Andre Tanoto Expands His Property Assets in Singapore

Andre Tanoto, the eldest son of Indonesian tycoon Sukanto Tanoto, is actively expanding his investment portfolio into the Singapore real estate market. Through Altallo Asset Management, he has completed the acquisition of major retail properties in key Singapore locations worth over 160 million Singapore dollars. This acquisition includes strategically located sites near MRT stations Toa Payoh, Ang Mo Kio, and Clementi, and is expected to strengthen Altallo’s market position in the region. This marks a significant step in Andre’s strategy to diversify his investment portfolio and increase his international market presence amidst a changing economic climate.