Singapore remains third most expensive office location in Asia Pacific

Hong Kong beat Tokyo and Singapore to the top spot after surging 11.9 per cent QoQ in 1Q 2011.

According to Colliers International, despite the soar of Grade A CBD office rents from US$53.55 psf per year in 3Q 2009, to US$79.76 psf per year in 1Q 2011, Singapore remains in the third position.

This shows that Singapore has continued to maintain its competitive edge among the Asia Pacific cities during this period.

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