In Hong Kong, over 60% of subdivided flats have applied for a three-year grace period to comply with new housing regulations. Housing chief Winnie Ho stated that as of Monday, applications covered more than 70,000 subdivided units from approximately 20,000 flats. This initial registration phase, which concluded on Monday, aimed to bring subdivided flats into compliance with the Basic Housing Unit Ordinance, enacted in March. Landlords who registered during this period will receive a waiver on certification fees for the next three years. AI
RANK_REASON Significant regulatory action impacting a large number of housing units in a major city. [lever_c_demoted from significant: ic=1 ai=0.0]
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