City Developments traded at 9.03 this Friday March 13th, decreasing 0.07 or 0.77 percent since the previous trading session. Looking back, over the last four weeks, City Developments lost 6.71 percent. Over the last 12 months, its price rose by 78.81 percent. Looking ahead, we forecast City Developments to be priced at 8.82 by the end of this quarter and at 8.22 in one year, according to Trading Economics global macro models projections and analysts expectations.
City Developments Limited (CDL) is a global real estate operating company with a network spanning approximately 103 locations in over 29 countries and regions. Its portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls. The Company has developed over 43,000 homes and owns over 18 million square feet of lettable floor area globally. Its diversified global land bank offers 4.1 million square feet of developable gross floor area. The Company operates through four segments: Property development, which develops and purchases properties for sale; Hotel operations, which owns and manages hotels; Rental properties, which develops and purchases investment properties for lease, and Others segment, which consists of mainly investment in shares, management and consultancy services, and provision of laundry services.