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CityDev Last:8.39

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CityDev

Target price of $10

CDL HAS SOLD MORE THAN S$3 BILLION IN INVESTMENT PROPERTIES TO DATE AND SOLD MORE THAN S$2 BILLION IN RESIDENTIAL PROPERTIES AS OF 1H25

NET INCOME TO COME IN AT MORE THAN 700MILLION(Excluding FX translation) WHICH IS 300% MORE THAN LAST YEAR

pasttime ( Date: 03-Sep-2025 13:40) Posted:

i also do not think cdl htrust will be privatised. part of reason is kwek looks like bo lui.
big owner bo lui that is why their shares got sold down. if not they will tell their kaki to push it up.
but not agree that cdl htrust propert are run down. many of them has refurbish like corpthorn king . although lease balance is going down. surely sla will be happy when more money pay up to renew leased. other potential is convert to condo development, that is when there is a much higher potential.
most important is the younger boss must tell to stop buying and start selling. and monestised to recycle old money to new projects.
got cash then can have more cash. bo lui people ignore you.

long term look at havelock road. so many hotels along this road. when more commercial development along havelock road. this potentially can become the next orchard road type of attractions. city development has quite a few property along havelock road.

Yes I think conversion to residential is the game.

i also do not think cdl htrust will be privatised. part of reason is kwek looks like bo lui.
big owner bo lui that is why their shares got sold down. if not they will tell their kaki to push it up.
but not agree that cdl htrust propert are run down. many of them has refurbish like corpthorn king . although lease balance is going down. surely sla will be happy when more money pay up to renew leased. other potential is convert to condo development, that is when there is a much higher potential.
most important is the younger boss must tell to stop buying and start selling. and monestised to recycle old money to new projects.
got cash then can have more cash. bo lui people ignore you.

long term look at havelock road. so many hotels along this road. when more commercial development along havelock road. this potentially can become the next orchard road type of attractions. city development has quite a few property along havelock road.

CDL H Trust will NOT Be privatised. Only certain assets of the trust has strategic value. The rest are on decaying lease with low redevelopment potential

Alignment ( Date: 03-Sep-2025 10:14) Posted:

They have said what they will do with the proceeds and the main focus is paying down debt and buying new investments. Perhaps they will privatise some of their subsidaries like CDL HTrust. Don' t think a large special dividend is coming.

CDL RNAV IS $19.77. EXTREMELY UNDERVALUED WITH POTENTIAL CORPORATE ACTION COMING!

That will be super nice :)

valuehunter96 ( Date: 02-Sep-2025 18:46) Posted:

SPECIAL DIVIDENDS COMING FOR EVERYONE

Joelton ( Date: 02-Sep-2025 18:04) Posted:

City Developments completes sale of stake in South Beach to IOI Properties for RM2.75 bil

City Developments Limited (CDL)&rsquo s wholly-owned subsidiary Ascent View Holdings has completed the disposal of its stake in Scottsdale Properties, the holding company of South Beach Consortium.

Ascent View Holdings sold its 50.1% stake to IOI Properties Group, which already owned 49.9% of Scottsdale, for RM2.75 billion. This sale gives the Malaysian developer full ownership over the South Beach mixed-used development, which includes South Beach Tower, South Beach Avenue, and the JW Marriott Hotel Singapore South Beach.

IOI has paid $835.29 million in cash, inclusive of the deposit of $41.25 million previously paid, to CDL.

CDL | Dividend Policy & History

LIKE THAT BIG ENOUGH FOR YOU?

Alexch ( Date: 02-Sep-2025 20:42) Posted:

why is so small font? small dividends?

valuehunter96 ( Date: 02-Sep-2025 18:46) Posted:

SPECIAL DIVIDENDS COMING FOR EVERYON