City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday
City Developments Limited is set for a fresh spark next week, as a CDL-led consortium put in the highest offer—S$709.25 million—for the Government Land Sale site at Tanjong Rhu Road. That works out to roughly S$1,455 per square foot per plot ratio, coming in above bids from teams linked to Sunway MCL, Sim Lian, and GuocoLand. Shares in CDL ended Friday down 0.6% at S$9.57.
