Can Singapore’s office rents outprice Hong Kong as Alibaba, ByteDance, Tencent set up shop in rival financial hub?

• The average monthly rent for Singapore’s grade A office space may drop by 6 per cent this year to S$9.01 per square foot, according to Cushman & Wakefield
• In Hong Kong, average office rent in the Central district may fall by between 5 per cent and 10 per cent this year, according to JLL