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City Developments
REITs
Liang Court redevelopment: a win-win situation
SINGAPORE (Dec 13): The redevelopment of Liang Court will not only benefit CDL Hospitality Trusts (CDLHT) and Ascott Residence Trust (Ascott REIT) but also City Developments (CDL) and its joint-venture (JV) partner CapitaLand.
December 13, 2019
Property
Singapore property glut: developer calls for easing of curbs
SINGAPORE (Dec 11): Singapore’s property glut is an unintended consequence of government measures to force developers to build and sell apartments quickly or face stiff penalties, according to City Developments Ltd.
December 11, 2019
Property
Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May
SINGAPORE (June 19): CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May.
June 19, 2019
Broker's Calls
Look to diversified developers as property sales slow, says CGS-CIMB
SINGAPORE (Oct 2): CGS-CIMB Research is keeping its “neutral” stance on property developers amid slowing sales at new launches, following a slew of new property cooling measures introduced in July to curb rising home prices.
October 02, 2018
In print this week
How the trade war has impacted our portfolio this year
SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each.
August 10, 2018
Results
CityDev posts 79.5% rise in 2Q earnings to $205 mil; expects residential sales to moderate
SINGAPORE (Aug 10): City Developments (CDL) announced earnings of $204.8 million for the 2Q ended June, up 79.5% from its 2Q17 earnings of $114.1 million a year ago, backed by stronger sales recognition during the period under review.
August 10, 2018
Results
Millennium & Copthorne's 1Q earnings double to $47 mil on higher associate contributions
SINGAPORE (May 4): Millennium & Copthorne Hotels (M&C Hotels) reported a doubling of 1Q18 earnings to £26 million ($47 million) from £13 million a year ago, due to higher profit contributions from associated companies as well as a one-off gain from disp
May 04, 2018
Property
'Long winter' seen ending for Singapore home prices: Survey
SINGAPORE (Jan 23): The worst may be over for Singapore’s property slump.
January 23, 2018
Property
New project launches to benefit developer stocks as cyclical upturn continues
SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector while flagging UOL and City Developments (CDL) as the best large-cap proxies as the market continues its cyclical upturn.
January 16, 2018
Broker's Calls
Stick with these quality companies for upside in 2018, says OCBC
SINGAPORE (Dec 14): OCBC Investment Research says upside remains even as 2018 is unlikely to see a repeat of the “stellar gains” this year.
December 14, 2017