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Hong Kong conundrum: sky-high prices and flats the size of parking spaces

Ranked the world’s least affordable housing market, the cramped city suffers from a lack of supply

My apartment in Hong Kong’s Mid-Levels district cost HK$50m ($6.4m) but walking from one end to the other takes just 10 steps. It will probably be the most expensive property — and hopefully the smallest — I ever live in.

I know how much my landlords paid for it because, when signing the lease in January, the estate agent asked if I wanted to sneak a look at the ownership deeds. I took a photo of all the zeroes (a satisfying amount in Hong Kong dollars) so that I wouldn’t convince myself that I had misremembered.

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