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An update from City Developments ( (SG:C09) ) is now available.
City Developments Limited has sold its multifamily residential asset, 1250 Lakeside in Sunnyvale, California, for US$143.5 million to a US-based institutional investor. This divestment is part of CDL’s strategy for disciplined capital management and proactive capital recycling, reflecting its focus on optimizing its portfolio and strengthening its financial position.
The most recent analyst rating on (SG:C09) stock is a Hold with a S$8.00 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) is a global real estate company involved in property development and management, with a focus on residential, commercial, and hospitality sectors.
Average Trading Volume: 2,031,853
Technical Sentiment Signal: Buy
Current Market Cap: S$6.63B
Find detailed analytics on C09 stock on TipRanks’ Stock Analysis page.