Alibaba buys 50% stake in Singapore office building

Ali-baba-buys-50-stake-in-singapore-office-building
2020-05-06-Alibaba-Axa-Tower-image
Ali-baba-buys-50-stake-in-singapore-office-building
ali-baba-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.

Urban Treasures Condo is located in the popular city fringe district 14 under the Kallang URA Masterplan and only few minutes stroll to Kaki Bukit MRT station and Ubi MRT Station, 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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