Page 56 - City Developments News Today

#140 Eduardo Saverin Net Worth: US$14.6B In 2004 Eduardo Saverin, who is currently based in Singapore, co-founded Facebook with Mark Zuckerberg. In 2012, the pair parted ways though Saverin continues to retain a small stake in Facebook which provides him with most of his wealth. In 2016, Saverin launched a venture fund called B Capital with Raj Ganguly. This fund has since managed to raise SGD$766 million and they invest heavily in tech firms around the world.    Net Worth: US$13.3B Robert an...

Firm can now grow, unlock value in hotels, property development after Sincere write-off.. Read more at straitstimes.com.

Singapore Property Dynasty’s China Deal Is a Cautionary Tale Bloomberg 3/15/2021 Bloomberg News (Bloomberg) -- When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms looking to invest in Chinese developers. In a case of a dream turning into a burden, City Developments Ltd. last month reve...

In its response, CDL described Sincere as a joint venture and said the legal structure of the entity doesn’t give the Singapore firm majority control of board decisions. It said it was “deeply concerned” that Sincere issued the statement and that it came without any prior consultation. Sincere paid interest on Thursday for its bond due Tuesday, though investors are still waiting for a principal payment of 444.5 million yuan ($68 million), according to two bondholders who aren’t authoriz...

Singapore Developer Spats With China Unit After Bond Lapse Bloomberg 3/12/2021 Bloomberg News © Bloomberg Residential buildings and willow trees stand along a canal in the Yonghegong area of Beijing, China, on Monday, April 16, 2018. New home prices in Beijing and Shanghai have jump more than 25 percent over the last two years. (Bloomberg) -- An escalating feud between Singapore’s richest property family and its troubled Chinese unit is underscoring the challenges for for...

The Straits Times Sincere Property says delay affected its ability to raise funds, improve cash flow https://str.sg/JjsQ They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the...

Shoring up shareholder confidence is critical, says senior business correspondent Grace Leong.. Read more at straitstimes.com.

Industry players should not stoke exuberant sentiments in property market: Indranee Rajah Toggle share menu Advertisement Industry players should not stoke exuberant sentiments in property market: Indranee Rajah Industry players should continue to be "professional, responsible, and prudent, and not stoke exuberant sentiments” in the property market, said Second Minister for National Development Indranee Rajah on Tuesday (Feb 23). 2 ...

Banks, Property Stocks Could Be Losers in Singapore’s Budget Bloomberg 2/15/2021 Ishika Mookerjee and Abhishek Vishnoi (Bloomberg) -- Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pand...

4 firms join WorldGBCs Net Zero Carbon Buildings Commitment LONDON, February 11, 2021 World Green Building Council (WorldGBC) has announced four new companies - Siemens,  global real estate company ​City Developments Limited (CDL), top Australian property group Charter Hall and Filipino sustainable real estate group NEO - as signatories to its ​Net Zero Carbon Buildings Commitment, signalling global industry leadership to decarbonise the built environment and combat climate change.    ...