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The Nexus
BUSINESSMay 29 · 10:04 UTCSCMP CHINAKristen Cheung

Elderly landlords of subdivided flats say they can’t afford upgrade costs

Elderly landlords in Hong Kong struggle to afford HK$400,000 renovation costs for subdivided flats under new regulations, risking removal of rental units. Four landlords in Sham Shui Po and Yau Ma Tei have registered for a government grace period but face financial challenges.

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Mentioned
Hong KongplaceSham Shui PoplaceYau Ma TeiplaceBasic Housing Unit OrdinancetopicHK$400,000topicHK$3,000topic
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