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More and more people are deserting rural areas for life in cities looking for jobs, educational opportunities, and inspiration. All want a decent place to live and thats the problem. Good locations are in high demand, and prices are steep. Germanys most expensive city is munich. Apartments in the center fetch over 9200 euros a square meter. And in other countries, prices are even higher. In new york, for example, apartments can cost a whopping 11,000 a square meter. The three most expensive cities are london, at over 15,000 euros a square meter. Singapore, which is even pricier. And hong kong tops the list. Flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh Living Conditions for the poor. Reporter their home is a cage seven men live in a single room in bitter poverty. They often dont have enough money for three meals a day. Mr. Leung shows us where hes been living for years. He gets about 5 ....
Theres very little room for the more than seven million residents. But there are plenty of buyers for luxury apartments a profitable business for real estate companies. Buying an apartment is barely affordable even for the middle class its long been the norm for them to spend half their income on rent or a mortgage. For many, hong kong is a housing nightmare. Because of her efforts to help, today shes visiting the home of 13yearold chak ming. Owners here have subdivided many of the apartments into minilodgings, known as shoeboxes. With just a parttime job and welfare, all this mother and child can afford are about twoandahalf square meters, with a bunk bed and a small table. The mother cries a lot, and wishes she could provide Something Better for her son. Our apartment should really be big enough so that my son and i can move around freely. Here, its so small that we can only enter the room one at a time. Reporter chak ming won ....
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