Light Be is the first social housing enterprise in Hong Kong. Starting in 2010, Light Be has pioneered social realty projects, launched Hong Kong’s first social housing network Light Home and the first social housing building Light Housing. Many innovations have been made by Light Be, such as delinking rent from market rate, integrating social housing with tenants’ personal development, engaging property owners to form a housing network, conserving and revitalising idle building for creative social housing, and many more.
Who we are
Light Be determines to temper social housing projects with creativity, impact and private participation.
- Creativity: Untapping distinctive social potential of different properties and promoting diversified personal development of tenants.
- Impact: Pioneering innovative use of real estate resources for higher social impact and sustainability.
- Private participation: Providing ways for individuals and private organizations to create shared value through their own resources.
Light Be has over a hundred flats in 17 districts over Hong Kong Island, Kowloon and the New Territories. Light Be has adopted an one-stop management approach from engaging property owners to promoting tenants’ personal development.
In 2009, Ricky Yu, the Founder and CEO of Light Be, introduced the vision of social realty. Yu resigned from his previous corporate management position, founded Light Be, and has received support from Social Ventures Hong Kong, Lee Hysan Foundation and Chow Tai Fook Charity Foundation on various innovation and development projects.