Old and poor squeezed out by HK prices

0 CommentsPrint E-mail China.org.cn, November 29, 2010
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An elderly resident climbs into his bunk bed, donated by the Society for Community Organization, Nov 27, 2010. [Photo/CFP]
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.

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