City Developments To Sell Quayside Isle In Sentosa Cove For S$97.3 Mln
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City Developments Ltd. (CDL) has agreed to sell its waterfront retail asset, Quayside Isle @ Sentosa Cove, for S$97.3 million to a Singapore-based institutional buyer. The sale price is about S$2,205 per square foot, a 47% premium over its book value. The transaction is expected to complete in Q1 2026. This divestment is part of CDL's capital recycling strategy, with total divestments in 2025 reaching around S$2 billion.
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