
Singapore's office occupancy cost remains about 62% more affordable than Hong Kong's
Office occupancy cost of Singapore remains at US$191.97 psf per year as of December 2010.
According to Colliers International Research, continued space tightening in Hong Kong saw their office vacancy rates falling to just 3.1% as at end-December 2010, the lowest in the Asia Pacific region. With Hong Kong's Grade A CBD rents extending their climb by 18.9% (or 19.2 % in local currency terms) in the six-month period from July 2010 to December 2010.