Tag Archives: CDL

City Developments’ Q2 profit falls 15.3% on-year to S$139.9m

City Developments Limited (CDL) has become the latest property heavyweight to give a bullish outlook for the property sector. Executive chairman Kwek Leng Beng said on Thursday the recent strong home sales momentum is sustainable. The comment came as CDL … Continue reading

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Leasehold Botannia condominium project at West Coast fully sold

City Developments (CDL) and CapitaLand have fully sold their joint venture Botannia condominium project, located near West Coast Park. The majority of the 493-unit development with a 956-year leasehold was bought by Singaporeans. Foreigners purchased about a quarter of the … Continue reading

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City Developments posts 49.6% drop in 1st quarter net earnings to S$83.1m

City Developments has posted a 49.6 per cent decline in first quarter net earnings to S$83.1 million. The Singapore-listed developer said the decline in earnings was mainly due to lower contributions from both its property development and hotel operations. Revenue … Continue reading

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Almost all units launched for sale at The Arte at Thomson sold

Almost all of the 180 units for sale at The Arte at Thomson have been sold since the project’s official launch earlier this month. A total of 170 units has already changed hands, with 20 sold over the weekend for … Continue reading

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CityDev sells 150 units of The Arte for $190m

THE buzz continues at property launches on the island. City Developments said yesterday that it achieved about $190 million of sales from selling about 150 units at The Arte at Thomson since March 21. The freehold project is priced at … Continue reading

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Sales at City Development’s “The Arte” surpassed 80%

City Developments (CDL) said sales at “The Arte” condominium project have surpassed the 80 per cent mark. The developer said 150 units were snapped up in a Phase 1 launch recently with S$190 million of deals recorded. Most of those … Continue reading

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It’s not the time to buy

End 09, early next year could be better, says CDL chief CITY Development Limited (CDL) believes it is too early for it to start snapping up property in the downturn. “The buyer-seller price gap is too wide still, so it’s … Continue reading

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City Developments’ full-year net profit drops 20% to S$581m

Singapore property and hotel group City Developments (CDL) said Thursday its net 2008 profit fell 20 percent year-on-year to 581 million dollars (382 million US) due to lower hotel operation revenues. The decline in 2008 profits came amid a sharp … Continue reading

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The Arte @ Thomson

The Thomson-Balestier area is transforming from a  quiet mature locale to a rejuvenated community of trendy food establishments, interesting entertainment places and fresh living spaces. And soon to settle into this locale with just the right breath of contemporary living … Continue reading

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City Developments denies rumours of rights issue

Property developer City Developments (CDL) has denied market talk that it is planning a rights issue. In a statement to the Singapore Exchange, CDL said there is no truth to the rumours. Late last month, the company had issued S$100 … Continue reading

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