Singapore’s tallest skyscraper to be built by Alibaba and local partners

Singapore's tallest skyscraper to be built by Alibaba and local partners

SINGAPORE: Chinese Internet giant Alibaba is partnering with a consortium led by Singapore-based real estate company Perennial Holdings to build a 63-storey mixed-used development at Shenton Way in the Central Business District.

The building, which is set to reach a maximum height of 305m and occupy up to 148,450 sq m in total space, will be the tallest in Singapore when completed by 2028, reported Forbes.

It will be built on the site currently occupied by the 50-storey AXA Tower at 8 Shenton Way in Tanjong Pagar.

The site first hosted the Treasury Building in 1986, which was previously the headquarters of state investment firm Temasek Holdings. 

The current tallest building in Singapore, the 284m Guoco Tower, is also located in Tanjong Pagar.

When completed, the Alibaba-backed project will join Guoco Tower as the only two buildings in Singapore to exceed 280m in height.

A Urban Redevelopment Authority spokesperson said on Friday (Aug 5) that the approved building height of 305m at 8 Shenton Way is the highest granted by the authority for developments in Singapore.

“The allowable building heights are subject to technical requirements as well as evaluation based on respective site context,” she said. “Developments would have to be built in accordance to the approved plans and guidelines.”  

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