Home News Banking & finance

DBS joins global banks surrendering Hong Kong office space

Bloomberg3/24/2021 9:8 AM GMT+08  • 2 min read
DBS joins global banks surrendering Hong Kong office space
DBS is said to be surrendering some floors in One Island East Tower in Quarry Bay.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Group Holdings is set to join UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home.

DBS is surrendering some floors in Swire Properties’s One Island East tower in Quarry Bay, according to people familiar with the matter who asked not to be identified because the information is private. The lender will release two of the eight floors it currently occupies, one of the people said.

A representative for the Singapore-based bank didn’t immediately comment. A Swire spokesperson said they don’t comment on rumors, adding that One Island East is 100% occupied as of Tuesday.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.