Space Sharing Scheme for Youth
The Space Sharing Scheme for Youth (SSSY) is premised upon tripartite collaboration among the business sector, non-government organisations (NGOs) and the Government. Owners of revitalised industrial buildings and commercial buildings are invited to contribute floor areas for the operation of co-working space or studios to support young people. SSSY has received wide support and positive feedback from a great number of property owners. The first batch of properties under SSSY is expected to provide a total of around 90 000 square foot, distributed across Kwun Tong, Tsuen Wan, Wong Chuk Hang, Lai Chi Kok and Wan Chai districts. Some of the properties will be operated by NGOs including the Cyberport, Po Leung Kuk, Hong Kong Arts Development Council and the Federation of Hong Kong Industries, while some will be run by the property owners themselves.
The Government will not take part in the operation or tenancy arrangements of SSSY. We will serve as an active facilitator through matching participants with operating agencies, who will arrange signing of contracts between themselves.
In addition to the concessionary rental and “hardware” support, participating companies may also provide diversified “software” assistance, such as training support, mentorship programme and incubation services, for their young users, so as to help with building their network, pairing up with investors, and to spark their creative inspirations through exchanging ideas.
Participating companies under SSSY are expected to make available the space offered for at least six years. Property owners will charge the operating agencies not more than one-third of the prevailing market rental, while operating agencies will charge young users rental not more than 50% of comparable market rental. To allow flexibility, the Government will not mandate the setting of age limit for the end users so that more young people pursuing careers in creative industries, innovation and technology, as well as arts and culture could be benefitted.
A press conference on the SSSY was held on 27 October 2017 to unveil the scheme. You can browse the information announced at the press conference here.
SSSY has been rolled out since the first half of 2018. Some of the properties have already commenced operation or recruitment of young users. You may refer to the table below for further details. Other properties under SSSY will also be launched in due course, and we will update the ensuing table regularly.
|Co-working Space for Youth / Location||Operating Agency||Webpage|
|Emperor Group||Mustard Seed Co-working Space – Wan Chai||Operated by Property Owner||https://www.mustardseed.space/about|
|Hip Shing Hong (Holdings) Co. Ltd.||Po Leung Kuk C3 Co-Working Space for Youth
Genesis – Wong Cuk Hang
|Po Leung Kuk||https://www.facebook.com/PoLeungKukC3/
|HKR International Ltd||Smart-Space 8
CDW Building – Tsuen Wan
|Prompt Trading Ltd.||Po Shau Centre – Kwun Tong||Hong Kong Arts Development Council||http://www.hkadc.org.hk/?p=22453&lang=en
(Application is closed on 14 May 2018)
|Sino Group||Pan Asia Centre – Kwun Tong||Hong Kong Arts Development Council||http://www.hkadc.org.hk/?p=23798&lang=en
(Application is closed on 5 September 2018)
|Stan Group (Holdings) Limited||The Wave (Co-working Space) – Kwun Tong||Operated by Property Owner||https://www.thewave.com.hk/workspace/kwun-tong/|
|Sun Hung Kai Properties Ltd.||INDEX
Infotech Centre – Kwun Tong
|Federation of Hong Kong Industries||http://index.startup.org.hk/en|
*in alphabetical order
(Information as of September 2018 and will be updated regularly.)