Alibaba buys half of S$1.68 billion Tanjong Pagar skyscraper


A share purchase deal was struck between a group of investors headed by Perennial Real Estate Holdings, according to a press release issued on 6th of May. The transaction, which is valued at S$1.68 billion, is slated to close by the end of June 2020.

Alibaba Singapore, an affiliate of China e-commerce powerhouse Alibaba Group Holdings, has also received 50% of the outstanding loan.
The Perennial-led group paid S$1.17 billion for AXA Tower in 2015.

Perennial Newco and Alibaba Singapore would form a joint venture to rehabilitate AXA Tower once the acquisition is completed, which is scheduled to happen around June 2020.


One Bernam

Book An Appointment to view One Bernam ShowFlat & get VVIP Discounts (Limited Time), Direct Developer Price, & Hardcopy E-Brochure. Guaranteed with Best Price Possible.


Fill up the form on the right and get a copy of One Bernam Price, E-Brochure, and Latest Updates!

 Strictly no spam policy.

error: Content is protected !!