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City Development Limited (CDL)
Contracts
City Developments’ CDI acquires industrial zoned land in Christchurch for NZ$17.1 mil
The recent agreement grants the CDI's purchase of 10.08 hectares of land located in Burnside, Christchurch for NZ$17.1 million.
July 12, 2024
Property
Sole consortium of giant developers bid for Jurong Lake District master developer site
The consortium comprises CapitaLand, City Developments, Frasers Property and Japan's Mitsubishi Estate and Mitsui Fudosan.
March 26, 2024
Insider moves
CDL initiates share buyback programme with purchase of 954,000 ordinary shares
CDL says its shares are currently trading significantly below their intrinsic value despite the company’s “strong fundamentals”.
March 08, 2024
Budget 2024
Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International
The measures proposed at the Singapore Budget 2024 was fairly expected, say analysts Lock Mun Yee and Lim Siew Khee.
February 20, 2024
Broker's Calls
'Sluggish year ahead' for real estate sector, RHB maintains 'neutral' call and names City Developments as top pick
Analyst Vijay Natarajan expects a further moderation in property prices in 2024, noting increasing supply and high interest rates.
January 15, 2024
Broker's Calls
CGS-CIMB keeps 'add' call and $8.97 on CDL following accretive purchase of Japan assets
The purchase is estimated to lift CDL's AUM in the 'living' sector to $1.7 billion and its overall AUM to $3.4 billion
October 02, 2023
Broker's Calls
Brokers' Digest: CDL, Centurion, Food Empire, Delfi, Nanofilm, AEM
See what the analysts have to say this week.
August 20, 2023
Property
CICT and CDL remain unaffected by WeWork's bankruptcy warning (update)
The co-working company is a tenant at some of CICT, Suntec REIT, MPACT and CDL’s properties.
August 10, 2023
Sustainability
CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report
City Development Limited first in Southeast Asia to apply two-pillar ESG framework to sustainability report
March 28, 2023
Broker's Calls
Singapore property sector 'resilient' despite global slump; CDL and CLI preferred picks: Credit Suisse
Analysts are expecting the Singapore housing sector to show growth of 3% to 5% for 2023 even as the global market slump deepens.
January 18, 2023