City Developments to Divest Quayside Isle for Over SG$97 Million

MT Newswires

12/16

City Developments agreed to divest its prime waterfront retail asset, Quayside Isle at Sentosa Cove, for around SG$97.3 million, according to a Tuesday filing with the Singapore Exchange.

The property was launched for sale via an expression of interest in September and is part of the company's Quayside Collection, with a net lettable area of around 44,121 square feet.

This is the company's eighth asset sale for the year, with the company securing around SG$2 billion in divestments in 2025.

Shares of the property developer were up 2% in Tuesday trading.

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