Property developer City Developments Ltd (CDL) has been lauded for its Corporate Social Responsibility (CSR) practices. It clinched three awards at the Asian CSR Awards 2008. CDL is the only Singapore company to be recognised at the event. In a statement, CDL said its three CSR initiatives were selected for the awards, out of a total of 15 finalists across five categories. Among them was a campaign...
CDL
AMID the weakening property market, City Developments said it will delay selling homes at new projects for now. About 130 units remained unsold among the homes it had already released for sale. At the same time, CDL and its partners in the South Beach development, located downtown, have agreed to delay construction on expectations that building costs will retreat, said the company. Singapore’s...
Property firm City Developments (CityDev) has posted net profits of S$150.8 million for the third quarter of this year – down 11 per cent from last year. Revenue for the period came down 13.6 per cent to hit S$688 million. The firm said it would hold back the launch of new residential projects for the time being, in light of the subdued property market and global economic uncertainty. It has also...
Move is milestone in S’pore’s push to develop alternative mode of investment City Developments (CDL) is raising $1 billion in Islamic debt through a pioneering notes programme as a means to diversify its sources of financing. This will be Singapore’s first Islamic Sukuk-Ijarah unsecured financing arrangement by a company, marking a milestone in the Republic’s push to develop Islamic finance as an...
US sub-prime crisis hurts confidence of likely buyers City Developments (CDL) will delay sales of new residential projects in Singapore, where it gets more than half of its revenue. The confidence of prospective home buyers has been eroded by the sub-prime mortgage crisis in the United States and the downturn in global credit markets, the company said. “How long the uncertainty and credit squeeze will...
Property developer City Developments has reported a 31 percent rise in first-quarter earnings to S$165 million. The results came at the lower end of expectations. Revenue fell 1.3 percent to about S$759 million. The Singapore property market cooled substantially in the first quarter in the wake of the US sub-prime crisis late last year. The government also scrapped a deferred payment scheme, which...
Property developer City Developments (CDL) has booked record full year earnings, thanks to strong home sales and hotel revenues. Net profit for 2007 more than doubled on-year to S$725 million, beating market expectations. Revenue rose by 22 percent to S$3.1 billion. CDL says it will not rush into new residential launches in the coming months but will closely monitor market conditions. It has been a...
A haute living landmark in prime district 10. This extravagant freehold development takes you into a world of quiet elegance, with regally manicured gardens, delightful sculptures, and a spectacular outdoor entertainment area. Revel in the absolute privacy of having just one home per floor, and a private lift that opens directly into your own lavish abode. With 360 degree scenic panoramas, Cliveden at...
Feel the city’s heartbeat from where you reside. Just minutes from Orchard Road and Scotts Road, Residences @ Evelyn is close to everything that really matters. Shopping Centres, restaurants, theatres, schools and MRT. There is no better location that’s so close to all the amenities. This two 33-storey residential apartment blocks comprised of 208 apartment units with one basement car park. All...
The Sail @ Marina Bay would be the new icon set at the skyline of Marina Bay, which is located in Marina Boulevard. It is considered a 6-star waterfront lifestyle condominium. An architectural icon soars to greet the sky, the structure of The Sail is 245 metres and 70 storey high. The Sail is Singapore’s tallest condominium / apartment and it is among the top 10 tallest residential building in the...