kno wledge the hong kong colliers international topical research paper suite 4907 central plaza 18 harbour road wanchai tel 852 2828 9888 fax 9899 www com hongkong november 2004 serviced apartment overview introduction underpinned by sound market fundamentals in continued to forge ahead past twelve months terms of rate rental growth has entered into a new phase particularly after successful implementation closer economic partnership agreement cepa second half 2003 on demand supply benefited from an increase number inbound visitors and business travelers demanding short term residential accommodation side there are developments pipeline non traditional districts such as tsuen wan kwai chung meanwhile apartments areas will due completion two 2005 2006 under scenario some analysts predict that might be consolidation when these both core decentralized hit next
