Hong Kong’s lived-in home prices fell for the ninth straight month in January, intensifying calls to roll back curbs on the sector even as the government is seeking to rein in a ballooning deficit estimated to exceed HK$100 billion (US$12.8 billion).
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Known variously as nano flats, micro-apartments, cage homes and shoebox homes, Hong Kong’s tiny abodes grew out of the desperate quest for affordable housing in the world’s most expensive urban centre.