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Company Overview and News

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Singapore developers attack cooling measures, Straits Times says

2018-07-07 malaymail
SINGAPORE, July 7 — A leading developers’ group in Singapore has challenged the government’s latest round of property-cooling measures, saying that there’s no rationale for the steps as the market is only in the early stages of a recovery, the Straits Times reported, citing a statement from the group.
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Curb on enthusiasm: Singapore property measures hit developers, investors

2018-07-06 theedgemarkets
SINGAPORE (July 6): Singapore's surprise move to intensify property curbs marks the strongest cooling measures in the island nation in five years, putting a damper on a nascent resurgence in the housing market and posing risks to developers' margins.
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5
Singapore announces surprise property curbs to cool market

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling today, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales.
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Fall ahead of U.S. tariffs; Singapore sinks to 14-month low

2018-07-06 theedgemarkets
(July 6): Southeast Asian stock markets fell on Friday, as investors closed positions and waited anxiously for the impending tariffs on Chinese imports by U.S. President Donald Trump, with Singapore falling more than 2% to a 14-month low.
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1
Singapore's Decisive Property Crackdown Set to Damp `Euphoria'

2018-07-06 theedgemarkets
(July 6): Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
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Singapore’s decisive property crackdown set to damp ‘euphoria’

2018-07-06 thestar.com.my
SINGAPORE: Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling. The tightened rules, rolled out a day after the central bank noted “euphoria” in the property market, sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped as much as 2.
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0
Singapore’s decisive property crackdown set to damp 'euphoria’

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore Developer Stocks Fall After Surprise Property Curbs

2018-07-06 theedgemarkets
(July 6): Singapore property and bank stocks led declines on the benchmark stock index Friday after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments Ltd. and UOL Group Ltd. fell more than 14 percent each.
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Property stocks slump after announcement of new cooling measures

2018-07-06 channelnewsasia
SINGAPORE: Property stocks in Singapore came under heavy selling in early trade on Friday (Jul 6), as investors reacted to surprise news of fresh cooling measures announced a day earlier.
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3
CDL Group CEO Sherman Kwek makes a splash to raise S$180,000 for charity

2018-06-25 channelnewsasia
SINGAPORE: City Developments Limited (CDL) Group CEO Sherman Kwek made a splash for charity at the Assisi Fun Day 2018 on Sunday (Jun 24), helping to raise more than S$180,000 for charity through his lone efforts at the dunking machine.
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3
CDL Group CEO Sherman Kwek makes a splash to raise over $180,000 for charity - Channel NewsAsia

2018-06-25 channelnewsasia
SINGAPORE: City Developments Limited (CDL) Group CEO Sherman Kwek made a splash for charity at the Assisi Fun Day 2018 on Sunday (Jun 24) helping raise over S$180,000 for charity through his lone efforts at the dunking machine.
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8
CDL Integrated Sustainability Report 2018: On Track To Achieve Sustainability Goals Amid Increased Regulations, Green Consumerism And Investment

2018-05-02 accesswire
SINGAPORE / ACCESSWIRE / May 2, 2018 / City Developments Limited (CDL) (FRA: CDE) has published its latest Integrated Sustainability Report 2018: On Track To CDL Future Value 2030. The report shows CDL's progress towards the material Environmental, Social and Governance (ESG) goals and targets under its CDL Future Value 2030 sustainability blueprint. Against the backdrop of increased regulations and demand for sustainable products and investments, the future-fit blueprint drives CDL's integrated sustainability strategy towards 2030, a milestone year for global climate agreement and sustainable development.
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4
Singapore home prices rise fastest in almost 8 years in the first quarter

2018-04-02 scmp
The island state’s housing market is recovering from a 4-year; price rise boosted by pent-up demand and stronger economic growth
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CUSIP: 177797305