City Developments Limited

Broker's Calls

CDL overhang lifted with PPS for Nouvel 18

SINGAPORE (Oct 21): Maybank Kim Eng is maintaining its “hold” call on City Developments Limited (CDL) with a target price of $9.42, citing the lifting of a key stock overhang in Nouvel 18.

CDL expands Japan footprint; invests in prime development in Tokyo

SINGAPORE (Oct 18): City Developments Limited (CDL) announced that its special purpose company, Iconique Tokutei Mokuteki Kaisha has signed an agreement with Mitsui Fudosan Residential for a 20% stake in a prime residential development in Tokyo.

Clock ticking as property developers face double threat

SINGAPORE (Sept 16): The clock is ticking for Singapore’s property developers, who are facing the double threat of ABSD deadlines and looming supply.

Retail malls tap on Pokemon Go to cash ‘em all

SINGAPORE (Aug 10): Pokemon Go fever has hit Singapore. And retail malls here are racing to cash ‘em all – before the fad disappears in a puff of smoke like a Pokemon running away.

Broker's Calls

Singapore home prices likely to grind lower in second half

SINGAPORE (July 5): OCBC Investment Research is keeping its “neutral” rating on Singapore’s residential property sector amid “one of the longest property bear in recent history”.
Grant Kelley, City Developments Limited


Grant Kelley on CityDev going global

You need to have the right entry price on the land to get the right price point in the sale to get your fat margin. And, historically, CDL had such a tremendous legacy land-bank that we had a straightforward proposition in that we could deliver products r

Broker's Calls

City Developments kept at ‘buy’ by Daiwa with possible third PPS ahead

SINGAPORE (May 30): Daiwa Capital Markets has kept its ”buy” recommendation of City Developments Limited with an unchanged target price of $11.17 on the back of the possibility of its third Profit Participating Securities (PPS).
CDL logo

Broker's Calls

City Developments kept at ‘buy’ by DBS, Maybank; CIMB says 'add'

SINGAPORE (May 12): DBS Vickers and Maybank Kim Eng are maintaining their “buy” rating on City Developments (CDL) while CIMB Research is recommending investors “add” the shares of the developer to their portfolio.