Hong Kong: 73,800 subdivided flats apply for 3-year grace period under housing law

Hong Kong's housing authority received 73,800 applications for a three-year grace period under the Basic Housing Unit Ordinance, covering ~70% of the estimated 110,000 subdivided flats. The high uptake suggests landlords are complying with new minimum standards, though enforcement and actual upgrades remain uncertain. This is a domestic policy implementation milestone, not a market-moving event.