Alibaba Founder Jack Ma Allegedly Constructing A Two-Storey Bungalow Close to Farrer Highway MRT

Alibaba Founder Jack Ma Allegedly Building A Two-Storey Bungalow Near Farrer Road MRT

Singapore appears to be a hotspot for the world’s richest to purchase a property.

Most lately, billionaire Sir James Dyson purchased two properties in Singapore.

The primary was Singapore’s greatest penthouse at Tanjong Pagar, which was valued at over $100 million.

Two weeks later, the Dyson founder purchased a bungalow going through Botanic Gardens, which is alleged to price over $41 million.

Alibaba co-founder James Sheng, who’s a Singapore citizen, additionally lately purchased a bungalow alongside Leedon Park for $50 million.

As we speak, The Enterprise Occasions reported that fellow Alibaba co-founder Jack Ma may be constructing — not shopping for — a home in Singapore.

Screenshot from Google Maps

This mentioned home refers to a two-storey bungalow at Victoria Park Shut, which is situated close to Farrer Highway MRT.

In response to BT, an entity linked to Ma is behind the redevelopment of the bungalow.

The bungalow will apparently function a basement and swimming pool, and is slated to be prepared by the fourth quarter of subsequent yr, in keeping with an on-site signboard.

Earlier Bungalow Was Offered For $40M

Victoria Park Shut is likely one of the Good Class Bungalows (GCB) areas in Singapore, and properties in that space price between $20 million and $50 million.

victoria park close bungalowThe earlier bungalow which used to occupy the lot

A 20-year-old bungalow used to face on the nearly 30,000 square-feet lot, but it surely has since been torn down.

It was beforehand occupied by a physician couple, and was later offered for $40 million in 2017 following their divorce.

BT reported that the bungalow’s purchaser is listed as USB Trustees. It added that the acquisition didn’t require approval from the authorities, suggesting that the proprietor is Singaporean.

Jack Ma’s spouse, Zhang Ying, is believed to be a Singaporean citizen.

Amidst Ma’s emigration rumours, Alibaba has quelled it and launched an announcement in 2014 stating that “Jack Ma doesn’t, nor will ever have any emigration plans.”

Ma himself has additionally asserted on a number of events that he needs to stay in Hangzhou, China.

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