2010-06-05 – Hong Kong Rooftop Squatters
Aspect Ratio: 3:2
Hong Kong Rooftop Squatters
Hong Kong is a city of great extremes. It is one of the most expensive property markets in the world. Almost monthly there is a new record for the new most expensive house per sq foot somewhere on the Peak. Beyond the glistening towers and palatial residences for the rich there is a shortage of public housing for those that can’t afford to get on the property ladder.
There are many different types of residences in Hong Kong and at present the government builds new estates but can’t meet the backlog and ever-increasing demand. There is a great deal of construction to the wealthy upper class market fulfilling demand from investors from the Mainland.
The sad reality is even though the unauthorized past constructions of places such as the world-famous old Kowloon Walled City have come and gone there are still many who have created temporary structures. Landlords of the building often turn a blind eye to help out those in need. Even though these properties are not registered there is still a grey real-estate market for such properties. Meanwhile property developers look at any of these older buildings as prime opportunities to drop the building and increase the yield per square foot. In many cases the property developers will negotiate to remove the squatters but there has been some questionable events over the past few years. It should be noted that there are others who squat on pedestrian cross paths or on remote trails above Wan Chai that I’ve personally witnessed.
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