Razer Opens New Regional HQ In Singapore
SINGAPORE – Gaming hardware maker Razer has officially opened its newest ASEAN headquarters in Singapore at the one-north business park on Tuesday, reported The Business Times on Tuesday evening (26 October, SGT).
The tech firm’s US$100 million headquarters for Southeast Asia comes with 180,000 sq ft of net leasable area (NLA), and green features like solar panels.
Of the NLA, approximately 80,000 sq ft across 3 levels will be utilised by Razer for its office and design studios, as well as laboratories for research and development (R&D). The remaining workspace will be rented out, and coworking space operator JustCo is among the key occupants.
“The new regional hub represents everything that Razer stands for, from innovation to design to sustainability, and will not only be home to Razer’s growing staff, but to up-and-coming entrepreneurs, and even gamers looking for a place to train and learn as well,” said Razer’s CEO and Co-founder Tan Min-Liang.
Notably, the one-north business park houses several tech firms, including those involved with computer games like Bandai Namco, YOOZOO Games, and Ubisoft. Animation studio Lucasfilm also has a presence there, likewise for Grab and Sea Limited.
Tech firms have been flourishing during the COVID-19 pandemic. For instance, Razer recorded a record revenue during the first half of the year thanks to higher sales of gaming hardware. Consequently, the company posted a net profit of US$31.3 million during the said period compared to a loss of US$17.7 million during the same period a year ago.
Moreover, Razer has opened its new headquarters for the ASEAN region amidst plans to increase its workforce in Singapore from 600 to 1,000. The hiring spree comes as tech firms compete for talent, with companies increasing salary offers and providing attractive benefit packages for jobs like software developers.
Furthermore, multinational major tech firms and unicorns from Asia are increasing their presence in Southeast Asia in a bid to leverage the region’s booming digital economy, which is forecasted to be valued at US$300 billion by 2025.