City Developments executive flags potential cooling measures amidst rising residential prices

25 May 2021 - Singapore Business Review
Billionaire Kwek Leng Beng said cooling measures might be introduced if residential property prices continue to rise. The government could introduce cooling measures if residential property prices continue to rise, according to City Developments Limited (CDL) Executive Chairman Kwek Leng Beng. “The Chairman ...
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Market Update: STI up 0.26%

21 May 2021 - Singapore Business Review
Frasers Logistics & Industrial Trust saw the sharpest decline during Friday's trading, with a 0.69% drop. The Straits Times Index ended 8.08 or 0.26% higher at 3,117.89 at the close of trading on Friday, May 21. Among the top active stocks were Venture Corp. Ltd. which grew 1.36%, CapitaLand which grew ...
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City Developments in the midst of a board exodus

4 May 2021 - Singapore Business Review
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board. City Developments Limited (CDL) has announced the fourth resignation from its Board of Directors, effectively disbanding its board committee. The property development firm has accepted the notice of resignation of ...
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Market Update: STI down 1.22% on concerns over COVID-19 cases spike

22 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) extended its losses as it closed down by 39 points or 1.22% at 3,153.17 on Wednesday. This is due to Asian markets’ growing concerns over resurgence of COVID-19 outbreaks, weighing on global investor sentiment. Bottom performers for the day were Keppel with a $5.30 or 2.75% ...
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CDL aims for master-developer status, launches Irwell Hill Residences

26 Mar 2021 - Singapore Business Review
The property group is “very confident” in becoming a master-developer. As part of the group’s goal to replenish its land bank and ensure a stable launch pipeline, City Developments Limited (CDL) is propped to becoming a master developer in Singapore. Instead of having small parcels of land, Singapore ...
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STI gains 9.2% in March

17 Mar 2021 - Singapore Business Review
The Straits Times Index continues to recover. The Straits Times Index (STI) gained 9.2% as of 15 March, according to latest data from the Singapore Exchange. The index, which tracks the top 30 companies traded in the exchange, falls within 20% of the record high of May 2018, and would have to decline ...
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CDL suffers $1.9b loss in H2 2020

26 Feb 2021 - Singapore Business Review
The property firm's revenue fell by 38.5% for FY 2020. City Developments Limited reported a $1.9b loss in the second half of 2020. According to the property firm, significant loss was attributable to one-off impairment of $1.78b on Sincere Property Group investment and impairment losses for CDL’s hotels ...
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City Developments acquires majority stake in Shenzen Tech Park

23 Feb 2021 - Singapore Business Review
It has entered into an agreement with Chinese-based Sincere Property Group and two entities of China Ping An. City Developments Limited (CDL) has acquired 84.6% equity interest in Shenzhen Tusincere Technology Park Development Co. Litd. for approximately $174m. Shenzhen Tusincere, in turn, has 65% equity ...
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Singapore equities fall on Thursday, STI down 0.8%

4 Feb 2021 - The Business Times
LOCAL shares fell on Thursday, alongside other stock markets in the region, amid a combination of dwindling investor optimism and profit taking. The benchmark Straits Times Index (STI) fell 0.8 per cent or 21.89 points to 2,905.58. Across the broader market, decliners outnumbered advancers 283 to 183, ...
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Stocks to watch: SingPost, FLCT, CDL, Wing Tai, BRC Asia, Neo Group

4 Feb 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday. Singapore Post (SingPost): The group reported S$351 million in revenue for the third quarter ended December 2020, down 1 per cent from S$356 million for the corresponding period last year. Its profit ...
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