CDL PROPERTIES SALES DOUBLED Y.O.Y

City Developments Limited (CDL) sold 321 units with a total sales value of $611.1 million In 3QFY2024 ended Sept 30, nearly double the 183 units sold with a total sales value of $325.0 million in the same quarter last year

Republic Plaza, the Group’s flagship Grade A office building, achieved a committed occupancy of 98.3%, higher than the previous quarter of 97.0%. City House and King’s Centre office assets had committed occupancies of 98.6% and 100%, respectively. According to CDL, all three office assets achieved “healthy” rental reversion without providing further details

The group’s Singapore retail portfolio registered a committed occupancy of 98.5% as at Sept 30, surpassing the islandwide retail occupancy of 93.5%.

RNAV : $19.40+

P/E :  14.2

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