Housing people: Compact living and co-living are trends to watch, particularly as the for-rent multifamily sector grows in Asia Pacific
Asia is home to some of the largest — and growing — populations in the world. China’s 1.4 billion population alone is more than four times that of the United States’ 328 million, which is the equivalent of China’s millennial population. As floor plates shrink in major cities to accommodate urbanisation and economic migration, “compact living” and “co-living spaces” are gaining traction, all while the region’s middle class grows.