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CityDev
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CityDev
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Observers
Elite |
06-Jul-2018 16:11
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Stock price rise, SGX issue query. Property price rise, MAS issue curb. Well, at least they are consistent. You just have to be a serial shortist to profit from it. | ||||
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Sgvale
Supreme |
06-Jul-2018 16:10
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So many. Tio Tiao leow......
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kerier
Veteran |
06-Jul-2018 15:53
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It still has some expensive sites in Punggol EC, West Coast and Hillview that have yet to be launched. 
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Sgvale
Supreme |
06-Jul-2018 15:51
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CityDev Still can sell its South beach at its dream price? | ||||
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trader25yr
Master |
06-Jul-2018 13:57
Yells: "I hate con man" |
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Sg government does not want any more property tycoon ... they also do not want people getting rich being property agents such people profit from a limited yet needy resource, yet contribute little to economy competitiveness suggest all aspiring property tycoon and agents come trade stock instead ... |
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Francisgohyc
Master |
06-Jul-2018 13:21
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Oversold, later may pick up 2 lot by 3: 30pm, HSI and Shaghai don' t drop much | ||||
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Doffy85
Senior |
06-Jul-2018 09:33
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Scary to catch... their south beach residence launching 13th july sure affected | ||||
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Boatman
Master |
06-Jul-2018 09:26
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super oversold... Singapore developer over the year do not have much property launch and their focus not only on residential.  commercial, malls...   |
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newbieliu
Elite |
06-Jul-2018 09:25
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Any other news on it besides the cooling measure ?
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bishan22
Supreme |
06-Jul-2018 09:05
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Q must be fuming mad........ | ||||
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Starship
Supreme |
06-Jun-2018 19:37
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CityDev kept at ' buy' by Deutsche with upcycle still in early stage 06/06/18, 03:52 pm SINGAPORE (June 6): Deutsche Bank is keeping City Developments on &ldquo buy&rdquo as indicators for occupancy and rental turn positive and outlook for commercial properties continues to improve. Over the last three months, shares of CityDev have underperformed the Straits Times Index on concerns of the sustainability of the residential cycle, the possibility of policy reactions to an overheated market and a rising interest rate environment. In a Wednesday report, analyst Joy Wang however believes the upswing in Singapore&rsquo s real estate sector is still in its early cycle. While the en-bloc market has boosted the sentiment and accelerated some of the price recovery over the last six months, Deutsche believes the continuous improvement in occupancy and the potential turnaround in rental market over the next 6-12 months would sustain this residential cycle. &ldquo We expect occupancy to surpass previous peak to 96% by 2020 as a result of the tight supply and believe that the current supply pipeline could be well absorbed. We also believe that Singapore housing remains affordable with price to income ratio under 8x and mortgage service ratio under 30%,&rdquo says Wang. In addition, with commercial properties representing over a third of its RNAV, Deutsche says the group should benefit from a strong domestic commercial property market. At $11.61, the stock is currently trading at about 30% discount to Deutsche&rsquo s FY18E RNAV and 1x P/B versus long-term average of 12% RNAV discount and 1.8x P/B. With the sector still in its early upcycle, the research house sees this an attractive entry level and reiterate its &ldquo buy&rdquo rating with target price of $16.00 based on an average of its forward earnings-based SOTP and RNAV estimates. https://www.theedgesingapore.com/citydev-kept-buy-deutsche-upcycle-still-early-stage |
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bigbang10
Veteran |
01-Jun-2018 19:21
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Agree bro. All my big n mid cap property stks super underperformin lo. All kena whacked
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iDontKnow
Member |
01-Jun-2018 18:51
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Btw CDL derives more than 50% of its revenue from overseas instead of local property market. | ||||
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Starship
Supreme |
01-Jun-2018 16:58
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Very weird gong ons.  All the news have been painting a property boom in SG on a daily basis. Even the APAC Realty IPO is a huge success. Such that PropNex Realty is now gearing for IPO end of this month. But why are have the property counters been dropping for 2 months already? |
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Starship
Supreme |
17-May-2018 16:53
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Analysts are full of shits.  They can' t even predict tomorrow' s prices, how can they even begin to speculate 2030' s prices. Moreover, markets are manipulated daily through trading by BBs, funds, robos, AIs, etc, not to mention no one knows what bad news will come out tomorrow even if Trump keeps his mouth shut. So even real investors don' t bother to look long term anymore.  Who' s willing to buy City Dev today to keep till 2030?  It' s more likely to crash from a big economic event before that. 
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denigun
Member |
17-May-2018 16:39
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Interesting that the equity analysts across the board believe it' s about 20% undervalued. I entered at 12.4 and now starting to get concerned :(
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sbscap
Master |
17-May-2018 15:19
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Singapore physical residential property prices and sales activities are good but shares of property companies, both large and small caps, have been dropping. Only one of them, the equity investors or physical property investors, can be right. Few equity investors believe the DBS analyst prediction of $3,000 psf by 2030. Luckily I sensed the bearishness and cut my City Dev with a tiny loss at 12.85. Doesn' t look like the carnage is gonna end soon. Scary thing is that there is no news, other than the fear of rate hikes. Perhaps the effect of rate hikes is underestimated. | ||||
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SasoriTT
Member |
17-May-2018 15:10
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worth the buy? already broke the 3 month low. Even capitaland is dropping. Big player doing? | ||||
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denigun
Member |
16-May-2018 10:10
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Any reasons for the price drop over the last 2 days? | ||||
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Starship
Supreme |
15-May-2018 19:34
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CDL' s New Futura sells 70% of Phase 2 units released since Friday at average of S$3,500 psf TUE, MAY 15, 2018 - 7:04 PM IN a matter of days, City Developments Limited (CDL) has seen 70 per cent or 21 of the 30 units that it released over the weekend for New Futura' s second phase snapped up at an average selling price of S$3,500 per square foot (psf). A majority of the units were bought by permanent residents and foreigners, and they were the larger apartments of up to S$10 million each, said CDL, which started previews on May 11. These were in the 60-unit North Tower. CDL has also seen what it called " robust demand" for its 64-unit South Tower which was soft-launched in January under Phase 1. Both towers are 36 storeys tall. To date, 62 apartments or 97 per cent have been sold with an average selling price of over S$3,350 psf for Phase 1. This included the 7,836 sq ft penthouse which sold for S$36.28 million or S$4,630 psf. Of the buyers, 72% were foreigners and permanent residents, mainly from Asia including China, Indonesia, Malaysia and South Korea. " The Singapore residential market has continued to show promising signs of recovery. Propelled by pent-up demand, sales volumes are strengthening and property prices are trending up especially for high-end projects with strong value proposition," Chia Ngiang Hong, CDL' s group general manager, said in a statement. " Foreigners are also returning to invest in Singapore' s high-end property market given the city' s attractiveness, economic stability, price recovery and value." https://www.businesstimes.com.sg/real-estate/cdls-new-futura-sells-70-of-phase-2-units-released-since-friday-at-average-of-s3500-psf |
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