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COMING UP:Share Opener Variant 4

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00:00:00
nnnnn hong kong is a city where vertical living goes to extremes with only forty eight square feet per person on average living spaces are cramped but many new luxury apartments here are getting even smaller justice housing prices are shooting higher than the skyscrapers , i'm reuters correspondent tara joseph in hong kong and , i am standing in a parking space to show you that an apartment around the same size is likely to , you about , a million dollars here and that it's not necessarily in a fancy neighborhood , their main call mosquito flat something that money in this new development at least you get a marble bathroom even though you shouldn't expect to fit that many people in it and this bedroom gives you just enough room to stuff a bed flats in this asparagus shaped building are going for as much as half a million dollars and it's nearly sold out hong kong is long struggled to provide adequate housing for all income levels the cities become infamous for so called cage apartments the only space some wage workers and unemployed can afford house prices have skyrocketed more than a hundred and fifty percent as a wave of mainland chinese buyers flood the city it's now rated by one independent study as the least affordable property market in the world hong kong island what's called a barren rock when british gunboats landed here centuries ago now that there's nowhere else to go on that rock you can forget about a dining room