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The latest announcement is out from City Developments ( (SG:C09) ).
CDL Investments New Zealand Limited expressed disappointment over the Hastings District Council’s decision to exclude its Middle Road land from the Future Development Strategy, despite recommendations from council officers and an independent panel. The decision raises concerns about meeting future growth needs and delays potential housing solutions for the Hawke’s Bay community. CDI is considering legal and planning advice for next steps, emphasizing the importance of strategic growth and infrastructure development.
The most recent analyst rating on (SG:C09) stock is a Hold with a S$4.60 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
CDL Investments New Zealand Limited (NZX: CDI) is a prominent player in the real estate industry, specializing in acquiring and developing residential sections across New Zealand. With over two decades of experience, CDI has completed numerous subdivision projects in major cities such as Auckland, Hamilton, and Christchurch. The company has also ventured into commercial property projects, including industrial warehouses and neighborhood centers. CDI is a majority-owned subsidiary of Millennium & Copthorne Hotels New Zealand Limited.
Average Trading Volume: 2,173,866
Technical Sentiment Signal: Buy
Current Market Cap: S$5.79B
See more data about C09 stock on TipRanks’ Stock Analysis page.