City Developments (CityDev)

SINGAPORE (Dec 7): First Sponsor has formed a joint venture with its two key shareholders, City Developments (CityDev) and Tai Tak Estates Sendirian Berhad, to acquire the Le Méridien Frankfurt Hotel in Germany for a total of €85.0 million ($135

SINGAPORE (Dec 6): Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years.

SINGAPORE (Nov 13): City Developments has capitalised on strong home buying sentiment in Singapore with sales value tripling to $1.8 billion in 9M17.

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 7): DBS is reiterating its “buy” call on City Developments but with its target price of $12.63 “under review".

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

SINGAPORE (Aug 30): The benchmark Straits Times Index (STI) has generated a 13.2% price gain year to date (YTD) with its strongest-performing sectors being real estate, financials and industrials.

SINGAPORE (Aug 28): DBS Group Research is positive on Singapore’s property stocks and REITs given the real estate market is expected to continue enjoying firmer fundamentals going into 2018.