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City Developments Limited (CDEVY)
- Simply Wall St.
City Developments Limited's (SGX:C09) market cap surged S$284m last week, private companies who have a lot riding on the company were rewarded
Key Insights Significant control over City Developments by private companies implies that the general public has more...
- EdgeProp
URA awards Zion Road site to CDL-Mitsui Fudosan JV, and Upper Thomson Road site to GuocoLand-Hong Leong JV
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
- EdgeProp
CDL divestment accelerates with sale of strata units at Fortune Centre and Sunshine Plaza
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
