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A Guide to Office Space in Hong Kong

Getting to Know the City Hong Kong is classed as part of the People's Republic of China, after previously being a British colony. Despite being only just over 1,100 sq km, Hong Kong has a population of over 7 million people, equating to an overall density of more than 6000 people per sq km making it one of the most densely populated countries in the world. Hong Kong primarily consists of Hong Kong Island (most populated), Lantau Island (the largest), Kowloon Peninsula and the New Territories; however, there are well over 250 other small islands that constitute Hong Kong. Hong Kong is often viewed as the financial and economic centre of Asia, with the Hong Kong Stock Exchange (Hang Seng) the sixth largest in the world, and with a market capitalization approximated to be around US$3 trillion (end of 2007). Hong Kong has one of the highest GDP per capita in the world, with an average of about US$38,127. This exceeds the figure for some of the countries with the largest economies in the world, including UK, Japan and Germany. Local Industry Hong Kong has a strong service sector, accounting for 90% of the GDP, whereas previously, the manufacturing industry played a major role, this sector's importance is diminishing, with China and other Asian countries becoming of greater significance. Hong Kong has the largest number of skyscrapers in the world, beating major cities such as New York City and London, with over 7,700 skyscrapers used for both commercial and residential purposes. Development Hong Kong has seen major redevelopments in order to accommodate the large population for an area so relatively small. Out of the fifteen tallest skyscrapers, four are located in Hong Kong, including International Finance Centre II (IFC2) (the tallest skyscraper in Hong Kong) and the Bank of China Tower (easily recognizable with its


angular structure). In 2010, Hong Kong should be host to the International Commerce Centre which is expected to feature in the top five tallest skyscrapers in the world.

Transport Hong Kong has an extensive public transport network, with nine out of ten journeys in Hong Kong made using public transport - the highest in the world. This includes the underground network, buses (double-decker and small vans) and the recently the Hong Kong Airport has been connected to the main underground network for easier access. The Octopus card payment system, not only restricted to transport but can also be used for payment such as leisure centres, cinemas and some retail shops, has played an important role in getting people to use the public transport network. Interestingly, after significant investment in the health sector, Hong Kong has the second highest life expectancy in the world, with the average length of life just over eighty one and a half years in 2006. View Instant's selection of offices in Hong Kong now. For information about office space in Hong Kong contact Instant Offices at hk@instantoffices.com.


A Guide to Office Space in Hong Kong