Gramercy Park

SINGAPORE (May 12): Maybank Kim Eng is maintaining its “hold” call on City Developments with an unchanged target price of $9.80 as it sees limited upside after the strong rally year to date.

SINGAPORE (April 11): City Developments Limited (CDL) has announced positive sales for its 174-unit luxury freehold residential development thus far, with average sales prices ranging from over $2,600 to $2,800 per sq ft.

SINGAPORE (Jan 17): City Developments is expected to pounce on more acquisition opportunities this year to capitalise on the current market weakness, says RHB.

SINGAPORE (Nov 10): City Developments Limited (CDL) reported a 60.1% rise in 3Q16 earnings to $170.3 million from $106.4 million a year ago, bringing its earnings per share up 59.8% to 18.7 cents for the quarter from 11.7 cents in 3Q15.

SINGAPORE (Sept 23): Maybank Kim Eng is keeping City Developments on “hold”, and keeping a close watch on its high-end Gramercy Park project, as the developer dips its toes into the luxury residential market.