Under its property development segment, Singapore saw total sales value of $1.9 billion for 1QFY2025, up from the $736.8 million in the previous quarter. The group and its JV associates sold 795 units, driven by the launch of a JV project in The Orie, among other already launched projects.
City Developments Limited (CDL)’s 1QFY2025 business update ended March 31, 2025, saw its net gearing ratio factoring in fair value on investment properties rising to 72%, following the full payment for 51% in a site in Xintiandi area Shanghai.
The group’s interest cover is 1.4 times as at end March, and the group’s cash reserves stood at $2 billion, with a liquidity position of $3.8 billion in cash.
