International Business & Economy SG braces for new $134mil head office by 2020

SG braces for new $134mil Grab head office by 2020

Author

Date

Category

- Advertisement -

, a popular ride-hailing Singaporean-based company, plans to set up its new headquarters in the country for its increasing number of employees. The new building is expected to have a floor area of 42,310 square meters. It will be the consolidated new office of Grab’s Singapore-based personnel, which will house the firm’s biggest R&D center.

Grab inked the S$181.2 million (US$134.5 million) deal with Ascendas Real Estate Investment Trust. The completion of the company’s headquarters is expected by Q4 2020.

In a press statement, Ong Chin Yin, Grab’s head of people, cited the new headquarters will bring together the increasing Grab staff in Singapore under one roof. For this year, she noted the company will be creating new roles globally as its operations progress.  On January 30, Grab and Ascendas sealed an 11-year lease for the building, which can be optionally renewed for the next five years.

GrabTaxi Holdings Pte. Ltd., simply known as Grab, is a Singapore-based technology firm that provides ride-hailing, food delivery service, ridesharing, and logistics services using its app in Singapore and other Southeast Asian countries.  These include Cambodia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, and Myanmar.

- Advertisement -

Initially, its main rival was Uber. However, when Grab acquired Uber’s operations in the region sometime in March 2018, it has become a major rideshare service provider in Southeast Asia.

It was in 2012 when Grab CEO Anthony Tan and some of his friends were enjoying drinking tea together. They came to a discussion about how difficult it was to get a taxi. So they found a solution to the problem.

This was when Grab (then MyTeksi) began its humble beginnings. Soon after, the simple goal brought something better for the Southeast Asian commuters.

Currently, Grab operates in eight nations across the region, where countless people of all levels use Grab services daily. For the different riders, such as Malaysians, Singaporeans, Indonesians, Thais, Vietnamese, Cambodians, Filipinos, and Myanmar people, they made Grab continue reaching its milestones through the years.Follow us on Social Media

- Advertisement -

Send in your scoops to news@theindependent.sg 

- Advertisement -

Pink Dot SG stays connected, spreading love in 2021

Singapore – Pink Dot SG, a platform that aims to spread awareness about the LGBTQ+ community, held its annual event on Saturday (Jun 11), highlighting heartwarming stories of individuals coming out and touching on the issue of Section 377A of the...

Pair who taunted SDA among 4 investigated by police for abusive behaviour

Singapore—In a press release on Friday (June 11), the police announced that four people are being investigated for abusive behaviour against safe distancing ambassadors (SDA). The most unusual of these cases is that of a man and a woman who appear to...

Marsiling resident allowed to cook only 3 times a day due to “pungent smell” hires lawyer

Singapore – After multiple complaints from an upstairs neighbour regarding the “pungent smell of their cooking”, a family residing at Block 26 Marsiling Drive was told to cook only at three fixed times a day. The family has now hired a...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent