News Snapshot:
Singapore’s office rents have a long way to go before matching Hong Kong’s, even after half a dozen of mainland China’s largest technology behemoths piled into the city state in recent months to set up their regional hubs, analysts said. The average monthly rent for Singapore’s grade A office space may drop by 6 per cent this year to S$9.01 (US$6.72) per square foot, following the 10 per cent plunge in 2020, as the coronavirus pandemic crimped businesses and forced many to postpone their expansion plans, according to data by Cushman & Wakefield. In Hong Kong, average office rent in...
