Singapore's prime office rents are the seventh cheapest in Asia

The total occupancy cost is $113.27 psf.

Singapore's prime office rents are the seventh most affordable in Asia Pacific, JLL revealed.

According to its JLL Global Premium Office Rent Tracker, the total occupancy cost in Q4 is $113.27 (US$84) psf. It is well below the regional average of $149.63 (US$111).

Costs in Hong Kong hit $435.47 (US$323) psf, the most expensive in the region and the world. Meanwhile, rents in Kuala Lumpur are the most affordable at $40.45 (US$30) psf, followed by Manila and Bangkok at $47.19 (US$35) psf.

In the global rankings, Singapore's office rent price is 24 places away from Midtown New York's costs of $261.52 (US$194) psf, the second most expensive.

Singapore is right below Paris, wherein prime office rents are at $114.58 (US$85) psf.