Key Insights Significant control over City Developments by private companies implies that the general public has more...
CDL and Mitsui Fudosan submitted a $1.107 billion bid for the 164,439 sq ft site, which translates to $1,202 psf per plot ratio (ppr). URA has awarded the tender for two recently closed government land sale (GLS) sites. A residential site at Zion Road was awarded to a joint venture (JV) between City Developments Ltd (CDL) and Mitsui Fudosan, while a different GLS site at Upper Thomson Road was awarded to a JV between GuocoLand and Hong Leong Holdings.The CDL-Mitsui Fudosan JV was the only one to
CDL is releasing its 27 remaining strata commercial units at Fortune Centre for sale to the tune of $63.6 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)This month, City Developments Ltd (CDL) has mounted a divestment programme across multiple fronts in its sprawling real estate investment portfolio. This is in keeping with the $1 billion divestment target set for 2024 outlined by group CEO Sherman Kwek at CDL’s FY2023 results briefing on Feb 29.On April 12, CDL rolled out for sale a portf