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...
City Developments
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...