|Bid||1.15 x 0|
|Ask||1.16 x 0|
|Day's range||1.16 - 1.16|
|52-week range||1.04 - 1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Blame lower contributions from its property development segment. City Developments Limited (CDL) profits slipped 8.3% YoY to $156.1m in Q3. According to OCBC Investment Research, this was mainly due to ...
It could build a luxury condo with 800 units. City Developments Limited (CDL) and Hong Leong real estate arm Hong Realty won the Amber Park en bloc tender for $906.7m, the largest en bloc sale in dollar ...
After posting a 17.9% fall in profits for the past quarter, City Developments Limited is optimistic with the expected housing upturn in Singapore. According to OCBC Investment Research, CDL managed to sell 691 units in the first half of the year, more than double that in the same period last year. "Looking ahead, they look to launch New Futura and its new condominium projects in Tampines, Singapore and Teddington Riverside, UK over the next 12 months," analyst Eli Lee said.
Blame the 96% decline in other operating income. The past quarter has been fairly resilient for City Developments Limited if not for the 96% slump in its other operating income to $524,000 from a robust $13.1m. The revenue and net profit were underpinned by the contribution from Lush Acres Executive Condominium (EC).
It offset the growth seen in the group's other markets. The outlook is lukewarm for City Developments Limited's hospitality segment, as its Singapore market continued to badger declining revenue per available ...
Whilst its net earnings were badgered by the absence of contributions from two joint venture projects, City Developments Limited still reported healthy gains in its property portfolio across its markets. According to OCBC Investment Research, the group sold 293 units worth $477.1m in Singapore over 1Q17, up significantly versus 145 units at $145m in 1Q16. Meanwhile, CDL has sold 77% of the 1,374 residential units in Phase 1 of HLCC while 43% of the 430 units in Phase 2 have also been sold.
City Developments Limited posted a significant drop in net profit in Q1, ending the quarter with a 19.9% slump to $99.2m. According to OCBC Investment Research, this is largely due to a range of factors, including the absence of contributions from two JV projects Bartley Ridge and Echelon, which achieved Temporary Occupancy Permit (TOP) in 2016. Exchange losses, softer contributions from M&C and lower investment income from the realisation of an investment in Real Estate Capital Asia Partners also badgered overall bottom line for the group.
The two-year senior secured green bond raised $100m. City Developments Limited (CDL) kicked off the issuance of a green bond, making it the first Singaporean company to do so. Through the group's wholly-owned subsidiary CDL Properties Ltd., the two-year senior secured green bond has raised $100m at 1.98% fixed rate due 2019.
City Developments (CDL) saw a healthy take-up of 20 residential units across its Singapore projects over the weekend, after a surprise easing of policy measures, according to RHB. “Going forward, CDL is expected to launch New Futura and South Beach Residences in the latter half of 2017,” said Vijay Natarajan, RHB analyst. CDL recently hosted an analyst social event at its newly rebranded JW Marriott hotel (634 rooms).
CDL's Eling Residences stand to benefit from the collaborative efforts. City Developments Limited (CDL) is buoyant on its China projects despite many Chinese cities implementing property cooling measures. The real estate developer, which has footprint in the cities of Shanghai, Suzhou, and Chongqing, is counting on economic ties between Singapore and China to drive housing demand and entice investors to its various project locations.
City Developments Ltd (CDL) has announced that the newly-launched Eling Residences and CDL’s second development in Chongqing, Huang Huayuan, are set to benefit from the continual collaborative efforts between Singapore and Chongqing city. The luxury 126-unit Eling Residences is located at the centre of the Yuzhong Peninsula.
It acquired the London property for $103m. City Developments Limited has entered into an acquisition mode as it snaps up Ransomes Wharf site in Battersea, London from Curtaus Trust for GBP58.0m ($103.2m). According to RHB, CDL plans to develop the site into a luxury residential project with an estimated gross development value of GBP222.0m ($395.2m).
It was indeed a good quarter for property developer City Developments Ltd. as it reported a 56.4% uptick in its earnings, closing the period with $203.4m compared to $130.1m last year. According to OCBC Investment Research analyst Eli Lee, the group managed to obtain credible sales in Singapore despite challenging market conditions, with 482 units sold year-to-date at a total value of $622.4m. CDL reported strong demand for the newly launched Forest Woods project, with over 70% of the 519-unit now already sold, while 38 units out of the 40 units launched at the 174-unit Gramercy Park has also been sold.