We have released Smaller and Smaller: Changes in the Size of Newly Completed Housing Units in Hong Kong, 1995–2024. The study finds that while Hong Kong’s housing supply has shown signs of recovery in terms of the number of units completed, the actual amount of newly added living space has not recovered in tandem. Relying on unit counts alone to assess supply can therefore create a “quantity illusion” and overstate policy progress. Future housing policy in Hong Kong should place greater emphasis on total newly completed floor area, average unit size, and the proportion of family-sized homes, so as to ensure that new supply is not only larger in quantity, but also capable of genuinely improving living space and supporting family life.
- Smaller and Smaller: Changes in the Size of Newly Completed Housing Units in Hong Kong, 1995–2024 by Michael Wong, Yuyang Ou, Alex Ngau
