Asian office markets generally sustained their positive momentum in the third quarter of 2007, according to figures released by CBRE. The supply of CDB Grade A office space remains tight in the CBD areas of Hong Kong , Singapore and Ho Chi Minh City . Vacancy rates for these locations are hovering at 5 percent or lower.

Overall demand for office space in Asia 's major commercial centres remains high, with demand from expanding local businesses and non-finance related occupiers increasingly significant in many Asian markets.

Prime office rents did not change significantly over the preceding quarter in major Asian cities, although some upward pressure was seen in quality buildings in prime locations.

Notably, Philippines and Singapore led the entire Asian market by posting over 15 percent rental growth over the preceding quarter. RFP