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Sherman Kwek CDL

Singapore’s CDL Warns of Loss After China Developer Investment Swells to $1.4B

2021/01/22 by Christopher Caillavet Leave a Comment

Singapore-based City Developments Ltd on Thursday issued a fresh warning that it is likely to report a loss stemming from the firm’s contentious investment in mainland Chinese developer Sincere Property Group.

In the filing with the Singapore Exchange, CDL cited… Read More>>

sherman kwek CDL

CDL Strikes Deal to Acquire 51% Stake in Mainland Developer for RMB 4.39B

2020/04/15 by Michael Cole 1 Comment

City Developments Ltd (CDL) has found opportunity in the COVID-19 crisis to expand its real estate holdings in mainland China by acquiring a majority stake in a Chongqing-based developer for an initial investment of RMB 4.39 billion ($621 million).

The… Read More>>

sherman kwek CDL

Singapore’s CDL Acquires Shanghai Complex as Part of $974M Mainland Deal

2019/05/15 by Jan Kot Leave a Comment

Singapore-listed City Developments Ltd today announced RMB 6.7 billion ($974 million) in new investments in mainland China, including plans to take a 24 percent stake in mainland developer Sincere Property Group, and the acquisition of a Shanghai commercial asset from… Read More>>

sherman kwek cdl

CDL, Alibaba Take Cornerstone Stakes in $727M E-House IPO

2018/07/10 by Michael Cole Leave a Comment

Singaporean property developer City Developments Ltd is joining mainland tech giant Alibaba as investors taking cornerstone stakes in the initial public offering of E-House (China) Enterprise Holdings Ltd, a Shanghai-based real estate services provider with more than RMB 4.6 billion… Read More>>

CDL Names Pair of Execs to Head New Asset Management, Development Divisions

2018/05/29 by Greg Isaacson Leave a Comment

Singapore’s biggest home builder, City Developments Limited (CDL) announced a pair of new executive appointments this week as it created a pair of new business units to strengthen its commercial division and re-engineer its development process.

The owner of Republic… Read More>>

Sherman Kwek CDL

Singapore’s Hong Leong Group Buys East Coast Housing Block for $667M

2017/10/05 by Michael Cole Leave a Comment

The Singapore housing market is on the rebound and one of the southeast Asian financial hub’s biggest development groups has bought out the residents of a 200-unit housing block on the island city’s east coast to add to its project… Read More>>

Sherman Kwek CDL

Sherman Kwek Replacing Grant Kelley as CDL Chief Executive

2017/08/12 by Greg Isaacson Leave a Comment

Grant Kelley has stepped down as CEO of City Developments Limited (CDL), the Singapore-listed property heavyweight, and will be replaced by Sherman Kwek, the elder son of CDL chairman Kwek Leng Beng.

The family led company, which is one of… Read More>>

Sherman Kwek CDL

Singapore’s CDL Invests $10.5M for 24% of China Co-Working Operator Distrii

2017/01/22 by Michael Cole Leave a Comment

City Developments Ltd (CDL) has joined the China co-working race with a RMB 72 million investment ($10.5 million) in Shanghai-based Distrii, according to a recent announcement by the Singapore-based developer.

CDL’s cash buys it a 24 percent stake in Distrii,… Read More>>

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