A hotel and serviced apartment in Tsuen Wan is aiming to lure university students and those on exchange programs by offering an affordable accommodation option.
Bay Bridge Hong Kong has re-designed some sea-view apartments into 4-bed ensuite rooms and is offering each bed for HK$4,000 per month.
Forty-eight traditional one-bedroom units, each measuring 660 square feet, have been converted into ensuite rooms containing four high sleeper beds, with a shared bathroom and kitchen.
The accommodation facilities have been patterned on the lines of those available in student hostels at universities.
Bay Bridge hopes it can attract a young crowd, particularly overseas nationals who visit Hong Kong on university student exchange programs.
For those who do not want to sign for a monthly package, the beds will be offered at a daily rate of HK$190.
Three floors of ensuite rooms at Bay Bridge are now dubbed as Campus Hong Kong. Starting from May, 192 beds have been made available. According to the hotel staff, beds have been fully booked from August to December.
According to information posted on Bay Bridge website, if four people rent a room together, the combined charge will be cut by HK$1,000 to HK$15,000.
The figure includes all rates, management fees, air-conditioning, water and electricity charges and regular cleaning service twice a week.
Form January 2016, the monthly rate will be raised to HK$6,000.
Prior to the conversion of the units, Bay Bridge had been offering each single bed room apartment at HK$23,800 a month.
Following the redesign into a student-type accommodation, the rental income per room will decline by about 35 percent.
However, the hotel hopes to make it up through increased occupancy rate. According to a source cited by Sky Post, the occupancy rate has already gone up by 10 percent compared to last year’s 80 percent level.
A spokesman for Bay Bridge Hong Kong was quoted as saying that Hong Kong currently doesn’t have enough affordable housing options for foreign students and management trainees, and that Campus Hong Kong aims to fill the gap.
A student from Hong Kong Baptist University said she will not take Campus Hong Kong into consideration as she would need to pay HK$30,000 extra when compared to the annual rental cost for a general university hostel place.
Another student, surnamed Wong, from Hang Seng Management College, however said the ensuite rooms offered by Campus Hong Kong are better than the facilities at school hostel, and that she may rent beds along with some classmates.
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