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Regus sees market potential for flexible workspaces

Dec 21, 2011
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As Singapore commuters face more MRT disruptions, flexible work practices are starting to sound more appealing.

Employees who spend most of their time travelling to and from their respective workplaces have conveyed “increased dissatisfaction, decreased productivity, as well as a lower quality of life”, said William Willems, Regional Vice President for New Zealand, Australia and Southeast Asia at Regus Group, a provider of flexible workspaces.

A solution to this dilemma would be flexible work practices, particularly flexible offices which enable employees to work near their homes, saving on commuting time. This work practice could also attract potential talent, he said.

Willems cited that the Asia Pacific, including Singapore, has potential for growth in the flexible work solutions market. A survey conducted by Regus in September revealed that 50 percent of local companies plan to hire more freelance staff, while 32 percent intend to employ more remote workers in 2011 — 2012.

Regus’ revenue contribution from Asia will likely be “much bigger in the next 2-3 years to come,” he added.

“We have doubled our operations here in Singapore over the last 18 months. We believe that in Singapore here, in the next 24 months, we will reach 500,000 sq ft of flexible work spaces. We will triple or quadruple our capacity here in the next four to five years.”

Related Stories:

Savills predicts 15% drop in office rents

Singapore office market cools down

K-Reit’s 8 Chifley Square gets first anchor tenant

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