City Developments Plans to Sell Quayside Isle in Sentosa Cove for S$97.3 Million

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Dec 16 2025

0mins

Source: NASDAQ.COM

Sale of Quayside Isle: City Developments Ltd. (CDL) has agreed to sell its waterfront retail asset, Quayside Isle @ Sentosa Cove, for S$97.3 million, reflecting a significant premium over its book value.
Market Validation: The sale price of approximately S$2,205 per square foot indicates strong market validation of the asset's quality and unique positioning.
Completion Timeline: The transaction is expected to be finalized in the first quarter of 2026, following a competitive bidding process that attracted local and international investors.
Capital Management Strategy: CDL's CEO highlighted that this divestment aligns with the company's capital recycling strategy, allowing them to unlock value while maintaining a balanced approach to capital management.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.