{"id":101069,"date":"2018-11-09T11:04:36","date_gmt":"2018-11-09T04:04:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-net-profit-up-10-4-in-q3\/"},"modified":"2018-11-09T12:03:46","modified_gmt":"2018-11-09T05:03:46","slug":"cdl-net-profit-up-10-4-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-net-profit-up-10-4-in-q3\/","title":{"rendered":"CDL net profit up 10.4% in Q3"},"content":{"rendered":"


\n CDL may look to launch the Amber Park en bloc site in the first half of 2019. (Photo: JLL)
\nCity Developments Limited (CDL) saw its net profit increase 10.4 percent to $161.8 million during the third quarter of 2018 from $146.6 million over the same period last year.
\nRevenue rose 17.7 percent to $1.017 billion from $863.8 million previously.
\nCDL noted that the hike in revenue and profit were underpinned by the strong performance of its property segment arising from projects in Singapore, Japan and China.
\nFor the first nine months of 2018, net profit jumped 25.4 percent to $446.6 million, while revenue surged 37.3 percent to $3.434 billion.
\nLooking ahead, the group is preparing three sites in Singapore to be launch-ready during the first half of 2019 \u2013 the Amber Park en bloc site which is expected to yield 592 units, the Handy Road site with 188 units and the Sumang Walk site (possibly the only EC launch in 2019) with 820 units.
\n\u201cNotwithstanding global macroeconomic uncertainties and persistent headwinds for the Singapore residential property market, the group has continued to achieve an encouraging set of results for another quarter,\u201d said CDL executive chairman Kwek Leng Beng.
\n\u201cGiven the rapidly evolving business landscape, our diversified business in terms of product, sector and geography has helped us to weather headwinds that may impact any specific sector. These various platforms enable us to better navigate through cyclical market headwinds and nimbly manage our overall financial performance, while still ensuring a strong balance sheet,\u201d he said.
\n\u201cWhile Singapore will always remain as our core focus, we will continue to explore opportunities both domestically and overseas to diversify, enhance earnings and maximise returns for shareholders.\u201d
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CDL net profit up 10.4% in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CDL may look to launch the Amber Park en bloc site in the first half...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101069","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qi9","jetpack-related-posts":[{"id":95781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdls-net-profit-up-79-5-in-q2\/","url_meta":{"origin":101069,"position":0},"title":"CDL\u2019s net profit up 79.5% in Q2","date":"August 10, 2018","format":false,"excerpt":"\r CDL\u2019s strong performance was helped by its residential projects in Singapore, such as the high-end New Futura condominium. City Developments Limited\u2019s (CDL) net profit for the second quarter of 2018 soared 79.5 percent year-on-year to $204.8 million, while revenue jumped 59.2 percent year-on-year to $1.36 billion on the back\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdls-q3-profit-dragged-down-by-impairment-losses\/","url_meta":{"origin":101069,"position":1},"title":"CDL\u2019s Q3 profit dragged down by impairment losses","date":"November 14, 2019","format":false,"excerpt":"\r However, the group saw healthy residential sales in Singapore,\u00a0with total sales amounting to $2.56 billion. City Developments Limited\u2019s (CDL) profit after tax and minority interest (PATMI) fell 33.7% in the third quarter of 2019 to $115 million, on the back of impairment losses from two hotels and transactions costs\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-property-upcycle-calls-for-review-of-qc-policy\/","url_meta":{"origin":101069,"position":2},"title":"CDL to benefit from property upcycle, calls for review of QC policy","date":"August 11, 2017","format":false,"excerpt":"\r CDL\u2019s Kwek said the property market appears to be getting stronger, but warned of dangers such as an upward spiral in land costs and housing prices. Property giant City Developments Limited (CDL) said it is well-poised to benefit from the property upcycle after several years of subdued market conditions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94523,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-may-cut-unit-prices-by-5-10-rhb\/","url_meta":{"origin":101069,"position":3},"title":"CDL may cut unit prices by 5-10%: RHB","date":"July 24, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) City Developments Limited (CDL) is expected to be negatively affected by the government\u2019s latest property cooling measures given its market position, according to RHBInvest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest unsold residential inventory in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-posts-8-4-rise-in-q1-revenue\/","url_meta":{"origin":101069,"position":4},"title":"CDL posts 8.4% rise in Q1 revenue","date":"May 12, 2017","format":false,"excerpt":"\r Despite a challenging market, City Developments Limited (CDL) recorded a revenue of SGD783.8 million in Q1 2017, up 8.4% from the SGD723.3 million in the same period a year ago, revealed an SGX filing on Thursday (11 May). \u201cThe increase is attributable to improved performance from the property development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-reports-better-than-expected-quarterly-results\/","url_meta":{"origin":101069,"position":5},"title":"CDL reports better-than-expected quarterly results","date":"August 11, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Jewel@Buangkok development. Source: CDL Singapore-based City Developments Limited (CDL) announced on Thursday (11 August) a resilient set of financial results for the second quarter of 2016, bucking the trend of many peers who have registered declining profits and revenues due to tough macroeconomic challenges here\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101069"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=101069"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101069\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}