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Australian co-working firm Victory Offices braves ‘overcrowded’ Hong Kong market to open space in iconic The Center

Victory Offices, an Australian co-working space operator, has opened its first location in Hong Kong – on the 76th floor of the iconic The Center skyscraper – braving the city’s ongoing political crisis and a crowded, highly competitive shared office market.The company has leased a 25,000-square-foot space near the top of The Center, the city’s most expensive office tower, in the main business district.Victory’s foray into Hong Kong – its first overseas – comes as the city’s economy teeters on… Source link

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Property 

Going underground: do plans for Kowloon Park’s subterranean space go far enough?

If you have ever tried to travel across Tsim Sha Tsui, by foot or by road, you know it is far from an easy task. Pedestrian and traffic congestion make covering even short distances troublesome, but a pilot study into the creation of an underground zone beneath Kowloon Park has the potential to ease the overcrowding above ground.According to conceptual plans, three storeys of underground space are designed to alleviate street-level traffic, enhance pedestrian access, and create a diversified… Source link

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Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale

The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest.“Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company.The… Source link

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Singapore 

PMD user allegedly hogs wheelchair space on MRT train, ignores wheelchair-bound commuter, Singapore News

Some can’t live without them, some can’t live with them. We’re talking about Personal Mobility Devices (PMD). For one wheelchair-bound woman, it meant her dedicated space on the train being taken up by a PMD. In a Facebook post, Puteri NurSuhana asked whether it was appropriate for PMD users to park their devices in a spot meant for handicapped passengers. According to her, she asked the man to give up the spot, only to be ignored. PHOTO: Facebook  As someone who suffers from cerebral palsy, she added that it was hard…

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Singapore 

Woman creates her own personal space on train – with a hula hoop, Singapore News

Hate rubbing shoulders with strangers on a train? A female commuter that Stomp contributor Lee came across on Thursday morning (July 25) had an unusual solution: By standing in a hula hoop. Lee said she spotted the woman when the train was travelling towards Novena MRT station on the North-South Line, at around 10 am. She told Stomp: “The woman was already standing in her circle when I boarded the train. “Everyone behaved like it was normal to not step into the circumference of the hula hoop. “I found it…

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Vietnam 

HCM City co-working office space market developing strongly – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of CirCO Coworking in District 4, HCM CIty.— Photo coworker.com HCM CITY — The flexible office market in HCM City comprising co-working and serviced offices is among the fastest growing in the Asia Pacific, market researchers said.  At a meeting with the media to report on the city property market in the first half of the year, CBRE said HCM City was one of the top three flexible office markets in the Asia Pacific. Of its total office space, flexible office accounted for 2 per cent…

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Property 

Office glut creeps up in Shenzhen, Beijing and Shanghai as trade war saps growth plans while start-ups move to hipper co-working space

A building frenzy in southern China’s version of Silicon Valley has driven the vacancy in Grade A offices to a record high, putting the squeeze on part-time developers whose blind inexperience have led them into the industry.A record 1.79 million square metres (19.27 million square feet) of vacancy, equivalent to 10 of Hong Kong’s IFC towers, stood in Shenzhen at the end of June, requiring about two years to fill up, according to the real estate consultancy CBRE. Half of that empty space lies… Source link

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Vietnam 

Vietnamese goods struggle to find shelf space at home as foreign retailers dominate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Early last week Thailand’s Central Group, the owner of the supermarket chain, had sent a letter to Vietnamese vendors saying it plans to stop buying garments from this month “until further notice” to restructure the business. — Photo zing.vn BUSINESS BEAT Compiled by Thiên Lý Though Big C Vietnam’s decision to stop buying Vietnamese garments was discontinued immediately and it was soon business as usual, public opinion has yet to settle down, with many people worrying about the fate of Vietnamese goods in future. Early last…

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Property 

Fear of protests disrupting operations forces companies in Admiralty to look for co-working space

Some big companies in Admiralty are seeking co-working space as part of contingency plans to prevent any disruption to their operations in case of prolonged protests in the central business district, but such talks are mostly exploratory, say market observers.“We have received inquiries from big corporates in Admiralty to rent flexible working space as their plan B,” said Thomas Hui, chief executive of co-working space operator theDesk.He said that companies were looking at anywhere between 10… Source link

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Elon Musk’s fleet of low-orbiting Starlink satellites dot space, leave astronomers upset

Two days after Elon Musk’s SpaceX launched 60 satellites in May as part of a mission to bring quick internet service to people worldwide, astronomers noticed something different.As some of the satellites zipped past the Lowell Observatory in Flagstaff, Arizona, telescopes trained on the night sky captured streaks of reflected sunlight that marred their view of a far-off star system.Astronomers now worry that the vast number of communications spacecraft planned, including nearly 12,000 of Musk’s… Source link

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