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Blackstone bets on S'pore luxury property market

It believes success of govt measures to cool real estate market means curbs are set to be lifted

Blackstone recently paid S$83 million for 18 units at Paterson Suites (above). It also bought the 10-storey 21 Anderson for about S$164 million.


BLACKSTONE Group LP's Stephen Schwarzman, who correctly bet on a US housing recovery, is now making a similar wager on Singapore's luxury property market.

Singapore's success in using administrative measures to cool its real estate market - luxury prices have fallen about