Wait and see: Blackstone to stand by until 2019 for higher ROI

As prices continue to recover.

It can be recalled that Blackstone and Malaysia’s CIMB Bank Bhd agreed this week to take part in a financing for a Sentosa property owned by CityDev, Singapore’s second-largest developer.

According to a report by Bloomberg, Blackstone is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction.

View the full report here.

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