DBS has won a deal to rent retail space in Central's New World Tower for 18 percent less than the asking price, according to a person familiar with the matter.

The Singapore-based bank will rent the 12,000-square-foot space for HK$1.8 million a month, less than the HK$2.2 million sought, the person said.

Meanwhile, WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank-backed company struggles with a massive debt pile and hefty losses.

It was once privately valued at US$47 billion (HK$367 billion) and now has a market capitalization of just about US$121 million.

Shares of the flexible workspace provider fell 32 percent in extended trading after the Wall Street Journal first reported the news. They have fallen roughly 96 percent this year.