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CK Hutchison Posts 41% Profit Jump as Virus-Hit Units Recover

CK Hutchison Posts 41% Profit Jump as Virus-Hit Units Recover
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Work-from-home future fades in Asia as offices seek more space

Work-from-home future fades in Asia as offices seek more space July 23, 2021 | 12:31 am AS THE PANDEMIC rages in Asia, offices are making a comeback. More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group, Inc. The study found that 66% of Asia-based firms expect to add space in the next three years, up from only 28% in October. By contrast, only 35% of multinational companies see their office portfolios growing over the period. The divergence suggests that once the pandemic fades, more Asian companies are likely to maintain traditional working arrangements than their European and US-based peers, many of which are prepared to make working from home a permanent aspect of employment to cut real estate costs.

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