Welcome!
City Developments (CDL)
Right Timing
City Developments’ future RNAV gets boost as redevelopment takes shape
The redevelopment of Fuji Xerox Towers which could start in 2022 and complete in 2025 could add 80 cents to CDL's RNAV
August 13, 2021
Broker's Calls
Analysts keep 'buy' call on CDL, expect better performance in 2H21
Analysts believe CDL's shares are currently trading at attractive valuations.
August 13, 2021
Results
CDL reports $32.1 mil loss for 1H21; special interim dividend of 3 cents per share declared
CDL's net loss of $32.1 mil is a reversal from $3.1 mil in net profit logged the year before.
August 12, 2021
REITs
IREIT Global's $126.7 mil equity fund raise for Decathlon acquisition sees preferential units oversubscribed
The 201 mil preferential offering units had a subscription rate of 151.2%.
July 15, 2021
Company in the news
City Developments reiterates ring-fencing of exposure to Sincere amidst bankruptcy proceedings
CDL reiterates that it is ring fenced from Sincere Property Group's financial woes.
July 08, 2021
Broker's Calls
Singapore property sector on the cusp of a virtuous en-bloc cycle: Credit Suisse
Credit Suisse believes en-bloc momentum will pick up in the coming month, easing developers’ land bank concerns.
June 04, 2021
IPO
CDL reported to have filed for $936.6 mil REIT IPO
HSBC's London HQ might be part of this REIT's portfolio
June 03, 2021
Property
CDL warns of property cooling measures in Singapore
CDL's comments on potential property curbs mark the first time a developer has waded in on the issue.
May 25, 2021
REITs
QIA in talks with CDL to inject HSBC's London headquarters into UK assets REIT
The potential deal would boost the value of the REIT's portfolio to GBP1.8 bil, according to sources.
May 19, 2021
Sustainability
Green buildings cropping up in Singapore and other tropical countries as demand for energy efficiency grows
Singapore has seen a plethora of green buildings since the government launched the Green Mark Certification Scheme in 2005.
May 10, 2021