The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

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

Published Fri, Dec 19, 2014 · 09:50 PM
Share this article.

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.

KEYWORDS IN THIS ARTICLE

Sentosa
Singapore property

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here