City Developments (CDL)

SINGAPORE (Apr 17): CIMB Research is maintaining its projection that developers will launch 10,000 units of private homes in 2018, after total primary home sales rose 68% month-on-month to 788 units in March.

SINGAPORE (Apr 11): Maybank Kim Eng Research is reiterating its “positive” stance on Singapore property developers, amid fresh data points which reinforce its predictions of a property price rebound.

SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.

SINGAPORE (Apr 3): CIMB is maintain the property and development sector at "overweight" with UOL and City Developments as top picks after q-o-q private homes price hike came in strongest in nearly eight years.

SINGAPORE (Mar 26): City Developments (CDL) says 315 or 70% of the 450 units it released for the 861-unit The Tapestry over 24-25 Mar has been sold at an early bird average selling price of $1,310 psf.

SINGAPORE (Mar 16): CIMB Research is keeping its “overweight” rating on the Singapore property sector, despite primary home sales volume tumbling 61% to 377 units in Feb 2018, from 469 units a year ago.

SINGAPORE (Mar 12): OCBC is optimistic on the operational and earnings outlook of big Singapore developers with strong recurring income streams from diversified investment properties.

SINGAPORE (Mar 8): City Developments (CDL) says subsidiary CDL Constellation will now enter into a JV agreement TID Residential (TIDR).

SINGAPORE (Mar 1): UOB Kay Hian is keeping its “buy” recommendation on City Developments (CDL), even as the property developer saw its results come in slightly below expectations in 4Q17.

SINGAPORE (Feb 28): DBS Group Research believes property developers are bullish on land-banking in executive condominium (EC) sites in Singapore due to limited supply in the near term.