The CEO and Founder of Garage Society, a coworking space aggregator based out of Hong Kong, has spoken up about the increasing interest in coworking spaces across Asia and how different countries in the region are adopting this new way to work.
An investment banker turned serial entrepreneur, Elaine Tsung founded Garage Society in 2014 as she realized the need to create flexible workspace solutions and provide business support to the new generation workforce across Asia.
In an interaction with People Matters, Tsung recalls, “Things in the space of people and work started to shift and we observed some interesting emerging trends, largely powered by technology. I was not equipped enough to build a tech company but at the same time, I was able to observe that the rapid development in technology is going to shift workplace priorities as well.”
“I wanted to build a platform to help the tech and new age companies, nurture a workplace environment where everyone can prosper and foster a community where like-minded people work, live, learn and grow through sharing and collaboration,” shares Tsung.
The first coworking space was then opened in Hong Kong, which is also the birth country of Tsung. Now, the coworking spaces of Garage Society are in Thailand, Cambodia, the Philippines and recently have also made its way in India.
As of 2018, the Asia Pacific flexible workspace market was the fastest growing. According to the Instant Group report, the coworking space supply in its key cities increased by over 15 percent. According to expert estimates, the region has over 8,600 centers offering flexible offices.
Read as Tsung discusses the rise of coworking spaces in India. The interview also features Prashant Garg, Country Manager - India who talks about Garage Society’s expansion plan in India.
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