City Developments Limited (C09.SI) Stock Rises After CDL Sells Quayside Isle for S$97.3 Million: Latest News, Forecasts and Analyst Views (16 Dec 2025)
City Developments Limited agreed to sell Quayside Isle @ Sentosa Cove for S$97.3 million, about 47% above its book value. The buyer is linked to Patrick Kho, ex-Lian Huat Group. CDL shares rose to S$7.45 after the news on 16 Dec 2025. The deal is expected to close in Q1 2026.