197 views
/CDL

CDL can rise above interest hikes: analyst

Its development portfolio makes it "well-positioned."

With its strong development portfolio, RHB said City Developments Limited (CDL) is well-positioned in the industry despite interest rate hikes.

CDL's portfolio is shielding it in macroeconomic risks expected in 2023. One notable development is the launch of the Copen Grand executive condominium (EC) which sold out since its launch in October.

It also won another project at Bukit Batok West Avenue 5 in September, which is seen to get strong demand as the EC segment is less affected by cooling measures and interest rates.

"It also has four residential projects (>1,000 units), which are expected to be gradually rolled out in 2023-2024," said RHB, commenting on CDL's  portfolio.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!