The Business Times
business-time-50

DBS deepens Hong Kong bet with US$334 million purchase of six floors at The Center

google-preferred-sourceAdd BT as a preferred source
Published Wed, Apr 15, 2026 · 05:01 PM
    • Sebastian Paredes, Head of North Asia and chief executive officer of DBS Hong Kong says the purchase positions the company well to scale its operations further.
    • Sebastian Paredes, Head of North Asia and chief executive officer of DBS Hong Kong says the purchase positions the company well to scale its operations further. PHOTO: SPH

    本文由AI辅助翻译

    查看原文

    [HONG KONG] Singapore’s DBS deepened its bet on the Hong Kong wealth market on Wednesday (Apr 15), with its local unit purchasing six more floors at The Center for US$334.29 million in the city’s largest commercial property deal this year.

    Following the new acquisition, DBS Hong Kong will own 14 floors at The Center.

    “This proposed investment underscores our unwavering commitment to Hong Kong and our confidence in its long-term economic vitality as a premier international financial centre and wealth management hub,” said Sebastian Paredes, Head of North Asia and chief executive officer of DBS Hong Kong.

    Paredes added that the purchase positions the company well to scale its operations further.

    Hong Kong’s commercial property market has revived in the last few months, supported by a roaring capital market that is boosting demand from both mainland Chinese and multinational firms. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    此翻译对您是否有帮助？

    DBSHong Kong

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Household liabilities are growing faster than household assets, a shift that emerged in the fourth quarter of 2025 and continued through the first quarter of 2026.

    Singapore households’ net wealth up, but also taking on more debt such as home loans

    Ang Kiam Meng, group CEO and executive chairman of Jumbo Group, says the move to a bigger headquarters is necessary to future-proof the business.

    With new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth

    Four projects housing 1,679 units will likely test buyer appetite in July.

    Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More