amid soaring demand
Investing in a condominium in Singapore offers numerous benefits, one of the most significant being the potential for capital appreciation. Singapore’s position as a leading global business hub, combined with its robust economic foundations, continuously fuels the demand for real estate. As a result, property prices in Singapore have consistently risen over the years, particularly for condos in prime locations. Savvy investors who time their entry into the market correctly and hold onto their properties for the long haul can enjoy considerable returns on their investment. In addition, with the regular launch of new condos, such as those by New Condo Launches, the potential for future appreciation only grows stronger.
The long-standing feud within City Developments Limited’s board of directors has finally reached a ceasefire, with executive chairman Kwek Leng Beng putting an end to the legal actions taken against a group of fellow directors headed by his son, group CEO Sherman Kwek. The board has also agreed to retain two of the newly appointed independent directors, Jennifer Duong Young and Su Yen Wong. According to Leng Beng, all members have put their differences aside for the benefit of CDL and its stakeholders. In a statement, Leng Beng emphasized the board’s commitment to focus on strengthening CDL’s business through good corporate governance. This includes completing ongoing developments in Singapore and globally, expanding the company’s brands under Millennium & Copthorne, and maximizing shareholder value through capital recycling. This ceasefire signals a renewed unity and commitment amongst board members towards the growth and success of CDL.