BROKERAGE OCBC Investment Research has upgraded its call on mainboard-listed City Developments Limited (CDL) to "buy" and increased the fair value estimate from S$9.81 to S$10.73. The upgrade comes as negatives from property measures announced in July are priced in, with shares in...

SINGAPORE (Nov 9): City Developments reported a 10% y-o-y rise in 3Q18 earnings to $162 million. Revenue jumped 18% to $1.02 billion. The better performance was largely due to higher residential development profits as well as a $12 million pre-tax gain from the sale of a property in Jalan Besar. Gr...

CITY Developments (CDL) said strong contribution from property development, especially its New Futura condo in Leonie Hill Road in Singapore, helped to boost the group's third quarter net profit by 10.4 per cent to S$161.8 million from the previous year.

SINGAPORE: City Developments Limited (CDL) said on Thursday (Nov 8) that its net profit rose 10.4 per cent in the third quarter and projected confidence in the market going forward, even as it cautioned against macroeconomic uncertainties and persistent headwinds for the Singapore residential ...

SINGAPORE (Nov 8): City Developments saw its earnings grow 10.4% to $161.8 million for the 3Q18 ended September, from $146.6 million a year ago. 3Q18 revenue rose 17.7% to $1.02 billion, from $863.8 million a year ago. The increase was due to higher revenue recognised from the property development ...

CITY Developments Ltd (CDL) posted a 10.4 per cent rise in third-quarter net profit to S$161.8 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

SINGAPORE (Nov 2): Here are two charts for our technical analysis: Straits Times Index (3,116) The Straits Times Index rebounded by 150 points within four sessions to end the week at 3,116; resistance appears at the declining 50-day movng average at 3,141. Short term stochastics has rebounded from ...

Submitted By:  Arianna Danganan Case Study:  No City Developments Limited and DBS were amongst the first of its renewable energy certificates (RECs) buyers. SP Grou...

CITY Developments (CDL) has bought an office tower in London's 125 Old Broad Street - formerly known as the Stock Exchange Tower - for £385 million (S$686.48 million) amid an expected tightening supply of office space in the city.

Submitted By:  Luz Wendy Noble Case Study:  No It has a net lettable area of 329,200 sq ft with 26 floors. City Developments Limited (CDL) acquired a prime freehold...

CITY Developments (CDL) has bought an office tower at London's 125 Old Broad Street - formerly known as the Stock Exchange Tower - for £385 million (S$686.48 million) amid an expected tightening supply of office space in the city.

SINGAPORE (Oct 23): Despite the new property development policies, City Developments and Oxley debuted their latest properties, Whistler Grand and Kent Ridge Hill Residences respectively, last weekend. The two projects are targeted to launch officially on Nov 3. As at 1.20pm, shares in City Develop...

CITY Developments Limited (CDL)'s Whistler Grand condo will go at an average selling price of S$1,380 per square foot (psf), which the giant developer touts as the most affordable launch for the fourth quarter.

CITY Developments Limited (CDL)'s Whistler Grand condo at West Coast Vale will go on sale at an average price of S$1,380 per square foot (psf), which the giant developer touts as the most affordable launch for the fourth quarter.

SINGAPORE (Oct 16): CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent Urban Redevelopment Authority (URA) data, which reflected higher September monthly home sales of 944 transactions, up 51% m-o-m and 42% y-o-y. In a Monday report,...

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. “As property stocks’ performance has historically shown a high corr...

SINGAPORE (Oct 2): DBS is the first bank in Southeast Asia and one of five Singapore-listed companies to be included in the Dow Jones Sustainability Index (DJSI) Asia Pacific. The other Singapore-listed companies that were included in the DJSI Asia Pacific are CapitaLand, Golden Agri-Resources, Kepp...

SINGAPORE (Sept 28): Here are three charts for our technical analysis this week: STI daily (3,257) Further gains are likely. The market’s short-term uptrend ideally could run into resistance soon, as both quarterly momentum and the Straits Times Index move into resistance areas. However, since sh...

FOR City Developments Limited (CDL) and Olam International, putting sustainability at the heart of their business is not easy.

SINGAPORE (Sept 21): There were at least 102 Singapore-listed companies with net gearing ratios of above 100%, with 17 operate in the property management and development industry, according to 12-month trailing data from Bloomberg. Even so, there are wide differences in the financial strength of ind...

SINGAPORE (Sept 18): CGS-CIMB Securities is remaining “neutral” on Singapore’s property sector after Aug 2018 private monthly home sales came in at 639 units, down 60% y-o-y and 64% m-o-m. In a Monday report, analyst Lock Mun Yee says she believes the latest data reflects a “much quieter” ...

CITY Developments Limited (CDL) announced on Friday that it had acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million).

SINGAPORE (Sept 14): Property developer City Developments Limited (CDL) has acquired a prime freehold Grade A commercial building, Aldgate House, in London for £183 million ($328 million). Aldgate House is strategically located in the heart of Aldgate and is bounded by Aldgate High Street, Middlese...

CITY Developments Limited (CDL) announced on Friday morning that it has acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million). The project, Aldgate House, is located in the district of Aldgate, right beside Aldgate Underground Station and with six ...

SINGAPORE (Sept 7): Here are two charts for our technical analysis this week: STI daily (3,134): Short-term rebound imminent The Straits Times Index formed a doji after declining for the three sessions. It was also the first doji during the past four weeks. This is suggesting that the strong down mo...

SINGAPORE (Sept 6): The majority of large property developers in Singapore have sat out the latest round of government land sales (GLS) tenders, after the introduction of new property cooling measures in July to curb rising home prices. Tenders of three sites under the GLS programme – Dairy Farm, ...

Alfred Chua2 hours 52 min agoSINGAPORE — Hours after Malaysian Prime Minister (PM) Mahathir Mohamad said he will b

Submitted By:  Luz Wendy Noble Case Study:  No Sustained Wall Street weakness could mute gains today. The Straits Times Index (STI) ended 6.57 or 0.20% higher at 3,...

SINGAPORE (Aug 23): CapitaLand’s recent acquisitions in Singapore and China show continued efforts to recycle capital and rebalance its portfolio mix, say analysts. Recently, CapitaLand acquired a Sengkang Central mixed-use site in partnership with City Developments with a winning bid of $777.8 mi...

Submitted By:  Luz Wendy Noble Case Study:  No Don't expect gains today. The Straits Times Index (STI) ended 43.74 or 1.36% higher at 3,243.32, taking the year-...