$Sea Ltd(SE)$ The market is abuzz with talk that Sea Ltd, the parent company of e-commerce player Shopee, is giving up some 200,000 square feet (sq ft) of office space at CapitaLand's newly-opened Rochester Commons development in the one-north area near the Buona Vista MRT station.
Word has it that the tech conglomerate had signed a long lease - seven years was bandied about - in 2021 for the bulk of office space at what has been billed as Singapore's first campus-style integrated development. Sea is now looking for a replacement tenant to take over the space, which is apparently not fitted-out yet.
Things can't be going well if they're looking to break the lease this early on.
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