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CDL POSTS STRONG REVENUE GROWTH OF 35% TO S$1.1 BILLION AND PROFIT OF S$80 MILLION FOR Q1 2018
&ndash STELLAR PERFORMANCE BY SINGAPORE PROPERTY DEVELOPMENT
&bull Robust demand for newly launched projects&ndash New Futura and The Tapestry
&bull 459 units sold with sales value up 66% year-on-year totalling S$792.6 million
&bull Secured three prime residential sites for S$1.2 billion increasing pipeline to over 3,000 units
&bull Four upcoming residential launches in Singapore
&bull Poised for upturn in Singapore&rsquo s commercial rental market
For Q1 2018, City Developments Limited (CDL) achieved a strong revenue growth of 35% to S$1.1 billion (Restated Q1 2017: S$783.7 million). The increase was propelled by the completion of The Criterion Executive Condominium (EC) in Q1 2018. Under prevailing accounting standards, revenue and profits are recognised in entirety upon obtaining Temporary Occupation Permit (TOP) for an EC project. The Group also benefited from the maiden contribution of New Futura as well as continued contributions from Coco Palms and Suzhou Hong Leong City Center.
Four upcoming residential launches in Singapore
&bull In view of the improving market conditions, the Group is launching Phase 2 of New Futura &ndash the 60-unit North Tower. Its JV project, the 190-unit South Beach Residences on Beach Road, is expected to be soft launched in Q3 2018. The Group is also planning for its West Coast Vale site to be launch ready in Q4 2018. Concurrently, it is actively working on the Amber Park enbloc site, which has received its Provisional Permission, and plans to launch the project in 1H 2019.
Poised for upturn in Singapore&rsquo s commercial rental market
Distrii, one of the Group&rsquo s strategic investments into disruptors, will also soft-open its first international co-working centre at Republic Plaza in May. Spanning 62,000 square feet (sq ft), the centre is the single largest co-working facility in Singapore and it is expected to be fully operational by Q3 2018.
http://infopub.sgx.com/FileOpen/News%20Release_CDLQ12018%20Financial%20Results.ashx?App=Announcement& FileID=505278
&ndash STELLAR PERFORMANCE BY SINGAPORE PROPERTY DEVELOPMENT
&bull Robust demand for newly launched projects&ndash New Futura and The Tapestry
&bull 459 units sold with sales value up 66% year-on-year totalling S$792.6 million
&bull Secured three prime residential sites for S$1.2 billion increasing pipeline to over 3,000 units
&bull Four upcoming residential launches in Singapore
&bull Poised for upturn in Singapore&rsquo s commercial rental market
For Q1 2018, City Developments Limited (CDL) achieved a strong revenue growth of 35% to S$1.1 billion (Restated Q1 2017: S$783.7 million). The increase was propelled by the completion of The Criterion Executive Condominium (EC) in Q1 2018. Under prevailing accounting standards, revenue and profits are recognised in entirety upon obtaining Temporary Occupation Permit (TOP) for an EC project. The Group also benefited from the maiden contribution of New Futura as well as continued contributions from Coco Palms and Suzhou Hong Leong City Center.
Four upcoming residential launches in Singapore
&bull In view of the improving market conditions, the Group is launching Phase 2 of New Futura &ndash the 60-unit North Tower. Its JV project, the 190-unit South Beach Residences on Beach Road, is expected to be soft launched in Q3 2018. The Group is also planning for its West Coast Vale site to be launch ready in Q4 2018. Concurrently, it is actively working on the Amber Park enbloc site, which has received its Provisional Permission, and plans to launch the project in 1H 2019.
Poised for upturn in Singapore&rsquo s commercial rental market
Distrii, one of the Group&rsquo s strategic investments into disruptors, will also soft-open its first international co-working centre at Republic Plaza in May. Spanning 62,000 square feet (sq ft), the centre is the single largest co-working facility in Singapore and it is expected to be fully operational by Q3 2018.
http://infopub.sgx.com/FileOpen/News%20Release_CDLQ12018%20Financial%20Results.ashx?App=Announcement& FileID=505278
Singapore Govt to seize the opportunity to tap HK talents and funds. Sin Govt needz to be versatile a bit more.
Attract FT yes. Attract quality types. Target HK bizmen , property home buyers , HK talents.
Attract FT yes. Attract quality types. Target HK bizmen , property home buyers , HK talents.
Starship ( Date: 26-Mar-2018 10:48) Posted:
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HK apartments have often been called " Coffin Homes" and " Coffin Cubicles" in the news.
huathuat88888 ( Date: 26-Mar-2018 10:50) Posted:
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Our property prices compared to HK is like "cheap" .
HK US$1 mil buy a 20 sqm in centralized location.
Like staying inside a 20' shipping container.
HK US$1 mil buy a 20 sqm in centralized location.
Like staying inside a 20' shipping container.
Starship ( Date: 26-Mar-2018 10:48) Posted:
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Booming property market.........................
315 units of CDL' s new project The Tapestry sold at launch
SUN, MAR 25, 2018 - 6:22 PM
A TOTAL of 315 units, or 70 per cent, of the 450 units released of The Tapestry have been snapped up this weekend.
The average price per square foot is S$1,310.
On Sunday, developer City Developments Limited (CDL) said all unit types had a " good take-up rate" , particularly the one-bedder and two-bedroom units.
The Tapestry, which has 861 units, is a 99-year leasehold property comprising seven 15-storey blocks, with unit sizes ranging from 441 sq ft for a one-bedroom unit to 1,765 sq ft for the largest five-bedroom, dual-key apartments with a study.
http://www.businesstimes.com.sg/real-estate/315-units-of-cdls-new-project-the-tapestry-sold-at-launch
315 units of CDL' s new project The Tapestry sold at launch
SUN, MAR 25, 2018 - 6:22 PM
A TOTAL of 315 units, or 70 per cent, of the 450 units released of The Tapestry have been snapped up this weekend.
