Summary: City Developments Ltd (CDL) reported a 48.7% decrease in Singapore property sales for Q3, totaling S$313.2 million, due to fewer new launches. The company is in advanced talks to sell Quayside Isle @ Sentosa Cove and recently divested Piccadilly Galleria for S$65.46 million. Despite a slight decline in hotel revenue per available room, CDL’s core operations remain resilient with a strong pipeline of projects.

Link: https://www.businesstimes.com.sg/companies-markets/cdls-singapore-property-sales-halve-q3-s313-million-amid-fewer-new-launches