23,652
    Quote Originally Posted by bryant.english:
    I think most HKers would consider 600 - 800 sq to be medium sized btw.
    Really? Would A family of 4 not consider a 600sqft flat small?

    600-800sqft is a small flat but probably over the median size in HK which does not make it a mid-sized in terms of livability - it is still a small flat.
    Last edited by East_coast; 23-10-2011 at 12:16 AM.
    dear giant likes this.

Closed Thread
Page 1 of 4 1 2 3 4 LastLast