The lower number of units sold was due to the absence of a new launch during the period and the group’s substantially sold inventory.
City Developments Limited (CDL) (SGX:C09
) has reported a “resilient” set of results across all of its business segments for the 1QFY2023 ended March 31.
In property, CDL and its joint venture (JV) associates sold 88 units, 53.2% lower than the 188 units sold in the 1QFY2022. In this quarter, the 88 units had a total sales value of $213.2 million, 55.4% lower than the total sales value of $477.9 million in the corresponding quarter in the year before.
