CDL reports operational improvements but is wary of Covid-19 impact
Add BT as a preferred sourceSingapore
CITY Developments Ltd (CDL) said that there are signs of improvement across its core business segments, but the prolonged Covid-19 pandemic remains a concern as it continues to adversely impact operations.
CDL and its joint venture (JV) associates sold 319 units with a total sales value of S$513.6 million in the first quarter of 2021 ended March 31, a 72 per cent increase from a year ago, it said in an operational update on Wednesday. The sales this quarter were spread across various property categories, CDL added.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Singapore’s national accountancy body sets up task force to strengthen financial reporting
