Hong Kong prime office rents could decline by 10 per cent this year as vacancy rates climb to about 19 per cent, report says
Tenants relocating to newly completed premium spaces drove the spike in demand in Singapore, the report said.
The city state, widely deemed Southeast Asia’s top finance hub, also saw rents improve by 1.3 per cent to S$12.10 (US$9.42) per square foot per month as of the second quarter, according to a separate report by CBRE.
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