Market Review and Trends
Top Stock Market Highlights of the Week: City Developments, Donald Trump’s Tariffs and Singapore Household Debt
By The Smart Investor  •  November 30, 2024
Welcome to this week’s edition of top stock market highlights.

City Developments Limited (SGX: C09)

City Developments Limited, or CDL, released an encouraging business update for the third quarter of 2024 (3Q 2024). The blue-chip property group and its joint venture (JV) associates sold 321 units with a total sales value of S$611.1 million for its Singapore property development division. The sales volume and value were much higher than the prior year’s 183 units worth S$325 million. The higher sales were driven mainly by the launch of the 276-unit freehold property Kassia of which 179 units (65%) have been sold. For the first nine months of this year, CDL’s total sales amounted to 905 units with a total value of S$1.8 billion, higher than the previous year’s 691 units worth S$1.4 billion. The property giant’s other launches have also sold well. To date, Tembusu Grand has sold 581 units or 91% of the development while The Myst has sold 297 out of 483 units (73%)....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance