CDL Hospitality Trusts (“CDLHT” or the “Group”), a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate investment trust, and CDL Hospitality Business Trust (“HBT”), a business trust, has today announced the acquisition of Pullman Hotel Munich (the “Hotel”) and its office and retail components (the “Commercial Components”, and together with the Hotel, the “Property”) for …
Read more

City Developments Limited (CDL), through its wholly-owned subsidiary CDL Properties Ltd (CDLP), has successfully launched the first green bond by a Singapore company. The two-year senior secured green bond has raised S$100 million at 1.98% fixed rate due 2019. The investors comprised mainly financial institutions and fund managers. The green bond is issued under the CDLP S$700 million secured Medium …
Read more

Despite a challenging market, City Developments Limited (CDL) posted Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) of S$186 million for Q1 2017 (Q1 2016: S$205 million), and Profit after Tax and Minority Interests (PATMI) of S$85.5 million (Q1 2016: S$105.3 million). The lower EBITDA and PATMI compared to Q1 2016 were due to a range of factors, including the …
Read more

City Developments Limited (CDL)’s 174-unit luxury freehold residential development, Gramercy Park, along Grange Road has achieved positive sales. To date, its 87-unit North Tower launched in Phase 1 has sold 70 units (80%). Riding on the positive sales momentum, Phase 2, comprising the 87-unit South Tower, was soft launched on 30 March 2017. Eleven of the 20 South Tower units …
Read more

Despite many Chinese cities implementing property cooling measures, City Developments Limited’s (CDL) properties are off to a good start. The newly-launched 126 unit luxury Eling Residences and CDL’s second development in Chongqing – Huang Huayuan – stand to benefit from the continual collaborative efforts between Singapore and Chongqing city. Huang Huayuan, also in the prime Yuzhong district, is scheduled for …
Read more

In a move to welcome the Singapore Government’s recent relaxation of the Total Debt Servicing Ratio (TDSR) framework for mortgage equity withdrawal loans with Loan-to-Value (LTV) ratios of 50% and below, Hong Leong Finance (HLF) is rolling out a brand new loan programme that provides flexibility to help retirees to cash-out from their private home properties.