{"id":399290,"date":"2019-03-13T09:04:48","date_gmt":"2019-03-13T08:04:48","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-more-desperate-hong-kongers-are-living-illegally-in-steel-shipping-containers\/"},"modified":"2019-03-13T09:04:48","modified_gmt":"2019-03-13T08:04:48","slug":"prison-planet-com-more-desperate-hong-kongers-are-living-illegally-in-steel-shipping-containers","status":"publish","type":"post","link":"https:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-more-desperate-hong-kongers-are-living-illegally-in-steel-shipping-containers\/","title":{"rendered":"Prison Planet.com \u00bb More Desperate Hong Kongers Are Living Illegally In Steel Shipping Containers"},"content":{"rendered":"
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<\/p>\n

Zero Hedge<\/strong><\/a>
March 12, 2019<\/p>\n

Though it recently entered correction territory<\/a> following the longest streak of falling prices since 2016, Hong Kong\u2019s housing market remains one of \u2013 if not the most \u2013 unaffordable in the world.<\/strong><\/p>\n

\"Cheaper\"<\/picture><\/a><\/p>\n

And as struggling locals look for somewhere \u2013 anywhere \u2013 to live for a relatively modest price, more are turning to an innovative, if illegal, solution. According to Bloomberg,<\/a> the latest housing trend in the New Territories, a region of Hong Kong that is mostly wetlands, parks and mountains, is building illegal houses out of prefabricated steel boxes.<\/p>\n

Locals call them container homes. And while they\u2019re growing in popularity, almost all of them are illegal, having been built on land not zoned for housing, and\/or without the government approval necessary to ensure it meets standards for ventilation and fire-safety.<\/p>\n

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After walking through a deserted plot of rural land on an unevenly paved road, Gilbert Wong arrives at a metal-fenced gate that looks like the entrance to a warehouse, or maybe a car park \u2013 ubiquitous in Hong Kong\u2019s New Territories.<\/p>\n

But behind this seemingly hostile facade is Wong\u2019s humble home: a prefabricated steel box that looks a lot like a basic shipping container. Such dwellings, dubbed container homes, have become an increasingly popular option for residents squeezed out of the world\u2019s least affordable property market.<\/strong><\/p>\n

The vast majority are also illegal.<\/strong><\/u><\/p>\n

\u201cOf all the prefabricated homes in the style of a container that I have seen in ads or online, I can tell you 99.9 percent aren\u2019t in compliance with the law,\u201d <\/strong>said Vincent Ho, a managing director at surveying and property consultancy firm\u00a0Freevision Ltd.<\/p>\n<\/blockquote>\n

Estimating the number of container homes is difficult because they\u2019re usually tucked away in far-flung areas across the territory, but orders for containers have doubled since 2016, with 40% built specifically for dwelling…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zero HedgeMarch 12, 2019 Though it recently entered correction territory following the longest streak of falling prices since 2016, Hong Kong\u2019s housing market remains one of \u2013 if not the most \u2013 unaffordable in the world. And as struggling locals look for somewhere \u2013 anywhere \u2013 to live for a relatively modest price, more are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-399290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/399290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=399290"}],"version-history":[{"count":0,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/399290\/revisions"}],"wp:attachment":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=399290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=399290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=399290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}