The National University of Singapore (NUS) is Asia's second-best university, and the Nanyang Technological University (NTU) is in 11th place.
This is according to the Times Higher Education (THE) Asia University Rankings, a new list of the top 100 institutions in Asia, which was released on Thursday morning.
The rankings were based on data collected from 16,600 responses from academics in 144 countries for the 2012-2013 World University Rankings which was out in October last year. Universities were compared on 13 performance indicators which covered research, teaching, citations, international outlook and industry income, with the first three of the five categories carrying 30 per cent weighting each.
In a statement, Mr Phil Baty, editor of THE Rankings, said: "The overall World University Rankings top 400 list remains dominated by the US and other Western nations, and only includes 57 Asian institutions. So we are delighted to launch this Asia-only top 100 list to provide deeper and richer insights into the performance of Asia's world-class research institutions, ranked against their regional peers."