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 pandemic, purchased two shophouses on Club Street in 2021 for roughly S$25.5mn (US$18.9mn), according to two people with direct knowledge of the deal.
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