The average price per square foot is S$1,310.
On Sunday, developer City Developments Limited (CDL) said all unit types had a " good take-up rate" , particularly the one-bedder and two-bedroom units.
The Tapestry, which has 861 units, is a 99-year leasehold property comprising seven 15-storey blocks, with unit sizes ranging from 441 sq ft for a one-bedroom unit to 1,765 sq ft for the largest five-bedroom, dual-key apartments with a study.
http://www.businesstimes.com.sg/real-estate/315-units-of-cdls-new-project-the-tapestry-sold-at-launch
CityDev is the real true-blue blue chip. The only big property counter that' s Green today.
short 12.78
looks to cover gap at 12.38
looks to cover gap at 12.38
To the moon......
[LONDON] Millennium & Copthorne Hotels has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds (S$3.63 billion) after an earlier bid was heavily criticised by minority investors.
City Developments Limited (CDL), a vehicle of Singaporean billionaire Kwek Leng Beng, who is also chairman of M& C, has offered 620 pence per share in cash to acquire the 34.8 per cent of the FTSE 250 hotelier that it does not already own, the companies said in a statement on Friday.
The offer, which was declared final, has been recommended by M& C' s independent directors. It was announced 75 minutes before a Takeover Panel deadline for CDL to make a firm offer or walk away.
http://www.businesstimes.com.sg/real-estate/mc-hotels-agrees-to-sweetened-bid-from-cdl-valuing-it-at-%C2%A32b
M& C Hotels agrees to sweetened bid from CDL valuing it at £ 2b
SAT, DEC 09, 2017 - 10:09 AM[LONDON] Millennium & Copthorne Hotels has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds (S$3.63 billion) after an earlier bid was heavily criticised by minority investors.
City Developments Limited (CDL), a vehicle of Singaporean billionaire Kwek Leng Beng, who is also chairman of M& C, has offered 620 pence per share in cash to acquire the 34.8 per cent of the FTSE 250 hotelier that it does not already own, the companies said in a statement on Friday.
The offer, which was declared final, has been recommended by M& C' s independent directors. It was announced 75 minutes before a Takeover Panel deadline for CDL to make a firm offer or walk away.
http://www.businesstimes.com.sg/real-estate/mc-hotels-agrees-to-sweetened-bid-from-cdl-valuing-it-at-%C2%A32b
Wohoo everyday down shiok
closed now, 12.84
happy weekend to all :)
happy weekend to all :)
Lucky1316 ( Date: 23-Oct-2017 15:18) Posted:
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Got a TP?
blurtrader ( Date: 23-Oct-2017 12:17) Posted:
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closed now, 12.59
open buy at 12.59
open buy at 12.59
blurtrader ( Date: 20-Oct-2017 10:47) Posted:
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When can load some more to catch ride up when M&C offer is confirmed on 6 Nov?
13.24, short
Haha u can hold for long long time as u wish 😀 😀 😀
roller coaster starting soon.
roller coaster starting soon.
lynn89 ( Date: 09-Oct-2017 18:53) Posted:
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OCBC research sets TP at $12.90
This one is a true gem, buy-and-hold
Wow, City Dev is on a massive shopping spree this month:
---- Singapore' s City Development offers to buy M& C for $2.35 billion
(Reuters) - Singapore&rsquo s City Developments has offered to buy the remaining shares of Millennium & Copthorne Hotels it did not own in a deal that values the UK-listed hotels group at about 1.8 billion pounds ($2.35 billion).
Under the offer, M& C shareholders would receive 552.5 pence in cash for each share, a premium of about 21.4 percent to M& C&rsquo s closing share price on Friday.
---- CDL, Hong Leong unit bag Amber Park with ' aggressive' S$906m bid
Singapore. AMBER PARK, a 200-unit development at Katong, has been sold via a collective sale to a joint venture between a City Developments (CDL) subsidiary and Hong Realty, the private real estate arm of Hong Leong Group.
The S$906.7 million price tag makes it Singapore' s largest freehold collective sale by dollar value to-date, knocking Leedon Heights off the spot. The latter had fetched S$835 million from developer GuocoLand in 2007. The Amber Park deal also marks the 15th successful collective sale this year - including industrial and mixed-used developments - amid a revived property market.
---- Singapore' s City Development offers to buy M& C for $2.35 billion
(Reuters) - Singapore&rsquo s City Developments has offered to buy the remaining shares of Millennium & Copthorne Hotels it did not own in a deal that values the UK-listed hotels group at about 1.8 billion pounds ($2.35 billion).
Under the offer, M& C shareholders would receive 552.5 pence in cash for each share, a premium of about 21.4 percent to M& C&rsquo s closing share price on Friday.
---- CDL, Hong Leong unit bag Amber Park with ' aggressive' S$906m bid
Singapore. AMBER PARK, a 200-unit development at Katong, has been sold via a collective sale to a joint venture between a City Developments (CDL) subsidiary and Hong Realty, the private real estate arm of Hong Leong Group.
The S$906.7 million price tag makes it Singapore' s largest freehold collective sale by dollar value to-date, knocking Leedon Heights off the spot. The latter had fetched S$835 million from developer GuocoLand in 2007. The Amber Park deal also marks the 15th successful collective sale this year - including industrial and mixed-used developments - amid a revived property market.
Yes, oscillating between 10.60 ~ 10.90.
Lunch money is there
Lunch money is there
i have been doing short term trades between 10.6 -10.8.. very rewarding. every 10 lots yield 1-2k each time