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HKFP speaks to subdivided unit operators who say they will not renovate substandard flats to comply with proposed new laws, citing high costs and legal uncertainty.
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Construction is underway at numerous sites in Seaside Heights, but the property officials once thought would jumpstart redevelopment remains vacant.
The average price of a home in Seaside Heights continues to soar: It was $567,277 in 2024, up nearly 32% from 2023.