City Developments (CDL)

SINGAPORE (Apr 3): CIMB is maintain the property and development sector at "overweight" with UOL and City Developments as top picks after q-o-q private homes price hike came in strongest in nearly eight years.

SINGAPORE (Mar 26): City Developments (CDL) says 315 or 70% of the 450 units it released for the 861-unit The Tapestry over 24-25 Mar has been sold at an early bird average selling price of $1,310 psf.

SINGAPORE (Mar 16): CIMB Research is keeping its “overweight” rating on the Singapore property sector, despite primary home sales volume tumbling 61% to 377 units in Feb 2018, from 469 units a year ago.

SINGAPORE (Mar 12): OCBC is optimistic on the operational and earnings outlook of big Singapore developers with strong recurring income streams from diversified investment properties.

SINGAPORE (Mar 8): City Developments (CDL) says subsidiary CDL Constellation will now enter into a JV agreement TID Residential (TIDR).

SINGAPORE (Mar 1): UOB Kay Hian is keeping its “buy” recommendation on City Developments (CDL), even as the property developer saw its results come in slightly below expectations in 4Q17.

SINGAPORE (Feb 28): DBS Group Research believes property developers are bullish on land-banking in executive condominium (EC) sites in Singapore due to limited supply in the near term.

SINGAPORE (Feb 28): City Developments reported a 23.4% fall in 4Q17 earnings to $186.7 million while FY17 earnings came in 17.6% lower at $538.2 million.

SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.

SINGAPORE (Jan 28): City Developments has failed in its takeover bid of Millennium and Copthorne Hotels (M&C Hotels).