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.