28 Feb '13, 4am

CDL declares strong 2012 results #PR

Despite the challenging economic conditions, City Developments Limited (CDL) posted good financial results with revenue for FY2012 soaring to S$3.4 billion — the highest since operations began in 1963. CDL said it achieved strong residential sales comprising 2,395 units, a 24 percent increase from the 1,818 units previously which included executive condominiums (ECs), and registered a 58 percent growth in sales of approximately S$2.78 billion from S$1.76 billion in 2011. Property launches for 2012 also saw strong demand with The Rainforest (pictured ) and Bartley Residences both fully sold. Meanwhile, [email protected] GARDEN sold 99 percent of homes; Echelon was over 84 percent sold and the mixed development [email protected] Quay saw 75 percent of units taken up. At the same time, the developer’s “office portfolio continues to enjoy healthy occupancy of 94.5 percent, as compared...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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