Based solely on my personal experience, I would recommend it. Helps esp. if you are from out of town and don't have any friends. I have stayed up many times late in the night discussing professors, classes, or homework.
I also spent a semester at the HKUST on exchange and was thrown together with 3 other guys who I had zero in common with to share an apartment on Campus
1. American going to School in Melbourne, Australia a martial art and jujitsu expert
2. 36 year old Brit from Manchester Business School who was very fond of Asian women and anything with alcohol
3. Indonesian guy from a school in Japan who was very smart and very quiet
It worked out very well but maybe that was due to my shining personality
P.S. I have heard some horror stories, but very few. Probability is on your side.