Help Me Decide Please: Transfer Amex Points to CX or SQ?

I have 156,000 American Express Membership Rewards points available to transfer to CX, SQ, and/or VA (but not QF).

I have 64,000 points in my SQ account.

I have 7,000 points in my CX account.

A one way Business Class ticket from Brisbane to Rome costs 116,000 points on SQ (and a minimal cost in fees, surcharges, etc.).

A one way Business Class ticket from Brisbane to Milan costs 85,000 points on CX (plus approximately AU$350 in fees, surcharges, etc.). With my Platinum status with QF, I have access to the Cathay Pacific First Class Lounge at HKG.

Given the above, which account do you recommend I transfer my American Express points to this week, before they are devalued?

Thanks a lot everyone!

It'll be 117k points when you transfer assuming you are on the Gateway points program. Milan is much nicer than Rome so my vote is with CX.

It's a YMMV (your miles may vary) situation and there isn't a right answer. Too many factors. It depends on your current balance with other FFP, your travel pattern, destination, flexibility.....etc.