First Youth Housing Hostel Attracts Strong Interest
"); jQuery("#212 h3").html("

"); });
2023-03-27 HKT 21:54
Secretary for Home and Youth Affairs Alice Mak said on Monday that around 300 people have signed up for the government's youth housing scheme, which aims to provide affordable accommodation for individuals aged between 18 and 30.
The scheme announced by Chief Executive John Lee in last year's policy address subsidises non-governmental organisations to rent hotels for use as youth hostels.
One of the proposals approved, from the Hong Kong United Youth Association, has seen a hotel on Morrison Hill Road converted into a youth hostel providing up to 194 beds.
Rooms in the BeLIVING Youth Hub range from 176 to 324 square feet, with successful applicants having to pay monthly rent of between HK$3,800 and HK$4,800.
Only Hong Kong permanent residents who earn a monthly salary of HK$25,000 or less and do not own any residential property can apply for the scheme.
Tenants are also required to complete 200 hours of community service a year, which the association will organise through events such as CEO talks and voluntary work.
Online application is open on the youth association's website, with the first phase ending on April 28.
The association's chairman, Alex Young, said the vetting process has begun and over 10 people have signed a contract.
“We prioritise youth who can contribute to the community and we also would review whether the hostel assists and provides convenience to their [the applicants’] work-life balance,” he said.
Speaking at the hostel's opening ceremony, Mak announced that more such projects will come on stream in the second quarter, located in both urban areas and the New Territories.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more

