Singapore ranks as the seventh most expensive market for prime office space, according to Savills. London’s West End leads with an annual net effective cost of USD283.57 per square foot, followed by Hong Kong and New York. Singapore’s cost stands at USD146.07, slightly up by 0.3%. Despite slow market movement, prime office buildings in Singapore continue to command higher rents due to healthy occupancy rates. In Asia Pacific, prime offices carry a 33.7% price premium over Grade-A offices, with Sydney and Seoul having the lowest premiums. Savills predicts continued demand for prime spaces, though rising fit-out costs and economic uncertainty may influence future decisions. Singapore’s office rents are expected to rise, albeit at a slower pace.