CDL posts sluggish sales in Q3 22 due to low inventory

The firm recorded $281m sales value.

City Developments Limited (CDL) recorded sales value of $281m in the third quarter of 2022, which the group said was slower for the quarter because of low inventory of unsold units.

In a bourse filing, CDL said its launched projects were sold, with Sengkang Grand Residences selling out in Q3. There were also zero new launches during this period.

For the first nine months ending 30 September 2022, CDL and its join venture associates sold 802 units with a total sales value of $1.9b, lower than $2.5b sold in the same period last year.

In November, its launch of Copen Grand Executive Condominium boosted the total sales value to 1,417 units amounted to $2.8b.

Despite low stock levels due to cooling measures, CDL sees that the property market will still be resilient.

"Moreover, with a recovering economy, Singapore’s political stability, and its strength as a financial hub, there is sustained interest from local buyers, foreign investors and high-net-worth individuals," it said.

Follow the link s for more news on

City Developments Limited

Financial Statements

singapore property cooling measures

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia