Source : Business Times - 14 Nov 2008
Many multinational firms are keen to take up more commercial space in Asia next year despite the ongoing financial crisis and slowing economic growth, a survey by Jones Lang Lasalle (JLL) showed on Friday.
JLL, one of the world’s largest real estate service firms, said a recent survey of 28 multinational firms that have large presence in Asia showed a majority still expect to take up more space in the first half of 2009.
But over half of the respondents said the expansion will be smaller than originally envisaged.
‘Asia remained the overwhelming first choice for new business activity,’ JLL said.
‘Pointing to the now familiar rationales of lower costs and more pronounced market growth potential, four-fifths of the companies said that they are favouring their Asian units at the expense of their operations based in other regions,’ it added.
No comments:
Post a Comment