XN000022-1990-05-08 — Page 9

OFFICE LOCATIONS

Co

TUESDAY, MAY 8, 1990

THE MOST PREFERRED

OFFICE

LOCATIONS

FAINAIA

GIVEN

ALL SURVEYED FIRMS ARE HONG KONG ISLAND WEST (CENTRAL, WESTERN AND WAN CHAI DISTRICTS) (28 PER CENT) AND KOWLOON CENTRAL (23 PER CENT). FACTORS AFFECTING LOCATIONAL CHOICE ARE GOOD ACCESS BY PUBLIC TRANSPORT (39 PER CENT), GOOD ACCESSIBILITY TO CLIENTS (17 PER CENT) AND REASONABLE RENT/PRICE LEVEL (16 PER CENT).

NEVERTHELESS, MOST OF THE COMPANIES SURVEYED PREFERRED TO STAY

IN THE SAME AREA AS AT PRESENT.

TYPE OF BUILDINGS

SMALL TO MEDIUM SIZED COMMERCIAL BUILDINGS (61 PER CENT) ARE THE MOST DESIRABLE BUILDING TYPE FOR FUTURE MOVES, FOLLOWED BY LARGE COMMERCIAL BUILDINGS (16 PER CENT), INDUSTRIAL BUILDINGS (12 PER CENT), COMMERCIAL AND RESIDENTIAL COMPOSITE BUILDINGS (9 PER CENT} AND RESIDENTIAL BUILDINGS (1 PER CENT).

MEDIUM TO SMALL SIZED COMMERCIAL BUILDINGS ARE MORE DESIRED BY TRADING COMPANIES, LAND TRANSPORT AND COMMUNICATION COMPANIES AND COMPANIES WHICH PROVIDE PROFESSIONAL SERVICES.

AIR TRANSPORT BUSINESSES, ON THE OTHER HAND, PREFER LARGER COMMERCIAL BUILDINGS. ONLY THE MEDICAL SERVICES HAVE SIGNIFICANT INTEREST IN COMMERCIAL AND RESIDENTIAL COMPOSITE BUILDINGS.

FACILITIES

THE FACILITIES THAT COMMERCIAL OFFICES WANTED TO HAVE IN THEIR NEIGHBOURHOOD ARE BANKS (58 PER CENT SAID VERY IMPORTANT), PUBLIC TRANSPORT FACILITIES (50 PER CENT), POST OFFICE (43 PER CENT), PARKING FACILITIES (34) PER CENT), GOVERNMENT DEPARTMENTS (23 CENT), AND CATERING FACILITIES (17 PER CENT).

PER

OF THE THREE MOST IMPORTANT FACILITIES (BANKS, PUBLIC TRANSPORT FACILITIES AND POST OFFICES), MOST OF THE SURVEYED COMPANIES WERE SATISFIED WITH THE PROVISIONS IN THEIR PRESENT NEIGHBOURHOOD.

ONE-THIRD OF THE COMPANIES SAID PARKING FACILITIES WERE INADEQUATE NEAR THEIR ESTABLISHMENTS, PARTICULARLY IN TSUEN WAN (45 PER CENT).

OFFICE SPACE REQUIREMENTS

THE AND

SIXTY-SEVEN PER CENT OF THE BUSINESS FIRMS SURVEYED PREDICTED THERE WOULD BE NO CHANGE IN THEIR OFFICE SPACE REQUIREMENTS IN NEXT THREE YEARS. TWENTY-EIGHT PER CENT EXPECTED AN INCREASE FIVE PER CENT EXPECTED A DECREASE IN THEIR OFFICE SPACE NEEDS.

ON THE AVERAGE, OFFICE OCCUPIERS EXPECTED AN OVERALL INCREASE OF 11 PER CENT OR REQUIREMENT OVER THE NEXT THREE YEARS.

0. 54 MILLION SQUARE METRES IN OFFICE SPACE

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