🏙️ Singapore and Hong Kong office rents rise as supply stays tight

Singapore and Hong Kong’s prime office markets posted stronger rents in Q2 and H1 2026 as supply tightened and leasing demand held up. The clearest gains came in Singapore’s Grade A CBD towers and Hong Kong Central, where landlords regained pricing power.

CBRE said Singapore’s Core CBD (Grade A) vacancy held at a record low of 3.3% in Q2 2026, while rents rose for a sixth straight quarter. In Hong Kong, JLL said Central Grade A office rents rose 7.3% in H1 2026, their strongest half-year growth in 15 years, with improving retail conditions also supporting sentiment. CBRE’s Singapore figures also showed the office market remained tight, while the article should separately verify any retail and logistics claims against the full report before publication.

Why it matters for investors

The data points to a broader Asia financial hub rebound, with the tightest occupational markets showing the strongest pricing momentum. For institutional buyers, lower vacancy and rising rents improve income visibility, while thinning supply pipelines in Singapore raise the prospect of firmer valuations for prime assets. In Hong Kong, the return of rental growth in Central suggests that well-located office stock is benefitting from renewed demand after a prolonged correction.

➡️ Singapore’s Grade A CBD vacancy hit a record low as office rents extended their upward trend.

➡️ Hong Kong Central delivered its strongest half-year office rent growth in 15 years.

The signal for cross-border capital is that selective prime commercial exposure in both cities is regaining defensive appeal as supply constraints support pricing.