{"id":380,"date":"2025-05-24T00:01:03","date_gmt":"2025-05-24T00:01:03","guid":{"rendered":"https:\/\/hartaco.com\/?p=380"},"modified":"2025-05-24T00:01:03","modified_gmt":"2025-05-24T00:01:03","slug":"cdl-reports-s1-9-billion-q1-property-sales-in-singapore","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/05\/24\/cdl-reports-s1-9-billion-q1-property-sales-in-singapore\/","title":{"rendered":"CDL reports S$1.9 billion Q1 property sales in Singapore"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/05\/CDL_reports_S1.9_billion_Q1_property_sales_in_Singapore_v1_generated_image_20250524080101.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>Singapore&#8217;s real estate giant City Developments Limited (CDL) has reported a remarkable surge in its property development revenue, signaling strong market demand despite global economic headwinds. The company&#8217;s latest financial update reveals S$1.9 billion in Q1 2025 sales from Singapore projects alone, with flagship developments like The Orie in Toa Payoh leading the charge alongside consistent performers Lumina Grand and The Myst.<\/p>\n<p>Beyond local success, CDL continues expanding its international footprint with major approvals secured for a \u00a31.1 billion mixed-use development in London and steady sales in China totaling 179.5 million yuan. The group&#8217;s diversified strategy appears to be paying off, with its Singapore office portfolio maintaining near-full occupancy at 97.2%, while actively addressing challenges in its Chinese office holdings, where occupancy currently stands at 52.7%.<\/p>\n<p>The hospitality division presented mixed results, with Singapore hotels experiencing a 16.7% RevPAR decline attributed to the absence of major 2024 events like Taylor Swift&#8217;s concerts. However, other Asian markets showed resilience, with Taipei leading a 7.9% regional RevPAR increase, supported by stronger performances in Manila and Jakarta. European and Australasian properties also posted positive growth, underscoring the benefits of CDL&#8217;s geographical diversification.<\/p>\n<p>Financially, CDL maintains a stable position with S$2 billion in cash reserves and S$3.8 billion in available liquidity, despite a net gearing ratio of 72%. The company expressed cautious optimism about navigating macroeconomic uncertainties, banking on its balanced portfolio across property sectors and global markets. Shares closed slightly lower at S$4.73 ahead of the earnings announcement, reflecting investor sentiment in a complex economic landscape.<\/p>","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s real estate giant City Developments Limited (CDL) has reported a remarkable surge in its property development revenue, signaling strong market demand despite global economic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-380","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=380"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/380\/revisions"}],"predecessor-version":[{"id":381,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/380\/revisions\/381"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}