Hong Kong ‘cage home’ rents soar above luxury flats

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Hong Kong:
Hong Kong’s so- called “cage men” may be among the city’s poorest, but rents per square foot for their dingy wire-mesh cubicles are now on a par with luxury flats in the city’s famed Peak district.
With Hong Kong’s property prices having soared over the past year and urban redevelopment shrinking, the supply of older, cheaper tenement blocks, thousands of cage men still dwelling in 15-square-foot cubicles, usually crammed eight to a room in rusty tiered bunks, have seen their lives squeezed even further.

Sze Lai-shan of the Society for Community Organization said rents for the city’s cage homes had risen around 20 percent over the past year, with some cages renting for up to HK$1,500 ($193.20). On a square-foot basis, such rents have even exceeded those of some mansions in Hong Kong’s exclusive Peak district where many local tycoons reside.

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