City Developments Ltd. has sold Quayside Isle @ Sentosa Cove for S$97.3 million to a Singapore-based buyer. The deal reflects a price of S$2,205 per square foot, a 47% premium over its book value. The transaction is set to be completed in Q1 of 2026 after a competitive sale process that attracted local and international investors. Including this sale, CDL has divested around S$2 billion in 2025, surpassing its acquisitions. CEO Sherman Kwek stated that the divestment aligns with their capital recycling strategy and unlocks value for the company.

Read more at Nasdaq, Inc.: City Developments To Sell Quayside Isle In Sentosa Cove For S$97.3 Mln