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Tiny HK homes offer big potential to storage firms

Majority of city's residents live in cramped apartments with limited space for clothes, shoes, books, sports gear and other items

The tininess of Hong Kong homes is well documented. CBRE said that the average household space per person is just 167 sq ft.

Hong Kong

PEOPLE often complain about Hong Kong's notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places.

Welcome to the world of self storage.

The majority of Hong Kong's 7.4 million residents live in cramped homes

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