Published
Readers following the business-space market have asked who is behind the demand for Singapore offices, and a Stacked Homes article of 13 October 2026 gives a fairly specific answer. The piece, which sets Singapore's prime office market against Hong Kong's, points to technology and finance-adjacent firms on one side and a shortage of new towers on the other. Three questions cover its main points.
Technology firms and non-bank financial companies, including fintechs, make up most of the tenants entering the market, Stacked Homes reported. Many start in flexible co-working arrangements and later move into higher-quality space, a pattern known as a flight to quality. The best-known example in the article is OpenAI, which is reportedly relocating from shared premises to the newly completed Shaw Tower, on about 100,000 sq ft, according to Stacked Homes. The research house it cites sees no structural deterioration in leasing while noting that occupiers assess requirements carefully, and the Ministry of Manpower's July business expectations poll described the labour-market outlook as "positive but cautious".
Not much. A research house cited by Stacked Homes placed core CBD Grade A vacancy at 2.7% in 3Q2026, against 3.3% in 2Q2026. Rents in that tier rose 1.8% quarter on quarter in 3Q2026 after 1.9% in 2Q2026, ending 6.1% up on the year. Fringe Grade A, core CBD Grade B and fringe Grade B rents gained 5% to 9% year on year, by segment, according to the same source. The research house attributes the climb more to thin supply than to a spike in demand: no large Grade A building has been completed in the CBD after 2024, with Newport Tower due in 2027 and The Clifford, The Skywaters and One Comcentre in 2028.
Stacked Homes argues the two cities have moved from competing for one role to filling complementary ones: Hong Kong as a gateway for mainland Chinese capital, Singapore as a regional hub for technology and AI firms. An HKTDC survey cited in the article found 83% of mainland companies expanding overseas choose Hong Kong as their base for finance, legal and tax services, compared with 31% for Singapore. Central Triple A rents in Hong Kong rose 15.0% year on year, which a research house read as financial institutions relocating into premium Central space rather than a market-wide recovery, Stacked Homes reported.
Outside the office segment, Generations @ Tannery is a freehold B1 multi-user industrial development by Providence Estates (Tannery) Pte Ltd of Providence Group, at 71 Tannery Lane in District 13, within the Geylang Planning Area and about a 6-minute walk from Mattar MRT. Its 12 storeys on a 3,150.10 sqm site hold 54 ramp-up and lift-served production units and 5 industrial canteens. TOP is expected in Q1 2029, vacant possession on 31 December 2030 and legal completion on 31 December 2033. Unit details are on the project details page.
Questions on unit sizes and availability go to the Sales Concierge via the enquiry page.
Source: Stacked Homes, article dated 13 October 2026.
General information only, not financial or legal advice.
Source: Stacked Homes. This article is independent commentary; Generations @ Tannery is not affiliated with the parties mentioned.