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.

Avenue South Residence Condo is located in the popular district 3 under the Bukit Merah URA Masterplan and only 6 minutes to Cantonment MRT station (CC31) with wide array of amenities surrounding the development including the upcoming Greater Southern Waterfront.

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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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