CDEVY - City Developments Limited

Other OTC - Other OTC Delayed Price. Currency in USD
5.02
+0.04 (+0.80%)
At close: 03:50PM EDT
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Previous close4.98
Open4.92
Bid0.00 x 0
Ask0.00 x 0
Day's range4.92 - 5.02
52-week range4.89 - 6.51
Volume5,291
Avg. volume5,522
Market cap4.562B
Beta (5Y monthly)0.94
PE ratio (TTM)4.97
EPS (TTM)1.01
Earnings dateN/A
Forward dividend & yield0.20 (4.07%)
Ex-dividend date02 May 2023
1y target est7.76
  • EdgeProp

    CDL to launch The Myst at Upp Bukit Timah in 2H2023; impact of cooling measures on residential portfolio 'manageable'

    CDL to launch The Myst, a 408-unit project at Upper Bukit Timah Road, in 2H2023 (Picture: CDL)SINGAPORE (EDGEPROP) - Singapore-listed property group City Developments Ltd (CDL) announced on May 19 that it would launch The Myst, a new 99-year leasehold, 408-unit project at Upper Bukit Timah Road sometime in 2H 2023. The private condo is within a five-minute walk of the Cashew MRT station on the Downtown Line.On the other hand, CDL has rescheduled the preview for Newport Residences, initially slat

  • EdgeProp

    Millennium Hotels and Resorts debuts M Social brand in China with Suzhou property

    The 294-room luxury hotel is the brand’s first property in China. (Photo: MHR)SINGAPORE (EDGEPROP) - M Social has announced its opening of M Social Suzhou in an April 26 press release. The 294-room luxury hotel is the brand’s first property in China.M Social is the lifestyle brand of global hotel group Millennium Hotels and Resorts (MHR), a unit of listed developer City Developments (CDL). The brainchild of MHR’s executive chairman Kwek Leng Beng, M Social was first launched in 2016 to cater to

  • Reuters SG

    EMERGING MARKETS-Indonesian rupiah leads Asian FX higher, shares firm

    * Most regional equities firm * Singapore stocks fall after surprise property tax hike * Philippine stocks gain 0.8% By Himanshi Akhand April 27 (Reuters) - Indonesia's rupiah led most emerging Asian currencies higher against a broadly weaker U.S. dollar on Thursday, with investors awaiting the U.S. Federal Reserve's policy meeting next week, while stock markets in the region also posted gains. The currency strength was in part due to the trade data showing exports contracted less than expected in March, boosted by a rise in agriculture exports such as rice and sugar, MUFG analysts said in a note. Investors globally remained uncertain about how much longer the Fed would keep interests high, although Fed funds futures are currently pricing in an 80% chance for a 25 basis point increase at the U.S. central bank's policy meeting next week.

  • Reuters SG

    EMERGING MARKETS-Most Asian currencies edge higher; stocks gain

    * Indonesian rupiah gains 0.5% * Jakarta stocks lead gains as most regional equities firm * Singapore stocks fall after surprise property tax hike By Himanshi Akhand April 27 (Reuters) - Most Asian currencies edged higher against a broadly weaker U.S. dollar on Thursday, with several share markets in the region posting gains, and the Thai baht benefitting from encouraging trade data. The Indonesian rupiah, Asia's best performing currency so far this year, rose 0.5%, having been supported by portfolio investment inflows for several days. Analysts at MUFG wrote that the firm baht was in part due to trade data showing exports contracted less than expected in March, as agriculture exports such as rice and sugar.

  • EdgeProp

    CDL-MCL Land's Tembusu Grand 53% sold at an average price of $2,465 psf

    The preview of Tembusu Grand drew 14,000 visitors across the two weekends ahead of the launch on April 8 (Photo: CDL)SINGAPORE (EDGEPROP) - Joint venture partners City Developments Ltd (CDL) and MCL Land launched their third project, Tembusu Grand, on April 8. Having moved 340 out of 638 units, the take-up rate of the project on Jalan Tembusu, just off Tanjong Katong Road, was 53.3%. Units were sold at an average price of $2,465 psf.According to the developers, Singaporeans comprised 90% of the

  • 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

  • EdgeProp

    [UPDATE] City Developments raises the bar with quality, innovative offerings

    Chia Ngiang Hong, group general manager of City Developments (left), receiving the Top Developer award from Bernard Tong, CEO of EdgeProp Singapore (Picture: Albert Chua/The Edge Singapore)EDGEPROP (SINGAPORE) - For the sixth year running, City Developments Ltd (CDL) was crowned Top Developer at the EdgeProp Singapore Excellence Awards (EPEA) 2022 — the only developer to have achieved such a streak. The Singapore-listed property giant also scooped up multiple awards for CanningHill Piers, a join

  • EdgeProp

    CanningHill Piers sweeps the board with five-star wins

    CanningHill Piers is an integrated development comprising luxury residences, a hotel, a serviced residence and retail units. It is jointly developed by CDL and CapitaLand. (Picture: CDL & CapitaLand)EDGEPROP (SINGAPORE) - The landmark integrated project CanningHill Piers swept the board at the sixth EdgeProp Excellence Awards (EPEA 2022) on Oct 21. Jointly developed by CapitaLand and City Developments Ltd (CDL), this iconic development emerged as the winner in five different award categories.Rea

