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, ...

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-...

SINGAPORE (Aug 21): Jefferies is reiterating its “hold” call on City Developments (CDL) with a price target of $11, which is based on a 22% discount to a RNAV of $14, with the view that there are no immediate catalysts for the stock. The research house remains cautious on developers considering ...

Submitted By:  Luz Wendy Noble Case Study:  No It has a potential to launch at $1,650 to $1,700 psf with a 10% margin. The $778m Sengkang Central site awarded to th...

Submitted By:  Staff Reporter Case Study:  No A portion of it may be deployed for the firm's long-term incentive plans. City Development (CDL) made its inaugura...

Submitted By:  Luz Wendy Noble Case Study:  No The 3.7 ha site will be developed into an integrated community hub with 700 apartments. The joint venture (JV) of Cap...

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore.

A CAPITALAND and City Developments tie-up has clinched a commercial and residential site in Senkang Central. Their winning bid of S$777.78 million  works out to S$923.59 per square foot per plot ratio for the 99-year leasehold site next to Buangkok MRT Station.

CITY Developments Ltd (CDL) has made the first purchases on the open market in its inaugural share buyback exercise.

SINGAPORE (Aug 15): Private home sales in Singapore soared to the highest in 16 months in July as buyers rushed to snap up properties hours before curbs aimed at quelling speculation came into effect. Developers sold 1,724 units last month, the Urban Redevelopment Authority said in a statement Wedne...

(Aug 14): If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million sf worth of reasons. That figure, equating to 270,000 sqm, is the total salable area of apartments almost ready to hit the market on the books of City Developments, the Singapore developer controlled by the family of billio...

Submitted By:  Sandra Sendingan Case Study:  No It faces heightened difficulty to sell its unsold stock. City Development should brace for a downturn in the immedia...

STRONG first-half results and potential contributions from its fund management platform saw brokers DBS and OCBC keep a positive outlook on City Developments' (CDL) stock, although their analyses were tempered by potential downsides including subdued buyer sentiment from property coolin...

THE group chief executive of City Developments Ltd (CDL), Sherman Kwek, says the impact of the property cooling measures rolled out last month will be rather different from that in the 2010-to-early-2013 period.

PROPERTY and hotels group City Developments, which posted stronger second quarter and first-half bottomlines, has set a 10-year target to grow its annual recurring earnings before interest, tax, depreciation and amortisation (Ebitda) to S$900 million.

Submitted By:  Danielle Isaac Case Study:  No It achieved stellar sales in Singapore and China. City Developments (CDL) popped the champagne in the second quarter o...

SINGAPORE: City Developments Limited’s (CDL) second-quarter net profit soared 79.5 per cent from a year ago, on the back of strong sales. The property developer on Wednesday (Aug 8) posted a net profit of S$204.8 million, up from S$114.1 million in the same period a year ago. The rise came ...

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$204.8 million, up 80 per cent from S$114.1 million the year ago. (see amendment note)

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$204.8 million, up 80 per cent from S$114.1 million the year ago. (see amendment note)

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$235 million, up 49 per cent from S$157.8 million the year ago.

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$235 million, up 49 per cent from S$157.8 million the year ago.

Submitted By:  Luz Wendy Noble Case Study:  No And here's why CityDev could slash its unit price. From Reuters: Singapore cuts Internet access for computers at ...

SINGAPORE (July 23): Expected slowdown in demand for Singapore’s residential properties due to the recent cooling measures and gloomy near-term outlook for UK projects from slow progress of Brexit negotiations have forced RHB to downgrade City Developments to “neutral” from “buy” with $10....