Tenants of Hong Kong’s subdivided flats have welcomed the idea of keeping their rent levels under control, but say they struggle to understand how the mechanism will work and feel a maximum rent increase of 15 per cent is too high.Housewife Ho Mei-ying, 34, lives with her family of four in a 100 sq ft subdivided flat on the eighth floor of a walk-up building in Cheung Sha Wan. They currently pay HK$4,100 (US$527) per month, including HK$3,400 in rent and about HK$700 for utilities.The four…

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