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City Developments Limited (CDEVY)
- EdgeProp
CDL and MCL Land to launch Tembusu Grand in Katong at prices from $2,296 psf
Artist's impression of the 638-unit Tembusu Grand at Jalan Tembusu, just off Tanjong Katong Road (Source: CDL)SINGAPORE (EDGEPROP) - On March 24, the sales gallery of the 638-unit Tembusu Grand will open for public preview, with sales scheduled to start on April 8. A private condo by giant developers City Developments Ltd (CDL) and MCL Land, Tembusu Grand sits on a 210,622 sq ft, 99-year leasehold site along Jalan Tembusu, just off Tanjong Katong Road in prime District 15.“Tembusu Grand marks ou
- EdgeProp
CDL to acquire Sofitel Brisbane Central for $159.2 mil
The facade of Sofitel Brisbane Central. (Photo: CDL)SINGAPORE (EDGPROP) - City Developments Limited (CDL) has acquired Sofitel Brisbane Central for A$177.7 million ($159.2 million) or A$427,000 per key. This will be CDL’s third hotel in Australia.The purchase was made by the group’s wholly-owned hotel subsidiary Millennium & Copthorne Hotels Limited (M&C) and in 50:50 joint venture (JV) with its New Zealand-listed subsidiary Millennium & Copthorne Hotels New Zealand Limited on March 22 when it e
- EdgeProp
Projects that are set to premiere in 2023
SINGAPORE (EDGEPROP) - The first 11 months of 2022 saw 6,981 new homes sold, based on URA data as of Dec 15. Most consultants are projecting new home sales to end the year in the range of 7,250 to 7,500 units. “It’s at the lower end of our forecast of 7,500 to 8,000 units sold for 2022,” says Ismail Gafoor, CEO of PropNex.Compared to the 13,027 new homes sold in 2021, it represents a 42% to 44% y-o-y contraction in private home sales volume.The tally of new launches in 2022 is 17 private residen
