Design Process 2.

In the previous post , my group and I discussed about Overpopulation and Land Shortage as two of the main issues that led to living space getting smaller and smaller. Now we will talk about the money factor. Money , which is a very important resource perhaps the most important thing anybody could possibly have.
Buy a living space for your own personal or social needs obviously requires money and what happens when property prices in some cities or countries , like Hong Kong, Singapore, Monaco are sky-high?? The result , a small apartment.

Take Hong Kong for example , its property prices are the world's highest in a Savills survey of ten cities including the likes of New York , London and Tokyo. And with the gap between top-end markets and cheaper ones are getting narrowing , thus resulting in an overall increase in property prices. For example , Residential buildings stand in the Mid-levels of Hong Kong , a 1000- square foot apartment would cost about HK$15.9 million on average. ( Source : bloomburg.com)

Residential building in Hong Kong.

In conclusion , if the price of an apartment per square foot is too high for a mid-income working adult to afford, then , the only thing they could possibly do is to buy and move in a small area of living space as we all need a shelter above our heads.