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Prices Poised to Continue Rising – SCMP features commentaries by CEO of The Executive Centre

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Paul Salnikow, Chairman & CEO of The Executive Centre, commented on the Hong Kong serviced office market trend in a South China Morning Post interview. Paul described the Hong Kong office market as mature, slow moving, and rather static.  According to Paul Salnikow, Hong Kong office market is mature and slow-moving. The best performing district for serviced offices is Central and the best performing serviced office centres are those in the best buildings in Central. He anticipated that in the second half of this year, two to three new serviced office centres will open but at the same time, two to three existing serviced offices will close, as they fail to afford the underlying base rental levels. However, the serviced office market performance will continue to be positive due to the economic slowdown in both the West and China, making corporations less willing to invest in long-term deals for office space. Please click here to view the full article.  
About The Executive Centre

The Executive Centre is the leading premium serviced office provider in Asia Pacific with over 80 centres in 21 cities. Founded in 1994, it operates in Hong Kong, Beijing, Chengdu, Shanghai, Tianjin, Shenzhen, Guangzhou, Macau, Taipei, Tokyo, Seoul, Singapore, Jakarta, Bangalore, Chennai,Pune, Mumbai, Gurgaon, Brisbane, Perth and Sydney. The Executive Centre provides serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small and medium enterprises, and start-ups locally, regionally and internationally. Please visit our Web site at www.executivecentre.com.au

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