70% of Hong Kong Subdivided Flats Registered for Grace Period
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Insights by Echo AI
Approximately 70% of Hong Kong's subdivided flats have been registered for a three-year grace period under a new law aimed at improving living conditions. The registration process, which opened in March, has seen around 75,000 flats across about 21,000 whole flats registered. Most registrations came from Kowloon's Yau Tsim Mong district. Landlords have until February 28, 2023, to register their properties, after which they will have until February 28, 2030, to ensure their properties meet minimum living standards or convert them back into traditional flats.
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