City Developments Draws Strategy for SG$5 Billion Investments; Shares Slide 5%

MT Newswires09-28 11:58

City Developments (SGX:C09) disclosed the outcome of its strategic review, unveiling a three-year strategy, GET+, from 2027 to 2029, according to a Monday statement.

The property developer's strategy, which is focused on growth, enhancement and transformation, will focus on investments worth SG$5 billion, while raising SG$6 billion through divestments.

The company will focus across residential, commercial, hospitality and living sectors.

Out of the SG$5 billion investment, 60% will be allocated to Singapore, 30% to China and Japan and 10% to other markets.

The company also plans to establish a fund management entity to grow assets under management to SG$10 billion by 2029.

Shares of the property developer fell over 5% in Monday trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2670226283?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-28 11:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2670226283","market":"sg","top_or_hot":-1,"title":"City Developments Draws Strategy for SG$5 Billion Investments; Shares Slide 5%","media":"MT Newswires","content":"<html><body><p> <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> (SGX:C09) disclosed the outcome of its strategic review, unveiling a three-year strategy, GET+, from 2027 to 2029, according to a Monday statement.</p><p>The property developer's strategy, which is focused on growth, enhancement and transformation, will focus on investments worth SG$5 billion, while raising SG$6 billion through divestments.</p><p>The company will focus across residential, commercial, hospitality and living sectors.</p><p>Out of the SG$5 billion investment, 60% will be allocated to Singapore, 30% to China and Japan and 10% to other markets.</p><p>The company also plans to establish a fund management entity to grow assets under management to SG$10 billion by 2029.</p><p>Shares of the property developer fell over 5% in Monday trading.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>City Developments Draws Strategy for SG$5 Billion Investments; Shares Slide 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity Developments Draws Strategy for SG$5 Billion Investments; Shares Slide 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-09-28 11:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> (SGX:C09) disclosed the outcome of its strategic review, unveiling a three-year strategy, GET+, from 2027 to 2029, according to a Monday statement.</p><p>The property developer's strategy, which is focused on growth, enhancement and transformation, will focus on investments worth SG$5 billion, while raising SG$6 billion through divestments.</p><p>The company will focus across residential, commercial, hospitality and living sectors.</p><p>Out of the SG$5 billion investment, 60% will be allocated to Singapore, 30% to China and Japan and 10% to other markets.</p><p>The company also plans to establish a fund management entity to grow assets under management to SG$10 billion by 2029.</p><p>Shares of the property developer fell over 5% in Monday trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2670226283","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2670226283","pubTimestamp":1790567906,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"City Developments  disclosed the outcome of its strategic review, unveiling a three-year strategy, GET+, from 2027 to 2029, according to a Monday statement.The property developer's strategy, which is focused on growth, enhancement and transformation, will focus on investments worth SG$5 billion, while raising SG$6 billion through divestments.The company will focus across residential, commercial, hospitality and living sectors.Out of the SG$5 billion investment, 60% will be allocated to Singapore, 30% to China and Japan and 10% to other markets.The company also plans to establish a fund management entity to grow assets under management to SG$10 billion by 2029.Shares of the property developer fell over 5% in Monday trading.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6512":"房地产股","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6098":"多样化房地产活动","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","C09.SI":"城市发展","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD"},"translate_title":"城市发展公司制定50亿新元投资战略；股价下跌 5%","themeId":"b010cf239ffd4765bcd3edd8f767f746","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":0.9},"content_text":"City Developments (SGX:C09) disclosed the outcome of its strategic review, unveiling a three-year strategy, GET+, from 2027 to 2029, according to a Monday statement.The property developer's strategy, which is focused on growth, enhancement and transformation, will focus on investments worth SG$5 billion, while raising SG$6 billion through divestments.The company will focus across residential, commercial, hospitality and living sectors.Out of the SG$5 billion investment, 60% will be allocated to Singapore, 30% to China and Japan and 10% to other markets.The company also plans to establish a fund management entity to grow assets under management to SG$10 billion by 2029.Shares of the property developer fell over 5% in Monday trading.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2670226283","isCrawlerRequest":true}