Hong Kong's three serviced office centres operated by global instant offices specialist Regus are booming with more than 70 per cent occupancy, despite the bursting of the dotcom bubble. Asia-Pacific managing director Filippo Sarti said: 'In fact, the occupancy rate is increasing even though we are facing an economic downturn.' He expected the office stations to be fully let by the end of the year. The niche was 'bundle pricing' to lower cost and provide competitive rentals for limited resources companies. During the past 10 years, Regus has set up 390 business centres in 197 cities in 15 countries, providing more than 1.2 million square feet of grade-A serviced offices with 84,000 workstations. Mr Sarti said the company was using a 'global purchasing skill' to reduce operating costs and benefit individual clients to start a business. The company's worldwide telecommunications connectivity enabled it to provide a 30 per cent discount on international calls and Internet connectivity. Regus has three business centres in Hong Kong, including the 18th and 19th floors of One International Financial Centre in Central, the 39th floor of Pacific Place in Admiralty and the second floor of Shui On Centre in Wan Chai. All are near Mass Transit Railway stations as well as malls and hotels. Recently, the company launched a package to allow small companies to rent a fully furnished and serviced grade-A office for less than HK$300 per day, including full administrative support, information-technology and telecoms connectivity packages. It means the monthly rental is below HK$9,000. Rentals had not been reduced amid the economic recession but Regus offered special discounts for longer leases, Mr Sarti said. 'The average deal is 12 to 13 months but we want to encourage longer-term business,' he said. Mr Sarti felt international companies would set a broader time frame - between six months and three years - for strategic planning in a downturn. Anticipating expansion potential for serviced offices in Hong Kong due to its status as an international financial centre and excellent transport infrastructure, Regus had reserved a leasing priority option to rent another two office floors in Two International Financial Centre, centre manager Leila Luqman said. Regus, listed in London and New York, is looking to expand in other Asian cities such as Singapore, Beijing and Shanghai.