HKFYG March 2020 | Youth Hong Kong
PH2 essentials HKFYG’s youth hostel, dubbed “PH2”, is a first for Hong Kong. The goal is to create a residential community for working young people aged between 18 and 30. The hope is to help them build stronger life skills and social networks as well as better financial planning. Rents are set at 60% of local market prices. Purpose-built on the foundations of a former Federation Youth SPOT, the 20-storey building still has a youth centre that is open to the public on the ground floor and first floor. PH2 communal facilities are sited on the second and third floors. All other accommodation is on the upper floors. Location 2 Po Heung Street, Tai Po Market
Eligibility
Accommodation 78 units for 80 persons
Age 18-30
Including:
Total net asset limit for an individual tenant not to exceed $364,000
Total income and net asset limits for two joint applicants is double that of individuals
Monthly rent HK$4,248-HK$5,831
Double units also suitable for the disabled approx 398 sq ft
Monthly rent HK$8,670-HK$8,711
Co-living units for three with shared living room
Monthly rent per person HK$4,606-HK$5,671
First tenancy duration Two years Renewable For a maximum of five years
46
initial income level not to exceed HK$21,000
Single units [approx 187232 sq ft]
Existing Hong Kong residential property owners excluded Aspirant applicants are selected by lottery and then by interview Application is open annually for a specific period Current year [2019] applications closed First move-in date March 2020 More details visit PH2.hkfyg.org.hk
