Wednesday, January 11, 2012
This is what high house prices achieve
The tragedy of tens of thousands living in 6ft by 2ft rabbit hutches - in a city with more Louis Vuitton shops than Paris
Hong Kong, one of the world's richest cities, is abuzz with a luxury property boom that has seen homes exchanged for record sums. But the wealth of the city has a darker side, with tens of thousands priced out of housing altogether and forced to live in the most degrading conditions.