City Developments (SGX:C09) share price in focus after S$709m Tanjong Rhu land bid
City Developments Ltd shares fell 0.6% to S$9.57 after it and Woh Hup topped bids for a Tanjong Rhu residential site at S$709.25 million. The Urban Redevelopment Authority said the tender closed Feb 5 but has not awarded the site. CDL’s stock remains near a 52-week high. Full-year results are due Feb 27.