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…

In breve

Elderly landlords of subdivided flats face financial difficulties in upgrading their properties.

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

Contesto

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 in Sham Shui Po and Yau Ma Tei said they had registered for the government’s grace period under the Basic Housing Unit Ordinance but were struggling to meet the new... According to the collected source material from www.scmp.com, 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…

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Cosa resta incerto

• Uncertainty about the financial situation of elderly landlords

Categoria: cronaca
Entità: Elderly