CDL outlines GET+ plan with S$6 billion divestment target through FY2029

Bitget2026/09/27 23:48

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CDL outlined its GET+ roadmap for FY 2027-2029 at Newport Plaza, targeting sharper focus, active portfolio management, execution milestones, shareholder returns.
Plan calls for USD 5 billion of investments across residential, commercial, hospitality, living, with 60% allocated to Singapore.
Capital recycling targets USD 6 billion of divestments, separate from projected cash inflows above USD 6 billion from development sales.
Targets include dividend payout ratio of at least 35% annually, net gearing near 55% by FY 2029.
Additional goals include over USD 1 billion PATMI from divestment gains, total AUM of USD 10 billion by FY 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDL - City Developments Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GUJO0M9L4QP7ZYUU) on September 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CDL outlines GET+ plan with S$6 billion divestment target through FY2029

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