Singapore's top-tier office segment produced a clean set of figures for 3Q2026, and Stacked Homes gathered them on 13 October 2026 in a comparison with Hong Kong. The article's case is that the two cities have drifted from rivalry into distinct functions, with Hong Kong channelling mainland Chinese capital and Singapore hosting technology and AI firms as a regional hub. The numbers below, drawn from that report, show the Singapore side in detail.
Five 3Q2026 Office Numbers for The Golden Mile's Market
- 6.1%: the year-on-year rise in core CBD Grade A rents in 3Q2026, recorded by a research house cited by Stacked Homes. The quarterly step was 1.8%, after 1.9% in 2Q2026.
- 2.7%: core CBD Grade A vacancy at the end of 3Q2026, according to the research house cited by Stacked Homes, against 3.3% one quarter before.
- 5% to 9%: the band of year-on-year rent growth that research house reported for fringe Grade A, core CBD Grade B and fringe Grade B space, by segment.
- 2027 and 2028: the delivery years of the next CBD towers, per Stacked Homes, with Newport Tower in 2027, then The Clifford, The Skywaters and One Comcentre in 2028. No major Grade A tower has opened in the CBD since 2024.
- 100,000 sq ft: roughly the floor area OpenAI is reportedly taking at the newly completed Shaw Tower after a spell in co-working space, Stacked Homes reported.
Supply, Tenants and Hong Kong: Context for The Golden Mile
The research house cited by Stacked Homes ties the rental gains to scarce new stock more than to a burst of demand, and finds no structural decline in leasing, although occupiers decide on space cautiously. Most new arrivals are technology firms and non-bank financial companies such as fintechs, and many treat co-working as a stepping stone before moving to better premises. The Ministry of Manpower's July business expectations poll called the labour-market outlook "positive but cautious", Stacked Homes noted. The article also places these readings in a longer arc: overall office rents slid about 10% during Covid-19, prime CBD rents bottomed in 1Q2021, and the climb carried on after IOI Central Boulevard Towers opened in 2024.
The Hong Kong comparison adds perspective. Stacked Homes reported a 15.0% year-on-year increase in Central Triple A rents, a gain a research house attributed to financial institutions taking premium Central space rather than to a market-wide recovery. Overall Hong Kong prime rents rose 1.3% quarter on quarter in 2Q2026 and remained 42.7% short of their 1Q2019 peak. An HKTDC survey in the article showed 83% of mainland firms expanding overseas picking Hong Kong for finance, legal and tax services, compared with 31% choosing Singapore.
On the eastern edge of the city centre, The Golden Mile is the former Golden Mile Complex of 1973, gazetted for conservation in 2021, at 800 Beach Road in District 7. Developed by GMC Property Pte Ltd, the vehicle of Perennial Holdings and Far East Organization, the 22-storey building holds 156 strata offices on Levels 3 to 22 in the Premium, Loft, Enterprise and Crown collections, 19 strata medical suites on Level 3, a two-level retail podium and a basement car park. Its 99-year lease runs from 18 November 2024, with vacant possession expected on 30 September 2029; walking routes are on the location page.
Project details and the list of balance units are sent by the Sales Concierge on registration through the registration form.
Source: Stacked Homes, 13 October 2026; rent and vacancy figures from a research house cited in that article.
General information only, not financial or legal advice.
Source: Stacked Homes. This article is independent commentary; The Golden Mile is not affiliated with the parties mentioned.
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