City Developments Reports Consistent Q3 Results Driven by Robust Sales Growth
Stable Third Quarter Performance: City Developments Limited (CDEVY) reported a stable third quarter in 2025, supported by strong property sales and high occupancy rates in its investment portfolio.
Strong Sales Figures: The company sold 88 units at The Orie in Singapore for $313.2 million, contributing to year-to-date sales of 990 units totaling $2.5 billion, with plans to add over 700 Executive Condominium units to its pipeline.
Occupancy Trends: While Singapore's office and retail buildings maintained high occupancy, hotel performance varied, with improvements in Europe and Australasia countered by weaknesses in Asia.
Current Trading Status: CDEVY's stock is trading at $5.79, reflecting a slight increase of $0.06 or 1.05 percent on the OTC Markets.
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