City Developments (CDL)

SINGAPORE (Nov 10): DBS is maintaining its “buy” call on City Developments with target price of $14.03 mainly on re-pegging the valuation on Millennium & Copthorne to NAV.

SINGAPORE (Nov 2): City Developments’ China subsidiary is partnering China Vanke Co. to develop and manage two Chongqing projects.

SINGAPORE (Oct 9): City Developments announced on Monday it offering 552.5 pence to buy the remaining shares in Millennium & Copthorne Hotels it does not own.

SINGAPORE (Oct 6): JPMorgan is keeping its positive view of Singapore developers on valuations, the multi-year residential upcycle and RNAV-accretive land acquisitions.

SINGAPORE (Oct 5): CIMB says the new condo at the Amber Park site could add 5 cents to City Developments’ RNAV if the estimated selling price hits $2,200 psf.

SINGAPORE (Oct 4): City Developments (CDL) and its joint venture partner have successfully acquired Amber Park at $906.7 million, setting the record as Singapore’s largest freehold collective sale by dollar value.

SINGAPORE (Sept 28): OCBC is maintaining an “overweight” rating on Singapore’s property sector.

SINGAPORE (Sept 25): Maybank Kim Eng expects a busy month ahead for the local property market.

SINGAPORE (Sept 12): The Singapore government in September raised the development charge (DC) rates for non-landed residential by 18.8% on average due to the euphoria seen in land transactions, according to DBS.

SINGAPORE (Aug 11): City Developments has announced a 17.9% drop in 2Q17 earnings to $109.9 million from $133.8 million in 2Q16.