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What problems does it lead to in Hong Kong? I'd have thought Hong Kong is one of the most livable cities in China

cornholio 9y ago
> Hong Kong is one of the most livable cities in China If you don't live in the rooftop slums or cage homes, that is. Hong Kong is also one of the most expensive cities in the world.
dis-sys 9y ago
until you need to buy an apartment from those criminal developers. check news, they are selling apartments smaller than a prison cell to new home buyers. this happened when 90% of usable land are intentionally assigned as parks to limit land supply to the market.
baybal2 9y ago
PFFF, that's a joke. Even people who live in the most expensive developments in the island will say that even better dorm quarters in Shenzhen will beat HK's 'upmarket' developments
ksec 9y ago
Here is two recent article from SMCP http://www.scmp.com/news/hong-kong/economy/article/2097715/what-hope-poorest-hong-kong-wealth-gap-hits-record-high http://www.scmp.com/news/hong-kong/economy/article/2097715/w... http://www.scmp.com/business/article/2064554/hong-kong-named-most-expensive-housing-market-world-seventh-straight-year http://www.scmp.com/business/article/2064554/hong-kong-named... No other developed place / cities poses a problem as bad as HK. If you just look at how it compares to Sydney and Vancouver. Housing affordability leads to lots of other social problems. And Social instability is the last thing China wants. It was one reason why I think the recent article on Fouder's salary using data from https://www.numbeo.com/cost-of-living/ https://www.numbeo.com/cost-of-living/ Dont necessary put things in right prospective. The one bed room prices while being cheaper in San Francisco, its Living room is likely bigger then the total size of the one bed room apartment in HK.
Markoff 9y ago
except Hong Kong is not in China, but in Hong Kong, might as well compare it with Japan or Taiwan

> Hong Kong is one of the most livable cities in China If you don't live in the rooftop slums or cage homes, that is. Hong Kong is also one of the most expensive cities in the world.

dis-sys 9y ago

until you need to buy an apartment from those criminal developers. check news, they are selling apartments smaller than a prison cell to new home buyers. this happened when 90% of usable land are intentionally assigned as parks to limit land supply to the market.

baybal2 9y ago

PFFF, that's a joke. Even people who live in the most expensive developments in the island will say that even better dorm quarters in Shenzhen will beat HK's 'upmarket' developments

ksec 9y ago

Here is two recent article from SMCP http://www.scmp.com/news/hong-kong/economy/article/2097715/what-hope-poorest-hong-kong-wealth-gap-hits-record-high http://www.scmp.com/news/hong-kong/economy/article/2097715/w... http://www.scmp.com/business/article/2064554/hong-kong-named-most-expensive-housing-market-world-seventh-straight-year http://www.scmp.com/business/article/2064554/hong-kong-named... No other developed place / cities poses a problem as bad as HK. If you just look at how it compares to Sydney and Vancouver. Housing affordability leads to lots of other social problems. And Social instability is the last thing China wants. It was one reason why I think the recent article on Fouder's salary using data from https://www.numbeo.com/cost-of-living/ https://www.numbeo.com/cost-of-living/ Dont necessary put things in right prospective. The one bed room prices while being cheaper in San Francisco, its Living room is likely bigger then the total size of the one bed room apartment in HK.

Markoff 9y ago

except Hong Kong is not in China, but in Hong Kong, might as well compare it with Japan or Taiwan