SkyWaters Residences By Alibaba Group and Perennial Holdings

SkyWaters Residences is joint developed by Alibaba Group and Perennial Holdings. The property enjoys three major frontages along Shenton Way, Anson Road and Maxwell Road, and is connected via an underground pedestrian link to the Tanjong Pagar Mass Rapid Transit Station. It is also easily accessible via the Ayer Rajah and Marina Coastal Expressways, making it one of the most convenient locations within the Downtown Financial District. Asset enhancement works are currently underway at the property. The works include increasing the retail footprint, building a two-storey annex block measuring about 32,000 square feet to house medical suites, as well as enhancing the main office lobby and drop-off points.

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Alibaba Singapore

Alibaba has agreed to acquire a 50 percent stake in Singapore’s AXA Tower in a deal that values the landmark office property at S$1.68 billion ($1.2 billion) in one of the few major transactions the city has seen this year.

Perennial Holdings Private Limited

Perennial Holdings Private Limited ("Perennial") is an integrated real estate and healthcare company headquartered in Singapore. As a real estate owner, developer and manager, Perennial focuses strategically on large-scale mixed-use developments and has a presence in China, Singapore, Malaysia, Indonesia, Myanmar and Sri Lanka with a combined portfolio spanning about 80 million square feet in gross floor area.