The Business Times

City Developments Ltd (CDL)

Companies & Markets

CDL divests US$143.5 million residential asset in Silicon Valley area

Zyon Grand, of which CDL holds a 50 per cent stake with 706 units, saw 84 percent of its units sold during the launch weekend at an average of S$3,050 psf.
Companies & Markets
BROKERS’ TAKE

RHB upgrades CDL to ‘buy’, raises its target price on residential strength, asset divestments

This trophy waterfront asset is the only retail property within the prestigious Sentosa Cove enclave and has attracted encouraging market interest, said the group in a third-quarter operational update.
Companies & Markets

CDL in advanced talks to sell Quayside Isle @ Sentosa Cove, which was put on market for S$111 million

It is the third time that ST senior correspondent Angela Tan has been recognised at the annual Sias Investors’ Choice Awards.
Companies & Markets

ST journalist wins Financial Story of the Year award

An artist's impression of Zyon Grand, a new Core Central Region project by CDL and Mitsui Fudosan. The 99-year leasehold development is directly connected to Havelock MRT station.
Property

CDL, Mitsui Fudosan to launch Zyon Grand with prices from S$2,689 psf

On the benchmark Straits Times Index, City Developments Ltd is the top gainer on Friday with a 0.4% rise to S$6.83.
Companies & Markets

Singapore shares fall on Friday, in line with regional declines; STI slips 0.2%

From left: Sherman Kwek, CDL group chief executive; Kwek Leng Beng, executive chairman of Hong Leong Group and CDL; and Professor Tan Thiam Soon from SIT.
Lifestyle
TAKING HEART

CDL, Kwek Leng Beng donate S$24 million to SIT

Hong Leong Group executive chairman Kwek Leng Beng (left) with Shanghai party secretary Chen Jining in Shanghai on Sep 9.
Companies & Markets

Hong Leong has ‘abundant opportunities’ for greater Shanghai, China collaboration: Kwek Leng Beng

Strong home sales power developers’ H1 earnings, analysts upbeat on firm sentiment, steady pipeline
Property

Strong home sales power developers’ H1 earnings, analysts upbeat on firm sentiment, steady pipeline

CDL chief investment officer Gerald Yong said the planned divestment is aligned with its strategic focus on capital recycling and portfolio optimisation.
Property

CDL puts Quayside Isle @ Sentosa Cove mall up for sale at S$111 million

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