Sentosa deal: Blackstone ready for 5-year wait
It can wait that long to see higher returns on its investment in CityDev's Sentosa project
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BLACKSTONE Group, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction.
Blackstone and Malaysia's CIMB Bank agreed this week to take part in a financing for a luxury hotel, retail and residential development, owned by City Developments, Singapore's second- largest developer, on Sentosa.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
