Developers are downsizing everything from flats to clubhouses but how much smaller can these possibly get?
Apparently, there’s more room to squeeze, judging by the example of The Avery, a new residential project in Kowloon City.
The development boasts a clubhouse that’s all of 300 square feet, the size of an average residential unit, Apple Daily reported Friday.
The building has 78 flats, each with a monthly management fee of HK$4 per sq. ft., comparable to those for luxury apartments in Mid-Levels.
The Avery, which was developed by Sino Land Co. Ltd., takes the trend of shrinking clubhouses to a new level but it’s not unique.
New projects such The Met. Delight in Sham Shui Po, Billionaire Luxe in Kowloon City, and AVA128 in Sai Ying Poon have clubhouses smaller than 1,000 sq. ft., the report said.
And tiny clubhouses are not limited to smaller residential projects either.
Reporters sent by the newspaper to investigate large projects such as Sun Hung Kai Properties’ The Wings in Tseung Kwan O said the trend is catching on.
But as late as five years ago, clubhouses were built to sizes intended to impress.
For instance, the first phase of The Wings, launched in 2009, boasts a 300,000 sq. ft. clubhouse or about 250 sq. ft. per household.
But subsequent phases feature clubhouses less than 100,000 sq. ft. each, about 100 sq. ft. for each household.
So now, tiny is the new norm.
Last year, Cheung Kong Holdings launched 43 open studios with saleable area of 194 to 195 square feet in its Mont Vert development in Tai Po.
The cheapest flat is HK$1.95 million or HK$10,031 (US$1,286) per square foot.
A 147 sq. ft. public housing apartment in Wah Ming Estate in Fanling fetched as much as HK$1.7 million, nearly HK$12,000 per sq. ft., in a secondary market transaction early this year.
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