There was a recent article in the South China Morning Post titled “Hong Kong’s infatuation with multimillion-dollar shoebox homes is over as quickly as it began”. The article read “of the 1,549 micro-apartments built by 10 developers in Hong Kong since 2016, one in three remained unsold…” and continued to say that according to industry analysts and developers, the micro-apartments will likely fall in price in 2019, with declines up to 30 per cent.

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