Carrianna, a real estate developer who threatened to build a redevelopment project in Hong Kong once a year, Jiayue’s first redevelopment project is a nano building on Hai Tan Street, Sham Shui Po. The smallest unit is 199 square feet. Under the new 280 sq. ft. policy, the BD could not cooperate with the approval of the plans. Whether this loophole was intentional or unintentional requires further verification.
292180261_5387723444657018_2503338696856 Image source: Jiayue website / Image provided by the author How bad can nano-units be? Looking at industry email list the official website of Jiayue, you can find the pure design drawings of the relevant studio flat, and you can already see the great space problem: you have to climb over a double bed to get out of the terrace.
In fact, there is no better way to avoid the accessibility problem with such a distance, or put it on the side of the open kitchen to smoke the fumes. The most likely reason why developers can continue to build nano buildings is because the private redevelopment project does not need to make amendments to the terms of the land lease to the government, and the real estate developers do not need to pay hundreds of millions of land premiums. Therefore, the government claims that it can revise the land lease during redevelopment to add a limited-square-foot clause, so that the Nano Building will disappear in the future.