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CDL 'confident' on 'steady and sustained' recovery with 'better growth trajectory' in near-term: 3QFY21 update

Felicia Tan
Felicia Tan • 4 min read
CDL 'confident' on 'steady and sustained' recovery with 'better growth trajectory' in near-term: 3QFY21 update
As at Sept 30, CDL’s net gearing ratio stood at 66% with interest cover at 2.7 times.
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City Developments Limited (CDL) says it is “confident” it will see a “steady and sustained recovery”, in its business update for the 3QFY2021 ended September.

The developer expects a better growth trajectory in the near-term amid the high vaccination rates, the resumption of international travel and the move to open economies.

In its property development business, CDL sold 414 units with a total sales value of $784.4 million in the 3QFY2021

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