City Developments Limited (CDL)

CDL-led consortium secures $1.22 bil green loan from five banks - THE EDGE SINGAPORE

Green loans

CDL-led consortium secures $1.22 bil green loan from five banks

South Beach Consortium, a joint venture between City Developments (CDL) and Malaysia’s IOI Properties Group Berhad, has secured a five-year green loan of $1.22 billion, making it one of Singapore’s

Company in the news

CDL's China deal is a cautionary tale

When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy.

City Developments looks beyond Sincere - THE EDGE SINGAPORE

Property

City Developments looks beyond Sincere

City Developments (CDL) is attempting to put its ill-fated $1.9 billion investment in Sincere Property Group behind.

'Proxy to Singapore' to continue land banking - THE EDGE SINGAPORE

Property

'Proxy to Singapore' to continue land banking

Investors were transfixed by the $1.9 billion loss at Singapore-listed City Developments (CDL) in its FY2020 financial results last week, due to the firm’s misadventure in China through its joint v

Analysts remain positive on CDL despite impairments on Sincere - THE EDGE SINGAPORE

Broker's Calls

Analysts remain positive on CDL despite impairments on Sincere

Analysts from CGS-CIMB Research, OCBC Investment Research (OIR) and RHB Group Research have maintained their “buy” calls on City Developments Limited (CDL) after the property group posted a net los

CDL's Sincere Property RMB Bonds downgraded to AA- - THE EDGE SINGAPORE

Credit downgrade

CDL's Sincere Property RMB Bonds downgraded to AA-

China Lianhe Rating Co has downgraded the issuer and bond credit rating of Sincere Property’s five corporate bonds to AA- from AA.

Millennium & Copthorne New Zealand faces cancellations, unable to forecast exact impact on 1H21 financial performance - THE EDGE SINGAPORE

Property

Millennium & Copthorne New Zealand faces cancellations, unable to forecast exact impact on 1H21 financial performance

Millennium & Copthorne (M&C) Hotels New Zealand, a subsidiary of City Developments Limited (CDL), says it has received “multiple cancellations” for bookings over the week of Feb 16 and the

Six Singapore firms now among Bloomberg's 2021 Gender-Equality Index - THE EDGE SINGAPORE

Environmental, Social and Governance

Six Singapore firms now among Bloomberg's 2021 Gender-Equality Index

Genting Singapore is among the latest firms in Asean to join the 2021 Bloomberg Gender-Equality Index.

Results

CDL says it expects to record 'material impairment loss' on Sincere investment

City Development Limited (CDL) says it expects to make provisions for a “material impairment loss” on its investment in Sincere Property on Jan 21, given the “ongoing unprecedented challenges” for

CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group - THE EDGE SINGAPORE

Company in the news

CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group

City Developments Limited (CDL) has set up a special working group to review and improve liquidity and profitability of its 51.01% joint venture (JV) equity investment in Sincere Property Group.

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