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CDL targets S$6 billion divestments by FY 2029 under refreshed GET+ strategy
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CDL targets S$6 billion divestments by FY 2029 under refreshed GET+ strategy
  • CDL launched GET+ for FY 2027 to FY 2029, targeting tighter capital discipline, active portfolio management, sustainable shareholder returns.
  • Plan targets S$ 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:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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