Property News · April 9, 2020

Singapore’s office market outperforms Hong Kong’s as the rival Asian hubs battle coronavirus outbreak


Singapore’s office market has weathered the coronavirus pandemic better than rival Hong Kong’s, data shows, as the latter relies more heavily on mainland Chinese companies, many of which have bailed amid the crisis. Premium office rents in Singapore’s central business district were unchanged from the fourth quarter of 2019, according to property consultancy Colliers. Those in Hong Kong fell 5.2 per cent in the quarter, the biggest decline in over a decade, data from Savills shows. The amount…

Source : South China Morning Post
Read more…Singapore’s office market outperforms Hong Kong’s as the rival Asian hubs battle coronavirus outbreak

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