Singapore | Bridgewater Associates founder Ray Dalio’s family office has bought two multimillion-dollar “shophouses” in Singapore, as billionaires snap up the heritage properties in the city state.
The Dalio Family Office, which announced it was moving into the Asian financial hub during the coronavirus pandemic, purchased two shophouses on Club Street in 2021 for roughly $S25.5 million ($28.6 million), according to two people with direct knowledge of the deal.
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Financial Times
Mercedes Ruehl writes on real estate specialising in sales, leasing and residential properties. Connect with Mercedes on Twitter.
