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Standard Chartered considers slashing Singapore office space

(April 28): Standard Chartered Plc is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with the matter.
The London-based bank is weighing options that would see it give up some of the 21 floors it leases at Marina Bay Financial Tower 1 in the business district, according to people familiar, who requested not to be named because the matter is private. An option for the bank is to cut a minimum of four floors the equivalent of about 80,000 square feet one of the people said. The plans are under discussion and subject to change, the people said. ....

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Standard Chartered bank considers slashing Singapore office space: Sources

The Straits Times
Standard Chartered bank considers slashing Singapore office space: Sources
Standard Chartered currently occupies 21 floors in Marina Bay Financial Tower 1 in the business district.PHOTO: LIANHE ZAOBAO
Published11 hours ago
https://str.sg/JFET
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Standard Chartered Considers Slashing Singapore Office Space

Standard Chartered Plc is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with the matter. ....

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Singapore's biggest bank DBS to cut office space in home market

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DBS Group is poised to trim office space in Singapore to pare its footprint in the city-state during the coronavirus pandemic.
Southeast Asia’s largest bank plans to surrender about two and half floors in Tower 3 of the Marina Bay Financial Centre (MBFC), according to people with knowledge of the matter. The lender occupies more than a dozen floors in the building, located in the central business district.
DBS is set to give up the floors in December, the people said, asking not to be identified because the plans are private. A representative for the company declined to comment. ....

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Singapore's Biggest Bank to Cut Office Space in Home Market

Singapore’s Biggest Bank to Cut Office Space in Home Market
Bloomberg
4 hrs ago
Faris Mokhtar and Chanyaporn Chanjaroen
(Bloomberg) DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic.
Southeast Asia’s largest bank plans to surrender about two and half floors, or 75,000 square feet, in Tower 3 of the Marina Bay Financial Centre, according to people with knowledge of the matter. The lender occupies more than a dozen floors in the building, located in the central business district near the iconic Marina Bay Sands hotel and casino. ....

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