When I started looking at shipping container homes I had already spent a few years working with modular construction of hotels as well as timber frame housing. It was easy to see how a concept of one could fit the other at a lower cost.
On the other hand though many people are very against the idea without even listening to the argument. Bit like a friend of mine who had no money week to week, flash car and upmarket home but an empty pocket. In reality the shipping container home can do a role reversal because you start with money not debt due to cheaper costs of living as the one thing we can’t do without is a roof over our heads.
In China its having the same problem as Shenzhen where a lot of the manufacturing is done in the country has seen house prices climb to unrealistic levels for most people to purchase. In steps the shipping container home which may even before be seen as a “joke property” its now seeing a development as a low cost housing solution across east and west of Shenzhen City. The main reason for choosing one is obviously cost where they can be rented for 6 yuan (US$0.88) per day, which adds up to only 180 yuan (US$26) a month, and 2,160 yuan (US$316) a year.
The owners of the shipping container homes often don’t have rights of land ownership that leave them a fear of being towed away in the middle of the night. the houses are often seen in woods,under bridges, near construction sites or highways in Shenzhen. A price to pay if you want to be in the City but with the average price of housing being 20,000 yuan per square meter (approximately US$272 per square foot) there is more likely to be an increase in container living rather than reduction in the area.
A report by the Economics Daily said that a Mr Wang purchased a container for 10,000 yuan (US$1,465) and rents the land it sits upon. He had originally dreamed of owning a home when he first moved to the city but quickly found the cost of living increasing a lot faster than his salary increases. Because property rentals were also too expensive to rent he took residence up inside an abandoned container that he found in a construction site.
The one good thing out of this is that Container home manufacturers are finding a growing market which will no doubt also improve the quality of the homes. They are now able to successfully compete in the housing market due to the huge demand for low-cost housing. A real estate specialist remarked the interest in “cargo shipping-container houses is the best indication of China’s high price of housing.”
To get an idea of the severity of the housing problem the land has seen prices rise around 40% between December and January. The area has not been affected by China’s stiff measures to control pricing.