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.
Park Nova Condo is located in the prestigious Orchard estate under the Tanglin URA Masterplan and only 5 minutes to Orchard Boulevard MRT station (TE13) on the Thomson-East Coast Line 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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