HONG KONG: For most young adults, moving out of home is a rite of passage but in Hong Kong - notorious for its chronic lack of housing - it's usually an unaffordable dream. Silver Ho, a 26-year-old hair stylist assistant who was tired of arguing with his parents, counts himself as one of the lucky ones. Tw
HONG KONG: For most young adults, moving out of home is a rite of passage but in Hong Kong - notorious for its chronic lack of housing - it's usually an unaffordable dream.
Ho also pays rent of just HK$4,400 per month, 27 per cent cheaper than a space in a sub-divided flat in the same neighbourhood. Such partitioned units often have no personal bathroom and are barely big enough for a bed. Applicants - who must be younger than 31, earn less than HK$25,000 a month and have less than HK$380,000 in assets - are chosen after interviews. They are also required to do 200 hours a year of community service or approved activities to keep their rooms.
Public housing units are available for low-income people but the average waiting time is 5.3 years. Families and the elderly are favoured, so the chances of one going to a young single person are close to nil. It now aims to provide 3,000 beds in five years through hotel-to-hostel conversions, which would come on top of 3,400 planned under the first programme that are either being built from scratch or through redeveloping properties owned by non-profit groups.
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