Is this the house that Jack Ma is building in Singapore?

Singapore

THE fraternity of Alibaba cofounders continues to grow its presence in Singapore's high-end residential sector.

According to the grapevine, an entity linked to Alibaba Group Holding chairman and co-founder Jack Ma is developing a two-storey bungalow with a basement and swimming pool in the Victoria Park Good Class Bungalow (GCB) Area.

The house is being built on a nearly 30,000 sq ft, elevated and regular-shaped 999-year leasehold site in Victoria Park Close.

A two-decade old bungalow that used to be on the site was sold for S$40 million back in 2017. It has since been pulled down.

The site, now being redeveloped, stands behind hoarding. The new bungalow being built there is …