Fortune Loft ‧ Co Living

The "Fortune Loft Co-Living" initiative, developed under the Tung Wah Group of Hospitals, addresses the pressing housing needs of young professionals in Hong Kong through co-living spaces. Located at the intersection of Fuk Chuen Street and Bo Ti Street, the program intends to foster a sense of community while providing affordable living options for individuals aged 18 to 30. These shared living spaces are designed for two or three residents, who share communal amenities such as kitchens and bathrooms, and are encouraged to take part in various household duties and skills sharing. To promote a supportive living environment and cultivate financial responsibility, the program includes a savings plan whereby participants can receive a matching contribution for their savings. For instance, if a resident saves HKD 300 monthly, they would receive an additional HKD 100, up to a cap of HKD 1,200 per month, issued upon the contract’s completion. Additionally, residents are mandated to participate in the “Good Neighbour Program,” which involves at least 30 hours of community service annually, promoting social engagement and belonging to the local community. Candidates for this housing program must be employed individuals residing permanently in Hong Kong, with specific financial thresholds: a monthly income not exceeding HKD 28,000 and total assets under HKD 398,000. Importantly, applicants must not have any property ownership in Hong Kong and must be amenable to the co-living lifestyle, which emphasizes camaraderie and mutual support. The selection criteria for admission involve evaluating the applicant’s suitability for co-living, housing needs, commitment to community service, and personal financial management plans. Overall, the "Fortune Loft Co-Living" offers a structured approach to co-living that combines affordability with community involvement, fostering social ties among young residents while helping them prepare for future financial independence.