Former AXA Towers (Project Name Unconfirmed)

Developer: Perennial Real Estate Holdings and Alibaba Singapore
No. Of Units: mixed TBA
Tenure: 99 year leasehold
District: 02
Vacant Possession: TBA
Microsite: Updating in progress


News Articles

8th February 2017. Perennial Q4 net profit down 37.8% on lower rental revenue from TripleOne Somerset

9th May 2017. Sharp rise in Perennial Real Estate Q1 profit

1st August 2017. Consortium mulls en bloc sale of AXA Tower for at least $1.65b

9th August 2017. Perennial’s Q2 profit jumps on fair value gain

25th September 2017. $2.09b sale of Asia Square Tower 2 is year’s biggest office real estate deal

8th November 2017. Perennial’s Q3 profit boosted by UEL stake

28th March 2019. Developers welcome incentive scheme to rejuvenate CBD, but hurdles remain

29th March 2019. Developers welcome incentive scheme to revamp CBD

7th March 2020. Perennial, SPH consortium to sell half-stake in AXA Tower to Alibaba

14th May 2020. Shareholders’ loan in AXA Tower deal with Alibaba amounts to $364.7m: Perennial

15th May 2020. Perennial clarifies deal, saying outstanding loan is $365m

6th October 2020. Singapore office rents drop further in Q3, tenants asking for short-term renewals: Report

7th October 2020. Singapore office rents drop in Q3 as tenants seek short-term renewals

7th December 2020. AXA to move out of AXA Tower as other firms rethink office needs

7th December 2020. AXA plans to relocate while other companies look to cut office space

31st December 2021. Singapore CBD Grade A office rents may rise twice as quickly in 2022: JLL

19th August 2022. US firm behind Burj Khalifa to work with local architects to design Singapore’s tallest building

27th October 2022. At 305m, super penthouse at 8 Shenton Way will be highest residence in Singapore