According to Cushman & Wakefield's Office Space Across the World 2013 report, office rents in Singapore CBD are 51.68% lower than Hong Kong. Singapore rents decrease 16% year on year bottoming out in 2013 with rents unlikely to fall further, increases forecast late 2013 or early 2014.
Encouragingly Singapore rents are increasingly competitive for the region with rates at S$8.61 psf compared to Hong Kong which is the most expensive rents in the region at HK$104.47 psf (S$16.66 psf). Singapore government adopts plan to decentralize business activities to other commercial areas outside the CBD helping keep CBD rents competitive. Full story
