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Drew & Napier has advised the sellers on the S$908 million ($660 million) sale of the Far East Shopping Centre commercial complex in Singapore to Bright Ruby Resources, the largest collective sale in the city-state so far this year.

Bright Ruby Resources is an investment firm backed by Chinese billionaire Du Shuanghua. The sale and redevelopment of the Far East Shopping Centre, located at the corner of Singapore’s Orchard Road and Angullia Park, is subject to approval from the relevant authorities.

The Drew & Napier team was led by the co-head of real estate practice group, Sok Hiang Lau, and director April Mak. They were supported by dispute resolution director Benedict Teo.

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