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City Developments
Results
CDL reports total sales value of $325 mil for 3QFY2023 as market sentiments improve
Sales were largely driven by the July launch of The Myst along Upper Bukit Timah Road.
November 23, 2023
Property
CDL aims for additional recurring income with Manchester acquisition for $125.7 million
1NQ is CDL’s fourth PRS project in the UK since 2019
November 14, 2023
Property
Briefs: CDL impacted by higher interest costs; WeWork's impact on REITs
CDL's earnings hurt by higher interest costs, concerns over WeWork's presence in the CBD
August 10, 2023
Broker's Calls
DBS maintains 'buy' on CDL following acquisition of hotel in Seoul
Between 2021 and 2022, CDL divested some $3 billion worth of assets and has redeployed $1.6 billion
July 05, 2023
Property
CDL acquires Nine Tree Premier Hotel Myeongdong II
CDL re-enters Seoul with premier hotel acquisition after divesting Millennium Seoul Hilton in 2022
July 04, 2023
Broker's Calls
DBS prefers CDL and Guocoland, citing strong interest for recent projects
We can sense the continued interest, 'vibe' and 'excitement' amongst buyers
July 03, 2023
Property
ABSD hikes amid dimmer economic outlook a pre-emptive measure: Lee
The latest round of measures is the "final nail in the coffin" for the residential segment, says CLSA's Wong Yew Kiang
April 27, 2023
Broker's Calls
RHB keeps 'buy' on CDL following recent acquisition moves
CDL's core earnings are expected to rebound this year from healthy residential sales and the hospitality sector recovery.
March 31, 2023
Insider moves
Kimly buys back shares; First Sponsor director increases personal stake
Kimly's total payout for FY2022 to 1.68 cents per share, equivalent to a payout ratio of 61.4%.
February 23, 2023
Property
Copen Grand fully sold, with remaining units snapped up by second-time buyers
The units in this EC were sold at prices ranging between $1,300 psf and $1,337 psf
November 27, 2022