Voluntary Early Redevelopment Scheme (VERS)

SINGAPORE (Sept 10): The government is carefully studying the feasibility of allowing private developers to play a role in the redevelopment of old flats in the Voluntary Early Redevelopment Scheme (VERS), Minister for National Development Lawrence Wong

SINGAPORE (Aug 21): Jefferies is reiterating its “hold” call on City Developments (CDL) with a price target of $11, which is based on a 22% discount to a RNAV of $14, with the view that there are no immediate catalysts for the stock.