  • EdgeProp

    The sustainability features behind the pixelated façade of Irwell Hill Residences

    Caption: The two 36-storey residential towers are centred around a landscaped garden inspired by the conserved heritage rain trees (Credit: City Developments Ltd)Located off River Valley Road in prime District 9 is Irwell Hill Residences, the 540-unit, high-end condominium by City Developments (CDL). It sits on a 137,638 sq ft, 99-year leasehold elevated site with four conserved heritage rain trees.The project is designed by the globally acclaimed Dutch architectural firm MVRDV in collaboration

  • EdgeProp

    [UPDATE] Copen Grand achieves 73% sales on launch day, making it the best-selling EC project since 2018

    Crowd at Copen Grand on preview weekend (Photo: CDL)EDGEPROP (SINGAPORE) - Copen Grand, the first executive condo (EC) in Tengah Town, Singapore’s first smart and sustainable precinct, saw a total of 465 out of a total of 639 units or 72.8% taken up on the first day of sales booking on Oct 22.The average launch price was $1,300 psf, with an additional 3% for those who opted for the deferred payment scheme (DPS).All unit types were well-received by homebuyers, with the four-bedroom deluxe units f

  • EdgeProp

    Copen Grand EC receives 2,300 e-applications

    Copen Grand's sales gallery has drawn around 20,700 visitors since it opened on Oct 7 (Picture: CDL)SINGAPORE (EDGEPROP) - Copen Grand, an executive condominium (EC) by City Developments Ltd (CDL) and MCL Land in Tengah Town, has drawn around 20,700 visitors to its sales gallery since the project opened for preview on Oct 7, according to CDL.Read also: City Developments-MCL Land previews Copen Grand at prices starting from $1.08 milE-applications for the development, which opened on Oct 7 and cl

  • EdgeProp

    Palais Renaissance unveils new look and new restaurants with lifestyle offerings

    EDGEPROP (SINGAPORE) - Palais Renaissance unveiled a new look on Oct 10, after the completion of $7 million asset enhancement works which commenced last year.Read also: Clarke Quay to reposition as day-and-night destination in $62 mil faceliftThe mall-cum-office, owned and managed by City Developments Ltd (CDL), is home to the Michelin-starred Sushi Kimura, PS.Cafe, Merci Marcel and upscale whisky library The Writing Club.Newly redesigned mall interiors feature French-inspired design cues and ar

  • EdgeProp

    Copen Grand, Tenet test demand for ECs after cooling measures

    The Tengah Forest to be transformed into the 700 ha Tengah Town, with five residential districts and 42,000 new homes in the future (Photo: Samuel Isaac Chua/EdgeProp Singapore)EDGEPROP (SINGAPORE) - A week after the government rolled out property cooling measures to keep public housing prices affordable on Sept 30, at least two residential project launches will proceed as planned. Both projects are executive condominiums (ECs), a hybrid between public and private housing, and will test the dema

  • EdgeProp

    City Developments-MCL Land previews Copen Grand at prices starting from $1.08 mil

    Artist's impression of the 639-unit Copen Grand (Picture: CDL-MCL Land) EDGEPROP (SINGAPORE) - Copen Grand, the first executive condo (EC) in the upcoming Tengah Town, will open for e-application on Oct 7 till Oct 17, with sales bookings to start on Oct 22.Read also: CDL is top bidder for EC site at Bukit Batok West Ave 5 at $626 psf pprDeveloped jointly by City Developments Ltd (CDL) and MCL Land, the 639-unit EC is located at Tengah Garden Walk, in the heart of Tengah Town, which is envisioned

  • Reuters SG

    UPDATE 5-Singapore tightens housing loan limits as rates rise

    Singapore has unveiled a package of measures for the property market, including tightening lending limits for housing loans in response to a rise in interest rates, as well as new steps to moderate demand. The move would ensure "prudent borrowing" and "avoid future difficulties" in servicing home loans, said Singapore's central bank, the Ministry of National Development and the Housing & Development Board in a joint statement late on Thursday. The measures - including lowering the amount of government loans available to buy public housing by 5 percentage points - were announced late on Thursday and came into effect from Friday.

  • EdgeProp

    City Developments: Home is where the cash is, as investors expect more uplift from legacy assets

    SINGAPORE (EDGEPROP) - City Developments’ (CDL) shareholders would have cheered the special dividend of 12 cents per share and an ordinary interim dividend of three cents per share in 1HFY2022.Read also: Four-bedroom penthouse at Boulevard 88 reaps $2.9 mil profitDuring the six months ended June, CDL divested the Millennium Hilton Seoul for around $1.2 billion, and a gain of some $500 million. Similarly, the deconsolidation of CDL Hospitalit Trusts (CDLHT), which was given as a dividend-in-speci