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City Developments
Property
ABSD hikes amid dimmer economic outlook a pre-emptive measure: Lee
The latest round of measures is the "final nail in the coffin" for the residential segment, says CLSA's Wong Yew Kiang
April 27, 2023
Broker's Calls
RHB keeps 'buy' on CDL following recent acquisition moves
CDL's core earnings are expected to rebound this year from healthy residential sales and the hospitality sector recovery.
March 31, 2023
Insider moves
Kimly buys back shares; First Sponsor director increases personal stake
Kimly's total payout for FY2022 to 1.68 cents per share, equivalent to a payout ratio of 61.4%.
February 23, 2023
Property
Copen Grand fully sold, with remaining units snapped up by second-time buyers
The units in this EC were sold at prices ranging between $1,300 psf and $1,337 psf
November 27, 2022
Results
CDLHT's 1HFY2022 distribution up 67.2% y-o-y to 2.04 cents
CDLHT warns that while demand has returned strongly, the industry, as whole, is facing labour and cost pressures.
July 29, 2022
Right Timing
Sora is at year-high but CDL, UOL have fallen and are nearing supports
Although Sora is at a 1-year high, CDL and UOL share prices have fallen ahead of higher interest rates
July 14, 2022
Budget 2022
Higher property taxes to have negative impact on developers and property agencies: CGS-CIMB
However, rental rates may go higher to make up for the higher taxes
February 20, 2022
Right Timing
Market takes Fed’s 3-2-3 and property curbs in its stride
Property measures are likely to impact agencies more than developers says OCBC's Carmen Lee. The Fed's hawkish stance hurts REITs
December 16, 2021
Property
First Sponsor clinches redevelopment of prime site in Sydney
First Sponsor Group, an associate company of City Developments has clinched a project to redevelop a prime site in Sydney
November 22, 2021
Property
What’s next after Hongkong Land’s share buyback plan?
Following Hongkong Land's share buyback programme, we look at what could materialise for companies with steep P/NAV ratios
September 09, 2021