The car-sharing company said that the pause "allows us to realign our operations and assess the next phase of our service direction".
"We faced challenges head-on and strived diligently, successfully achieving the main goals of economic and social development," Chinese President Xi Jinping said in a New Year's Eve speech.
Timbre Group did not explain why it was cutting short its tenancy at One Punggol, said hawkers who met the operator on Monday.
