Citi Considers Reducing Office Space in Singapore Tower

Citigroup Inc. is considering reducing its office space in Singapore as remote working gains traction in the city-state.

The bank may give up one of the six floors it occupies at Asia Square Tower 1, a retail and office tower in the Marina Bay district, according to people familiar with the matter. The decision is still under review as part of discussions over floor space, one of the people said.

“The way of working has changed in recent years and most of our staff are on a hybrid-work model,” a Citigroup Singapore spokesperson said. “We periodically look at new ways ...