City Developments

Fourth CDL director, Jenny Lim, quits board - THE EDGE SINGAPORE

Company in the news

Fourth CDL director, Jenny Lim, quits board

Jenny Lim Yin Nee, lead independent director of City Developments Ltd, has resigned.

IREIT Global to acquire Decathlon properties in France  without ‘financial doping’, backed by CDL - THE EDGE SINGAPORE

REITs

IREIT Global to acquire Decathlon properties in France without 'financial doping', backed by CDL

Decathlon needs no introduction and its regular shoppers should be familiar with brands like Quecha for value-for-money backpacks for hiking and Kalenji for running.

Property-related stocks take a breather,  - THE EDGE SINGAPORE

Right Timing

Property-related stocks take a breather

The price ascent of property-related stocks like Singapore Press Holdings (SPH), and those with limited free float such as United Industrial Corp, have stopped temporarily.

SembMarine gatecrashes the property stocks party with a breakout  - THE EDGE SINGAPORE

Right Timing

SembMarine gatecrashes the property stocks party with a breakout

More exciting than the rather staid Straits Times Index, is the performance of selected property related stocks such as Singapore Press Holdings (SPH), and United Industrial Corp (UIC) which has an

Opportunities for developers to acquire China  business parks as country addresses debt danger - THE EDGE SINGAPORE

Global review

Opportunities for developers to acquire China business parks as country addresses debt danger

Sincere Property Group was not the only Chinese company that defaulted on a bond payment. China Fortune Land Development Co also defaulted on a USD bond which matured on Feb 28.

CDL plans bond issue as Sincere Property defaults, and blame game begins - THE EDGE SINGAPORE

Property

CDL plans bond issue as Sincere Property defaults, and blame game begins

City Developments launched a $200 million senior 5-year bond tranche at 2.3%, on Mar 12, 130 bps above 5-year Sor (swap offer rate).

Lack of reaction from CDL’s price implies  Sincere’s bond default is factored in - THE EDGE SINGAPORE

Property

Lack of reaction from CDL's price implies Sincere's bond default is factored in

On March 10, Bloomberg carried a news item which said no payment had been made towards a bond from Chongqing Sincere Yuanchuang Industrial with RMB444.5 million ($91.9 million) outstanding that mat

CDL and Sincere: the blame game begins as Sincere defaults on bond  - THE EDGE SINGAPORE

Property

CDL and Sincere: the blame game begins as Sincere defaults on bond

On March 10, Bloomberg carried a news item which said no payment had been made towards a bond from Chongqing Sincere Yuanchuang Industrial, a unit of Sincere Property Group, with RMB444.5 million (

CDL begins monetisation of Sincere’s assets  - THE EDGE SINGAPORE

Property

CDL begins monetisation of Sincere’s assets

 On the afternoon of Feb 22, City Developments (CDL) made an SGXnet compliance announcement on interested party transactions, and a press release on corporate action to improve the liquidity of Sin

Undersupply, potential land price rise could narrow developer discounts - THE EDGE SINGAPORE

Investing ideas

Undersupply, potential land price rise could narrow developer discounts

Developers have had a tough 2020 between supporting their REITs, supporting their tenants, and having to revalue their hospitality portfolios downwards.

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