{
  "id": 10326985,
  "title": "CDL to invest S$5 billion, target S$6 billion divestments under refreshed strategy",
  "url": "https://urgent.news/2026/09/28/cdl-to-invest-s-5-billion-target-s-6-billion-divestments-under",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T00:49:49.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/cdl-invest-s5-billion-target-s6-billion-divestments-under-refreshed-strategy"
  },
  "original_language": "en",
  "account": "Singapore-based property developer City Developments Ltd (CDL) announced a refreshed strategy on September 28, 2023, to boost shareholder value and deploy resources effectively. Under the new \"GET+\" strategy, CDL plans to invest S$5 billion in growth capital while targeting S$6 billion in divestments over the next three years, ending in FY2029. The property giant aims to double its assets under management (AUM) to S$10 billion by the end of FY2029 from S$5 billion in June 2026. The company will focus its investments and divestments on four sectors: residential, commercial, hospitality, and living. Commercial assets will account for 45% of the targeted divestments, followed by hospitality at 30%. CDL's owned hotel portfolio of 165 hotels, with 54 directly held properties valued at S$8.6 billion, will be a key area of focus under the refreshed strategy, with the goal of achieving S$1.8 billion in hotel property divestments by FY2029. To achieve its financial targets, CDL will establish a dedicated fund management entity, with its investment committee and leadership team directly responsible for AUM growth and financial accountability.",
  "summary": "The property developer plans to double its AUM to S$10 billion by FY2029",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}