12 Apr 2023

UOB’s investment in JTC’s Punggol Digital District

Partner Norman Ho from Rajah & Tann Singapore acted for United Overseas Bank Limited (“UOB”) as incoming lessees at JTC’s Punggol Digital District (“PDD”), Singapore’s first smart and sustainable business district. With this lease, UOB would be the first local bank to establish its presence at PDD, and is the largest commercial investor in PDD to date. UOB plans to establish a 300,000 square feet centre by the end of 2026, which will house around 3,000 talents engaging in technology, innovation, and digital roles to further UOB’s digital ambitions.