Right approach for selling high-end condo project
65 out of 204 units sold in a week
https://www.asiaone.com/money/buyers-snap-65-units-condo-sentosa-cove-after-40-price-slash
But I doubt they can sell 1/3 of the industrial properties in a week.
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Mai Gong Mo Jio...Yahoo Finance say CDL has very good potential as it is very undervalue...dun miss the boat
- Thread starter k1976
- Start date
65 out of 204 units sold in a week
https://www.asiaone.com/money/buyers-snap-65-units-condo-sentosa-cove-after-40-price-slash
But I doubt they can sell 1/3 of the industrial properties in a week.
Now not the right time to buy industry building as costing as top factor and industry landscape is changing rapidly, any big investment in wrong tech or older tech will be a Big Big mistake
20yrs ago, my amdk company made a mistake to invest few quarters too early...they miss out the cost advantage for next decade to break even. It is similar story for another big local company here woodland
cost-of-funds are very high now, some companies take profit from freehold industrial properties and switch to smaller leasehold or move operations to Malaysia.
But I think commercial properties more headache. Many retrenchment going around not reported.
Prudential Financial's PGIM Struggles to Sell Singapore Towers
https://www.bloomberg.com/news/arti...ial-s-pgim-struggles-to-sell-singapore-towers
It is ..
Shein , tik tok have their company registered in Singapore.
But they refuse to even list in Singapore.
So you know what's wrong with Singkie stock market.
Why do you need office when everyone is trying to work from home ?
Powell Signals Rate-Cut Delay After Run of Inflation Surprises
- Fed chair said appropriate to give policy further time to work
- Central bank can keep rates steady for ‘as long as needed’
Powell Says Fed Policy Will Likely Need More Time to Work
Unmute
Powell Says Fed Policy Will Likely Need More Time to Work
By Craig Torres
April 17, 2024 at 1:38 AM GMT+8
Updated on
April 17, 2024 at 2:58 AM GMT+8
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
Powell pointed to the lack of additional progress made on inflation after the rapid decline seen at the end of last year, noting it will likely take more time for officials to gain the necessary confidence that price growth is headed toward the Fed’s 2% goal before lower borrowing costs.
https://www.bloomberg.com/tips/
U must understand the secret art of Huat Big Big de
https://www.imf.org/en/Blogs/Articl...ries-feel-same-pinch-of-higher-interest-rates
IMF Blog for your reading pleasure when u go pang sai or nothing to do
IMF Blog for your reading pleasure when u go pang sai or nothing to do
not just industrial and residential properties, CDL is also offloading freehold commercial-office/shopping property.
Delfi Orchard, a 40-year-old strata-titled building that is majority held by City Developments Ltd (CDL), is up for collective sale at a $438 million guide price.
The 11-storey complex comprises 150 strata-titled units (127 shops and 23 apartments), of which 126 are owned by CDL. Situated at 402 Orchard Road, Delfi Orchard sits on a 20,264 square feet (sq ft) freehold site zoned for commercial use, with height control of up to 20 storeys.
https://www.straitstimes.com/busine...or-collective-sale-at-438-million-guide-price
It is very good to recycle capital but the way they do it looks desperate.
proceeds from this sales will be great as extraordinary dividends, not bullets for Sherman to prove himself in new ventures.
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It sounded very desperate. CDL may pose a big profit after selling all these properties or assets
They should be sitting on a very hefty gains for all these properties they hold on for years.
Yahoo is not very careful or maybe very deliberate when doing their reporting with the headlines.
Bukit Sembawang should have huge land parcels that are not fully-valued too.
No lah, they are moving faster to encash good asset at optimized market conditions
Poor sherman can only do what he is good at - making money from his own investors.
Again, City Development is offering the same low-ball price for their preference share as Nov 2023.
https://links.sgx.com/1.0.0/corpora..._Preference_Shareholders_dated_8_May_2024.pdf
Again, City Development is offering the same low-ball price for their preference share as Nov 2023.
https://links.sgx.com/1.0.0/corpora..._Preference_Shareholders_dated_8_May_2024.pdf
Blackrock no longer a substantial shareholder of CDL
https://sbr.com.sg/financial-services/news/blackrock-reduces-stake-in-cld
BlackRock sold its shares for $5.64 apiece or $1.56m. Post sale, BlackRock's stake in City Development has dropped to 44.44 million shares (4.97%) from 44.72 million shares (5%)
https://sbr.com.sg/financial-services/news/blackrock-reduces-stake-in-cld
BlackRock sold its shares for $5.64 apiece or $1.56m. Post sale, BlackRock's stake in City Development has dropped to 44.44 million shares (4.97%) from 44.72 million shares (5%)
Jews run road liao???
They are ahead of the curve. In recent years, CDL's greating success was with making money from their investors.
Even the family members are revolting.