Report | Future Cities

A Tale of Two Cities: Hong Kong SAR vs. Singapore

April 28, 2023


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Hong Kong SAR and Singapore are both firmly established as popular locations for multinational corporates to locate their Asia Pacific headquarters. 

While the two cities have always enjoyed a competitive rivalry, recent sociopolitical developments and the enactment of anti-pandemic measures, although now abated, have prompted some companies to think about their operational and physical footprint in the region.

This report compares the two markets across seven key factors:

  • Influence in Asia Pacific
  • Scale of financial industry
  • Scale of technology industry
  • ESG and green building initiatives
  • Talent availability and attraction
  • Office rents/price
  • Office availability

The report also discusses topical issues such as:

  • How the two cities are set up to develop and grow in the post-covid world
  • The competitive advantages of the two cities across industries
  • Whether real estate pricing and rental gaps are narrowing, and by how much
  • How the two cities will evolve over the next decade with reference to government master plans

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