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Billionaire Asok Kumar Hiranandani’s Royal Group Buys Singapore Property At Record Price

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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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