Hong Kong's office rents are almost three times more
expensive than those in Singapore as property markets in two of Asia's largest
commercial centers have diverged sharply in recent years.
The spread has boosted Singapore's appeal as a competitive
business hub and made it a more attractive location for companies to house
their regional headquarters, according to Cushman & Wakefield Inc.
Scarce supply in Hong Kong's Central area has helped push
rents higher, while the situation has been just the reverse in Singapore, which
is grappling with ample supply in areas including the newer financial district
in Marina Bay.
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