Not many tenants will tell you that renting is “a lifestyle choice”. Yet a cohort of young professionals is making a conscious decision to rent rather than buy. They are being lured into the world of co-living — developments where you rent a furnished room, pay all-inclusive monthly bills and have access to communal facilities, from onsite restaurants and cinemas to saunas and spas. Think student housing meets hotel-style living. Presumably the residents feel that they are getting more bang for their buck. Many, I suspect, are fed up with negligent landlords and house shares. I can understand the attraction, particularly for those who are new to a city; co-living schemes offer a built-in social life and the chance to meet other like-minded people. At
Millennials are turning to co-living as they make a conscious decision to rent rather than buy. Many now rent furnished rooms, with all-inclusive monthly bills and access to communal facilities such as spas, restaurants and cinemas. The co-living concept started in the UK but sites have sprung up across the Hong Kong , Hong Kong and UK as young people increasingly look for a luxury lifestyle in the short-term, rather than a home for the long-term.