CDL targets S$6 billion divestments under FY2027-29 GET+ strategy

Bitget2026/09/27 23:48

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CDL launched the GET+ strategy for FY 2027-2029, targeting sharper capital discipline and sustainable shareholder returns.
Plan calls for SGD 5 billion of investments, SGD 6 billion of divestments, and more than SGD 6 billion of development cash inflows.
Dividend policy targets a dividend payout ratio of at least 35% of reported PATMI each year.
Balance sheet goal set at about 55% net gearing by FY 2029, supported by more than SGD 1 billion PATMI from divestment gains.
Fund management expansion targets SGD 10 billion in assets under management, up from about SGD 5 billion as of June 30, 2026.

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 targets S$6 billion divestments under FY2027-29 GET+ strategy

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