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City Developments
Broker's Calls
CDL could get partners for $1 billion divestment, says JP Morgan
City Developments may get capital partners as part of divestment plan.
March 06, 2024
Property
CDL buys Paris hotel from Blackstone for $356 mil, Mingtiandi reports
CDL had bought St Katharine Docks from Blackstone last March
March 03, 2024
Property
London prices are falling, but activity could rise
In London, as yields decompress further, the mismatch between buyers and sellers will close, CBRE says
February 29, 2024
Property
Developers brave a global stress test
After years of overseas adventures, a few Singapore property players are forced to write down the value of their foreign assets
February 29, 2024
Results
CDL reports total sales value of $325 mil for 3QFY2023 as market sentiments improve
Sales were largely driven by the July launch of The Myst along Upper Bukit Timah Road.
November 23, 2023
Property
CDL aims for additional recurring income with Manchester acquisition for $125.7 million
1NQ is CDL’s fourth PRS project in the UK since 2019
November 14, 2023
Property
Briefs: CDL impacted by higher interest costs; WeWork's impact on REITs
CDL's earnings hurt by higher interest costs, concerns over WeWork's presence in the CBD
August 10, 2023
Broker's Calls
DBS maintains 'buy' on CDL following acquisition of hotel in Seoul
Between 2021 and 2022, CDL divested some $3 billion worth of assets and has redeployed $1.6 billion
July 05, 2023
Property
CDL acquires Nine Tree Premier Hotel Myeongdong II
CDL re-enters Seoul with premier hotel acquisition after divesting Millennium Seoul Hilton in 2022
July 04, 2023
Broker's Calls
DBS prefers CDL and Guocoland, citing strong interest for recent projects
We can sense the continued interest, 'vibe' and 'excitement' amongst buyers
July 03, 2023