CDL can rise above interest hikes: analyst

Its development portfolio makes it "well-positioned."

With its strong development portfolio, RHB said City Developments Limited (CDL) is well-positioned in the industry despite interest rate hikes.

CDL's portfolio is shielding it in macroeconomic risks expected in 2023. One notable development is the launch of the Copen Grand executive condominium (EC) which sold out since its launch in October.

It also won another project at Bukit Batok West Avenue 5 in September, which is seen to get strong demand as the EC segment is less affected by cooling measures and interest rates.

"It also has four residential projects (>1,000 units), which are expected to be gradually rolled out in 2023-2024," said RHB, commenting on CDL's portfolio.

Follow the link for more news on

City Developments Limited

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