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A CBRE report from 2019 lists Hong Kong as having the highest average property price in the world. [20] As of June 2021, an average 500 sqft apartment cost HK$9.44 million in Hong Kong Island, HK$8.32 million in Kowloon, and HK$7 million in New Territories; an average family would have to save for about 20.7 years to pay for such a unit. [21]
The government sets a Long Term Housing Strategy every year, ... it is the largest public housing estate in Hong Kong. It comprises 13,700 apartments in 16 blocks ...
A market street in Mong Kok, a residential district in Hong Kong. A bedspace apartment (Chinese: 牀位寓所; pinyin: chuáng wèi yùsuǒ; Jyutping: cong4 wai2 jyu6so2), also called cage home (籠屋; lóngwū; lung4uk1), coffin cubicle, or coffin home (棺材房; guāncai fáng; gun1coi4 fong2), is a type of residence that is only large enough for one loft bed surrounded by a metal cage.
Private housing estate is a term used in Hong Kong for private mass housing—a housing estate built by a private developer, as opposed to a public housing estate built by the Hong Kong Housing Authority or the Hong Kong Housing Society. It is usually characterised by a cluster of high-rise buildings, with its own market or shopping mall.
Urban renewal in Hong Kong typically involves wholesale demolition of old urban districts and their replacement with high-end commercial and housing developments. Therefore, this project is intended to accommodate residents displaced by urban renewal projects. [10] De Novo is being constructed directly to the west of Tak Long Estate.
Lai Tak Tsuen (Chinese: 勵德邨) is a public housing estate at 2 – 38 Lai Tak Tsuen Road, Tai Hang, Causeway Bay, Hong Kong. Built in 1975, it is one of the first public housing developments in Hong Kong. It was the second self-funded rental project of the Hong Kong Housing Society.
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