City Developments


Millennium & Copthorne's 1Q earnings double to $47 mil on higher associate contributions

SINGAPORE (May 4): Millennium & Copthorne Hotels (M&C Hotels) reported a doubling of 1Q18 earnings to £26 million ($47 million) from £13 million a year ago, due to higher profit contributio


'Long winter' seen ending for Singapore home prices: Survey

SINGAPORE (Jan 23): The worst may be over for Singapore’s property slump.


New project launches to benefit developer stocks as cyclical upturn continues

SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector while flagging UOL and City Developments (CDL) as the best large-cap proxies

Broker's Calls

Stick with these quality companies for upside in 2018, says OCBC

SINGAPORE (Dec 14): OCBC Investment Research says upside remains even as 2018 is unlikely to see a repeat of the “stellar gains” this year.


City Developments hits minority resistance in offer for hotel arm

(Oct 30): It was clear almost as soon as City Developments unveiled plans to take Millennium & Copthorne Hotels private that it would face resistance.

Broker's Calls

How to play a dual-track Singapore stock market

SINGAPORE (Oct 3): Daiwa sees two tracks developing on the Singapore stock market.

In print this week

Are you ready for the next property boom?

SINGAPORE (Sept 29): It seems like only yesterday that property developers were complaining about punitive property cooling measures and struggling to get unsold units off their books.


All eyes on Normanton Park collective sale as en bloc market heats up

SINGAPORE (Aug 23): The collective sale of privatised housing estate Normanton Park with a reserve price of $800 million will be closely watched, says CIMB Research.


$970 mil bid for Tampines Court a ‘quantum leap of faith’ from Sim Lian

SINGAPORE (Aug 16): DBS Group Research is remaining cautious on news of property developer Sim Liam Group’s potential purchase of Tampines Court, which would represent the condominium property home


Property sector kept at ‘overweight’ by CIMB on robust July home sales

SINGAPORE (Aug 16): CIMB is maintaining its “overweight” call on property development and investment stocks given robust home sales in July which doubled from June as volume takeup continued to out

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