- CDL will preview their property development at Handy Road site in 1H 2019 —
- Strong performance and contributions from Singapore, China and Japan
- Whistler Grand development sold over 200 units in 2 weeks
Following their strong performance in Q2 2018, City Developments Limited (CDL) continues to post encouraging results for Q3 2018 in spite of challenging market outlook condition.
In view of this, CDL will be preparing their Handy Road site project to be launch-ready in the coming months ahead. Haus on Handy will yield 188 units, an exclusive and luxurious residential project located strategically across Dhoby Ghaut MRT Station. A major rail network running on North South Line (Red), North East Line (Purple) and Circle Line (Orange).
It will be a highly anticipated project in this very sought-after locale by the seasoned property investors due to the numerous established educational institutions such as LASALLE College of the Arts, Nanyang Academy of Fine Arts (NAFA), School of the Arts (SOTA) and Singapore Management University (SMU).
Apart from the major transportation hub and learning facilities in the vicinity, it is also within a 3 minutes’ walk to Plaza Singapura, a large shopping haven by CapitaLand malls. Situated along the main shopping belt Orchard Road, there will be an endless round-the-clock entertainment options for the new residents in this luxury development.
Strong revenue takings will also be expected from the sales of Whistler Grand project in the western region as well as those in China and Japan. The Group sold more than 200 units at west coast since launching on 3rd November 2018. A highly encouraging figure from the uncertain market condition amidst property curb and intervention from the government.
Going forward, CDL will also be prepping the other two sites at Amber Park and Sumang Walk for launch-ready in 1H 2019. Despite rounds of property cooling measures and the possible interest rate hike looming, the Group remains cautious moving ahead but confident in the overall market sentiment from the pent-up demand for homes in the city state.
Release ID: 449583