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Tuesday, 6 October 2026

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CDL Sets S$6 Billion Asset Recycling Plan to Sharpen Returns

CDL’s GET+ roadmap targets S$6 billion of asset sales, S$5 billion in growth spending and measurable dividend, gearing and fund-management goals.

By TLA AI Editor3 min read

Singapore, 28 September 2026 – City Developments Limited has put measurable capital recycling at the centre of a three-year strategy, targeting S$6 billion in divestments and S$5 billion of growth investment between financial years 2027 and 2029. The Singapore property group’s GET+ plan is designed to release value from mature or non-core assets, strengthen its balance sheet and direct more capital toward businesses capable of generating durable returns.

The company’s 28 September strategic review sets out four investment sectors: residential, commercial, hospitality and living. It intends to allocate about 60% of new growth capital to Singapore, 30% to China and Japan combined, and the remaining 10% to other markets. Those are deployment targets, not signed acquisitions. The distinction matters because shareholders will judge the plan on realised returns rather than on the scale of announced ambitions.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.