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Chinese tech giant Tencent moves into Singapore tower to consolidate office space in city state

A Tencent representative confirmed the company has moved employees to the new location.

The Work Project, a co-working operator backed by CapitaLand Group, operates both the CapitaSky and CapitaSpring spaces. The Work Project’s head of sales, Sheena Goh, confirmed the move in a statement, saying the company affirms its “three-year strong partnership” with Tencent.

“We recently relocated one of our offices from 30 Raffles Place to The Work Project at CapitaSky due to the conclusion of our lease agreement,” the Tencent representative said. “We are excited to continue our business in Singapore.”

Tencent’s move reflects the cautious mood in an office market showing early signs of weakness because of rising lay-offs in sectors like technology and finance, along with the shift to working from home.