Dubai: Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York, and three times as expensive as Singapore.

Hong Kong topped the list for the fourth straight year, according to global property firm JLL. In tallying average costs, JLL took into account rent, taxes and service charges. The study pegged Central district’s premium rental costs at an average of $338 per square foot annually, nearly 60 percent ahead of New York’s Midtown, which averaged $212.

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