City Developments Ltd (SGX:C09)

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Market Info - C09

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Company Info - C09

  • Market CapSGD6.421bn
  • SymbolSGX:C09
  • IndustryReal Estate
  • Sector-
  • Currency
  • ISINSG1R89002252

Company Profile

City Developments, or CDL, is a listed property group of parent company Hong Leong Group. CDL's main businesses in property development and hotel operations makes up the majority of the group's operating profit. A portfolio of investment properties also provides recurring rental income and increasing income from investment properties is a key strategy for the group in the medium term. CDL's key geography is in Singapore with almost half of the group's total assets derived there. Its expansion into offshore markets is focused on the United Kingdom, China and Japan. CDL privatized its hotel operations, Millennium and Copthorne in 2019.City Developments Ltd is a Singapore-based international real estate operating company. The company primarily deals in property development, hotel operations and rental operations.

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