As a result of the transaction, DBS will own 14 floors of a major office block in Hong Kong's Central district.

DBS Bank (Hong Kong) is proposing to make a “significant” investment in Hong Kong’s property sector, buying six additional office floors at The Center in Central Hong Kong – its largest commercial property deal in the city this year so far. 

The floor space, in gross terms, is worth HK$2.619 billion ($330 million), DBS said in a statement this week.

The purchase will give DBS 14 floors of The Centre – a major office block.

“This proposed investment underscores our unwavering commitment to Hong Kong and our confidence in its long-term economic vitality as a premier international financial centre and wealth management hub,” Sebastian Paredes, head of North Asia and CEO of DBS Hong Kong, said.