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Story summary
- Some landlords in Hong Kong are investing millions to renovate subdivided flats ahead of new standards taking effect March 1.
- Yet many remain hesitant due to high costs and challenges meeting waterproofing and fire-safety requirements.
- Matthew Lau Chi-kwong, who manages over 500 subdivided homes, has begun upgrading 20 flats at about HK$2 million.
- He emphasizes the need for flexibility in compliance.
- Concerns persist about the impact on poorer residents.
