Entrepreneurs in Hong Kong are developing innovative ways to help inhabitants of tiny apartments as the Chinese territory embraces a micro-living trend that is catching on in London, New York and beyond.
From suitcase rental to external goods storage managed by smartphone apps, businesspeople in Hong Kong have established a range of start-ups designed to capitalise on the lack of living space.
Hong Kong has the world’s most expensive residential property after Monaco, according to estate agents Knight Frank, with tiny 20 sq m
apartments on sale for as much as HK$4.5m ($580,000). Three-quarters of apartments in this densely populated city of 7m people have no dedicated storage space, according to Colliers, another estate agent.
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