Regal Int'l (00078.HK)'s Regal East Hotel in Kowloon City was recently approved to be converted into a youth hostel, with 80 rooms providing up to 160 accommodation spaces. The monthly rent ranges from 4,500 to 4,650 Hong Kong dollars. Since last Wednesday (23rd), it has received over 110 applications, and it is expected that occupants can move in as early as December 1st. Successful applicants are required to participate in training courses, exchange activities, internship programs, etc. within a year, accumulating 200 hours of activity hours.

The project was launched through a collaboration between Yan Oi Tong and Regal Int'l Hotel Group. Stanley Cheung, Chairman of the Board of Directors of Yan Oi Tong, stated that the received applications include over 90 single applications and over 10 double applications, which will be processed on a first-come, first-served basis for interview appointments.