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CDL looks to launch nearly 2,000 units in 4 Singapore projects

In its earnings call, it says it will keep its gearing optimal, recycle capital, grow its land bank and stay invested in China

Kalpana Rashiwala

Published Fri, Aug 13, 2021 · 05:50 AM

Singapore property

Singapore

CITY Developments (CDL), often seen as the proxy for the Singapore residential property market, has a launch pipeline here of nearly 2,000 housing units for sale in four upcoming launches.

First off will be the 696-unit CanningHill Piers, the residential component of a mixed-use project on the former Liang Court site next to Clarke Quay, which it is developing jointly with CapitaLand. Canning Hill Piers is slated for launch in the fourth quarter of this year.

Next year, CDL has three launches lined up. These are a project in Northumberland Road, near the Farrer Park MRT station, and an executive condo in Tengah Garden Walk. Both are joint-venture developments with MCL Land, a fully owned…