CDL targets S$6 billion divestments by FY 2029 under refreshed GET+ strategy

Bitget2026/09/28 00:36

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CDL launched GET+ for FY 2027 to FY 2029, targeting tighter capital discipline, active portfolio management, sustainable shareholder returns.
Plan targets S$ 5 billion of investment spending, weighted to Singapore at 60% of new capital deployment.
CDL set a S$ 6 billion divestment goal to recycle capital, with commercial assets the largest component at 45%.
Financial targets include at least a 35% dividend payout ratio, net gearing of about 55% by FY 2029.
Strategy also targets more than S$ 1 billion in PATMI from divestment gains, AUM growth to S$ 10 billion.

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 on September 28, 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 by FY 2029 under refreshed GET+ strategy

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