Prime office rents in Hong Kong and Singapore are expected to reach parity within two years, driven by diverging dynamics in demand and supply for office properties in the rival business hubs, according to CBRE.
By the fourth quarter of 2027, tenants in premium office spaces in Hong Kong were set to pay just over US$122 per square foot per year, while those in Singapore would face slightly higher costs at about US$123 per square foot annually, said Ada Choi, head of research for Asia-Pacific at…