The 11-story office and retail space, which measures over 241,000 square feet, currently houses Chinese tech giant Alibaba Group Holding Ltd. and its Southeast Asian online shopping unit, Lazada Group.
Real estate fund manager ARA Asset Management Ltd. and UK property group Chelsfield are listing their jointly owned Singapore office building for about $800 million, according to people with knowledge of the matter.
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 $3,319 per square feet, the people said, asking not to be identified as the matter is private.
