Business park near Singapore airport rapidly emptying out, hurting its regional hub ambitions
Just 14km (nine miles) from the gleaming skyscrapers that crowd the country’s central business district sits a 71-hectare (175-acre), billion-dollar example of the city state’s push to create alternative business hubs. Changi Business Park, dubbed the “CBD of the East” was a big draw for tech giants including International Business Machines Corp. and Advanced Micro Devices Inc. Global banks from JPMorgan Chase & Co. to Citigroup Inc. have also situated their back-end staff there.