First batch of Hong Kong landlords spend millions fixing subdivided flats ahead of new law

AI Summary
Ahead of a new law taking effect on March 1st, some Hong Kong landlords are investing millions to renovate their subdivided flats to meet new minimum standards for legal leasing. The Basic Housing Units Ordinance requires certification by building professionals, with non-compliance potentially leading to fines and imprisonment. Landlords face challenges in meeting requirements like waterproofing and fire safety, requiring expert advice. Matthew Lau Chi-kwong, managing over 500 subdivided units, has spent approximately HK$2 million upgrading 20 flats, merging units and installing windows. While some landlords are proactively upgrading, others are hesitant due to the high costs involved. The law aims to improve living conditions in subdivided flats across Hong Kong.
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