CDL shares drop after reporting lower Singapore sales in Q3

CDL shares drop after reporting lower Singapore sales in Q3

The Straits Times - Sports·2025-11-18 12:01

SINGAPORE - Shares of City Developments Ltd (CDL) slipped on Nov 18 in a knee-jerk reaction to news of lower property sales.

CDL, as well as its joint venture associates, recorded lower Singapore sales of $313.2 million in the third quarter of 2025, down 48.7 per cent from $611.1 million in the year-ago period.

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