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An update from City Developments ( (SG:C09) ) is now available.
City Developments Limited (CDL) has agreed to sell its prime waterfront retail asset, Quayside Isle @ Sentosa Cove, for S$97.3 million, marking its eighth asset divestment this year. This transaction, expected to complete in Q1 2026, reflects a significant 47% premium over the asset’s book value and underscores CDL’s focus on capital recycling and portfolio optimization. The sale, following a competitive bidding process, highlights strong investor interest and validates the asset’s market value, potentially enhancing CDL’s industry positioning and financial flexibility.
The most recent analyst rating on (SG:C09) stock is a Buy with a S$9.00 price target. To see the full list of analyst forecasts on City Developments stock, see the SG:C09 Stock Forecast page.
More about City Developments
City Developments Limited (CDL) operates in the real estate industry, focusing on developing and managing residential, commercial, and hospitality properties. The company is known for its strategic investments and developments in luxury residential enclaves and commercial complexes, with a strong market presence in Singapore.
Average Trading Volume: 2,390,287
Technical Sentiment Signal: Buy
Current Market Cap: S$6.66B
For an in-depth examination of C09 stock, go to TipRanks’ Overview page.