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CDL sales value nearly doubles y-o-y to $611.1 mil in 3QFY2024

Jovi Ho
Jovi Ho • 8 min read
CDL sales value nearly doubles y-o-y to $611.1 mil in 3QFY2024
The office leasing market in China, in particular, remains “challenging”, says CDL. As of Sept 30, the group’s office portfolio in China is 68% occupied. Photo: CDL
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City Developments Limited (CDL) sold 321 units with a total sales value of $611.1 million In 3QFY2024 ended Sept 30, nearly double the 183 units sold with a total sales value of $325.0 million in the same quarter last year. 

According to a Nov 22 announcement, sales were mainly driven by the launch of the 276-unit freehold Kassia in July, a JV project located off Upper Changi Road North. To date, 179 units (65%) have been sold. 

For 9M2024, the group and its joint venture (JV) associates sold 905 units with a total sales value of $1.8 billion, up from 691 units with sales value of $1.4 billion this time last year.

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