Alibaba Buys 50% Stake in Singapore Office Building

Alibaba Buys 50% Stake in Singapore Office Building

Alibaba Group has bought over 50% shares of the AXA Tower. This move not only signals the importance of Singapore as a key digital hub in Asia and the confidence Alibaba placed on the real estate in Singapore amid the Covid-19 pandemic. Given the fundamentally strong economy and decisive government policy that is swift and effective. Singapore is seen as the country that will recover well and investor will come back with a vengeance once this crisis is cleared.

Mountbatten Residences Condo is located in the popular district 15 under the Geylang & Marine Parade URA Masterplan and only 3 minutes to Katong Park MRT station (TE24) with wide array of amenities surrounding the development.

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Source:https://www.bloomberg.com/news/articles/2020-05-06/alibaba-buys-1-2-billion-stake-in-singapore-office-building

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