Thursday, March 17, 2011

City Developments rated 'buy' by Kim Eng

Stock Name: CITYDEV
Company Name: CITY DEVELOPMENTS LIMITED
Research House: Kim Eng

Kim Eng Research in a Mar 10 research report says: "CDL recently launched the leasehold H2O Residences in Sengkang. Of the 200 units launched, about 150 were sold at an ASP of $920 psf - a respectable price and take-up rate, in our opinion.

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