CDL City Developments Ltd Archives - Mingtiandi

Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects

Kevin He — Fri, 17 Nov 2023 10:53:51 +0000

Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.

A joint venture between CDL and UK developer... Read More>>

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Singapore Adds Two Residential Sites to Land Sale Plan and More Asia Real Estate Headlines

Ponrath Sopannarath — Fri, 17 Nov 2023 10:27:48 +0000

Authorities in Singapore are ready to keep pouring more homes into the city-state’s housing market with two more sites added to the government land sale plan this week. Also in the news today, UBS predicts another 10 percent drop in... Read More>>

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Developers Outbid Expectations in $1.7B Trio of Singapore Land Sales

Beatrice Laforga — Tue, 07 Nov 2023 14:08:02 +0000

Property heavyweights from Singapore, Hong Kong and China dominated the Lion City’s final land sale of 2023 with top bids for a trio of sites amounting to a combined S$2.3 billion ($1.7 billion), led by a stronger-than-expected offer from a... Read More>>

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Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M

Beatrice Laforga — Thu, 28 Sep 2023 13:32:05 +0000

City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature... Read More>>

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Evergrande Chairman Detained, Liquidation Looms and More Asia Real Estate Headlines

Ponrath Sopannarath — Wed, 27 Sep 2023 01:45:54 +0000

The mounting woes at China Evergrande, and their impact on China’s property sector, lead today’s collection of real estate headlines from around the region. Vietnam also makes the list with a crisis of its own, and statistics show Greater China... Read More>>

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Asia Real Estate People in the News 2023-09-18

Michael Cole — Sat, 16 Sep 2023 08:13:37 +0000

Director resignations at a pair of mainland China real estate companies lead this week’s list of personnel moves from around the region, as developers continue to reel from that country’s property crisis. Also in the news is Barings naming new... Read More>>

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GuocoLand, CDL Enter Top Bids for Lentor Central, Champions Way URA Sites

Christopher Caillavet — Tue, 12 Sep 2023 14:44:05 +0000

Property heavyweights GuocoLand and City Developments Ltd submitted the highest bids for two separate northern Singapore projects as the Urban Redevelopment Authority closed the tender for the sites on Tuesday.

For the 1.47 hectare (3.63 acre) site at Lentor Central,... Read More>>

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CDL Buys Osaka Hotel for $58M, Adding to String of Hospitality Acquisitions

Christopher Caillavet — Thu, 31 Aug 2023 15:08:03 +0000

City Developments Ltd has acquired a 256-room Osaka hotel for JPY 8.5 billion ($58 million), chalking up the Singapore property giant’s third hospitality acquisition this year.

CDL paid roughly $230,000 per key for the Bespoke Hotel Shinsaibashi, a freehold property... Read More>>

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CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up

Christopher Caillavet — Sun, 13 Aug 2023 02:29:46 +0000

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.

At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)... Read More>>

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Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception

Beatrice Laforga — Mon, 10 Jul 2023 14:07:53 +0000

After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what... Read More>>

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