Billionaire Asok Kumar Hiranandani’s Royal Group Buys Singapore Property At Record Price
Royal Group of Companies—controlled by billionaire Asok Kumar Hiranandani—is buying the Ming Arcade on the edge of the Orchard Road shopping district for S$172 ($126.6 million), setting a record price for Singapore commercial properties as the Lion City continues to defy the global property downturn. The freehold property—which is surrounded…
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