About Developer: Alibaba Group and Perennial Holdings
Perennial Holdings
Perennial Holdings Private Limited is an integrated company in the real estate and healthcare industry. It is one of the giants listed in Singapore since it has managed to put a firm foothold in the market due to the exquisite mixed projects it offers.
Besides Singapore, the renowned company also focuses on large-scale developments in other countries such as China, Sri Lanka, Malaysia, and Indonesia. Perennial Holdings owns, redevelops, and manages a combined gross floor area portfolio of more than 65 million square feet (sqft).
Further, Perennial Holdings has invested in iconic properties situated in red hot locations in Singapore. Some of the notable projects done by Perennial Holdings Include; Capitol Singapore, 8 Shenton Way, CHIJMES, 111 Somerset, House of Tan Yeok Nee, and Chinatown Point.
Chinatown Point
Chinatown Point is ideally situated in Chinatown, the financial Central Business District in Singapore. The expansive property is a commercial 25 storey building that consists of an office block and a retail mall.
Residents around the neighbourhood can easily access Chinatown Point through a direct connectivity MRT station, Chinatown Interchange Station. The subway station serves Downtown lines and North-East lines, which ease the traveling trouble for locals and tourists. Also, Chinatown Point strategically sits in close proximity to top-notch hotels, spacious offices, and magnificent residential havens.
In addition to its perfect location, Chinatown Point hosts more than 20 retail shops and F&B outlets to cater to the residents’ needs. Inside the premises, shoppers can find a supermarket that stocks all kinds of products such as groceries, clothes, kids’ toys, electronics, and other home essentials.
When it comes to dining options, Chinatown Point is home to classic and elegant restaurants that serve finger-licking dishes. All these establishments are affordable and family-friendly for residents with small kids. For shoppers who need a quick bite, there are several grab-and-go outlets at Chinatown Point.
Alibaba Group
Alibaba Group Holding Limited is a multinational company based in China specializing in e-commerce, internet, retail, and technology. It was founded in 1999 by 18 business people led by Jack Ma, previously an English teacher in Hangzhou, China.
Since the company was started, the founders believed that small enterprises would get a fairground to compete with domestic and global sellers through the internet. And with its first online platform, Alibaba Group has managed to help small and medium-sized businesses based in China to sell their products globally.
Recently, Alibaba Group has joined the growing real estate industry due to the wide profit margin it provides. In 2017, it launched an online platform called the Alipay app, where people can rent a property without a deposit. And with the current project with Perennial Holdings, the future of Alibaba Group in the real estate industry is looking bright.