Prime office rents up in asia-pacific

Prime office rents are on the up in the Asia-Pacific region.

Rates in Hong Kong grew 2.9 per cent in the first three months of 2014, according to Knight Frank, boosted by connections between the Hong Kong and Shanghai Stock Exchanges. Singapore enjoyed a strong rise of 3.6 per cent across the quarter, while Tokyo saw rents climb 6.2 per cent thanks to growing domestic demand.

Knight Frank's overall office rental index for the region increased 1.3 per cent during the three months.