Sherman Kwek

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.

'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

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20 - THE EDGE SINGAPORE

Results

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20

City Developments Limited (CDL) has recorded a loss of $1.917 billion for the FY2020 ended December from earnings of $564.6 million a year ago.

City Developments Limited ranked most sustainable company in real estate and in Singapore by Global 100 - THE EDGE SINGAPORE

Sustainability

City Developments Limited ranked most sustainable company in real estate and in Singapore by Global 100

City Developments Limited (CDL) has been named the most sustainable company in real estate and in Singapore by Global 100.

Property

CDL's Sherman Kwek seeks to salvage Sincere Property deal

Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the centre of an ambitious expansion into China.

Results

City Developments reports 34% decline in 3Q earnings to $115 mil on impairment losses, lower revenue

SINGAPORE (Nov 12): City Developments Limited (CDL) reported earnings of $115.0 million for 3Q19 ended September, some 33.7% lower than $173.3 million posted last year.

CityDev makes share buybacks at $9.485

SINGAPORE (Aug 16): Property giant City Developments Limited (CDL) has bought shares from the open market for the first time.

Commentary

Singapore home prices won't pop without migrants

(Aug 14): If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million sf worth of reasons.

Results

CityDev CEO Grant Kelley resigns; developer posts 18% drop in 2Q17 earnings to $110 mil

SINGAPORE (Aug 11): City Developments has announced a 17.9% drop in 2Q17 earnings to $109.9 million from $133.8 million in 2Q16.

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