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ARA Asset Management to sell Singapore office building leased by Alibaba: sources
The asking price for the building - located near the famous Orchard Road shopping belt and just 10 minutes drive away from the financial district - translates to S$3,319 per square feet (sq ft), people with knowledge of the matter said, asking not to be identified as the matter is private.
The 11-storey office and retail space, which measures over 241,000 sq ft, currently houses Chinese tech giant Alibaba Group Holding and its South-east Asian online shopping unit, Lazada Group.
