Tag Archives: City Developments

Award of tender for residential site at Buangkok Drive / Sengkang Central

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Buangkok Drive / Sengkang Central to White Haven Properties Pte. Ltd, a unit of Singapore-listed City Developments (CDL). The company submitted the highest bid in the … Continue reading

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Tender closing for residential site at Buangkok Drive / Sengkang Central

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Buangkok Drive / Sengkang Central today. The site at Buangkok Drive / Sengkang Central was launched for sale by public tender on 16 April 2012. The site … Continue reading

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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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South Beach project back on track after securing S$1.2b in fresh funds

The iconic South Beach development project along Beach Road is back on track, after a City Developments-led consortium secured S$1.2 billion in new funds. The South Beach Consortium will get money in the form of an S$800 million bank loan, … 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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Hong Leong, CityDev introduce measures against swine flu

Hong Leong Group said it has started to introduce precautionary measures against the spread of swine flu at its various offices. These include increasing the frequency of cleaning and disinfecting all lifts and toilets. By Tuesday, City Developments will also … 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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