Elderly landlords of subdivided flats say they can’t afford upgrade costs
Elderly landlords in Hong Kong are struggling to afford the significant renovation costs required to bring their subdivided flats into compliance with new government regulations. Some landlords report renovation estimates as high as HK$400,000, far exceeding government-provided figures, which could force them to remove rental units from the market. These landlords are seeking government assistance to manage the financial burden of these upgrades. AI
