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City Developments
Company in the news
Fourth CDL director, Jenny Lim, quits board
Lim, a former KPMG partner, joined CDL's board back in June 2018
May 03, 2021
REITs
IREIT Global to acquire Decathlon properties in France without 'financial doping', backed by CDL
IREIT Global plans to acquire 27 properties from Decathlon which is likely to be yield accretive but NAV dilutive
April 30, 2021
Right Timing
Property-related stocks take a breather
Property-related stocks are taking a breather, consolidating recent gains while the STI is likely to ease
April 23, 2021
Right Timing
SembMarine gatecrashes the property stocks party with a breakout
Sembcorp Marine broke out above a resistance on Apr 1, joining the property stocks in their mini bull run.
April 01, 2021
Global review
Opportunities for developers to acquire China business parks as country addresses debt danger
As Chinese developers default on their bond issues, local developers may swoop in on their assets.
March 19, 2021
Property
CDL plans bond issue as Sincere Property defaults, and blame game begins
City Developments announced the issuance of a new bond as its join venture partner in China defaulted on a bond.
March 12, 2021
Property
Lack of reaction from CDL's price implies Sincere's bond default is factored in
Sincere Property Group misses bond payment and implies that City Development was tardy in its financial assistance.
March 12, 2021
Property
CDL and Sincere: the blame game begins as Sincere defaults on bond
Sincere Property Group attempts to lay the blame of its bond default at the feet of City Developments triggering a fierce rebuttal
March 11, 2021
Property
CDL begins monetisation of Sincere’s assets
City Developments plans to acquire a Sincere Property tech park with pre-sales of $1.48 billion for $174 million
February 22, 2021
Investing ideas
Undersupply, potential land price rise could narrow developer discounts
Land prices may rise as developers restock their landbank resulting in the best property proxies to narrow their discounts to NAV
February 19, 2021