Elderly landlords of subdivided flats say they can’t afford upgrade costs
Some elderly landlords in Hong Kong have said they cannot afford renovations costing as much as HK$400,000 (US$51,060) to ensure their subdivided flats comply with new regulations and they may be forced to take units that rent for HK$3,000 a month off the market. At a media session on Friday, four landlords owning subdivided flats…