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Subscribe to this list via RSS Blog posts tagged in City Development Limited CDL

Plum Lorong Lew Lian condo site draws 11 bids

Posted by Property Launch Invest on Friday, 18 March 2016 in Property News

A plum site in Lorong Lew Lian has attracted a bumper crop of l1 bids as developers move to replenish their land banks in the light of fewer state plots going on the market.

CDL posts 6.6% rise in Q4 net profit after monetising prime office assets

Posted by Property Launch Invest on Sunday, 28 February 2016 in Property News

The assets monetised were 7 & 9 Tampines Grande, Manulife Centre and Central Mall (Office Tower) valued at S$1.1 billion on a 99-year leasehold basis via a second Profit Participation Securities investment platform (PPS 2) in December 2015.

There was also a maiden contribution of S$12 million from the UK property development platform from the sale of Emerald House in Croydon, and higher revenue from the progressive sale and profit recognition from pre-sold projects in Singapore.

CDL posts record profit

Posted by Property Launch Invest on Sunday, 28 February 2016 in Property News

Despite challenging market conditions, Singapore-listed City Developments Limited (CDL) posted a record net profit of $410.5 million for Q4 2015, up 6.6 percent from the previous record of $384.9 million in Q4 2014.

The increase was fuelled by gains from monetising CDL’s three prime office assets in Singapore – 7 & 9 Tampines Grande, Manulife Centre and Central Mall (Office Tower), valued at $1.1 billion, and the $12 million contribution from the sale of a UK property.

Zero-energy green gallery opens at Singapore Botanic Gardens

Posted by Property Launch Invest on Thursday, 05 December 2013 in Property News

The National Parks Board and property firm City Developments Ltd opens two new facilities in the Singapore Botanic Gardens, which includes a certified green building that also promotes the country’s history of greening efforts

Singapore Prime Minister Lee Hsien Loong on Saturday opened two new facilities at the Singapore Botanic Gardens – the SBG Heritage Museum and the CDL Green Gallery - built by the National Parks Board and Singapore-listed City Developments Limited (CDL).

Both buildings, located at the Holttum Lawn, commemorate Singapore’s 50 years of greening initiatives and the property firm’s 50th anniversary. The CDL Green Gallery is Singapore’s first zero-energy gallery.

Singapore Home Prices Rise at Slowest Pace in Six Quarters

Posted by Property Launch Invest on Tuesday, 01 October 2013 in Property News

Singapore home prices increased at the slowest pace in six quarters after the government introduced new loan measures to cool prices in Asia’s second-most expensive housing market.

The island-state’s private residential property price index rose 0.4 percent to a record 216.2 points in the three months ended Sept. 30, after it climbed 1 percent in the second quarter, according to preliminary figures released by the Urban Redevelopment Authority today. That’s the smallest gain since the first quarter of 2012, when the index dropped 0.1 percent.

PROPERTY LAUNCHES & INVESTMENTS