Old and poor squeezed out by HK prices
(chinadaily.com.cn) Updated: 2010-11-29 14:11 |
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A 78-year-old man rests in his cage dwelling on Nov 27, 2010, in Hong Kong, China. Hong Kong's property prices have soared in recent years, with urban redevelopment shrinking the supply of older, cheaper blocks. Thousands of people living in 15-square-foot cubicles or cages are being forced out as the properties are being sold to developers. Low cost accommodation is also more difficult to find due to rising rents. [Photo/CFP] |
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