Vanke Showcases Microapartment, Size of Parking Space

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Tom Orlik and Esther Fung, In China, a Move to Tiny Living Space. 'Urban residents in China have no right to live in large houses,' says Vanke Chairman Wang Shi in a recent book. Wall Street Journal, Oct 17, 2012.
http://online.wsj.com/article/SB ... 44592999502174.html
(160 square feet; "At a price of about 835 yuan ($133) a square foot, an apartment that size is relatively affordable at the yuan equivalent of $21,500, which is around six times per-capita disposable income for China's urban residents. By contrast, the larger apartments that have been the traditional focus of China's developers could cost as much as 40 years' income")

Quote: "Some 50 million of China's 230 million urban households live in substandard quarters often lacking their own toilet and kitchen, research firm Dragonomics estimates.

Note:
(a) SouFun Holdings Ltd  搜房公司
http://soufun.com/
(b) Shimao Property Holdings  世茂房地产集团控股有限公司