Why Is Housing In Hong Kong So Expensive?

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Hong Kong has the most expensive housing market in the world. Rent is so high many can only afford to live in subdivided apartments known as “coffin homes.” But the problem isn’t land scarcity.

For years, Hong Kong has been notorious for its astronomical real-estate prices. In 2020, it was named the world's priciest housing market for the 10th year in a row.

Hong Kong's high cost of living and housing inequality are well documented. While the wealthy drop hundreds of millions on mansions and build "Versailles-like" villas, many residents can only afford to live in tiny "coffin homes."

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