City Developments to Divest Quayside Isle for Over SG$97 Million
MT Newswires
Dec 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.