Hong Kong Coliving Spaces

The soaring rents in Hong Kong have long kept young people gasping for personal spaces — but not anymore. Demand for affordable accommodation has given rise to a new housing model that is called coliving.

Coliving spaces, a residential trend sweeping the city, refer to a small community of beds or private rooms with shared common areas and amenities, such as kitchens, laundry rooms, gym rooms and home theatres, similar to hostels.

With chic-looking interiors and hotel-like cleaning services, coliving spaces provides a cozier, comfier, more supportive alternative to the typical low-cost rentals. The flexible month-to-month tenancy saves cash-strapped individuals a lot of headaches — say goodbye to year-long leases, required deposits amounting to a few months of rent, cost of furnishing an empty flat, or registering for utilities. You can move into your next carefree home with just a suitcase.

Coliving providers regularly host a variety of social events to build a strong sense of community, bringing warmth largely unseen in most urban neighbourhoods.

Coliving spaces usually attract college students and fresh graduates embarking on their careers, but they have become increasingly mainstream. In fact, some investment banks have rented these spaces for their newcomers in recent years. If you are one of the above who are in need of a place with a short commute to where you work, coliving may be for you.