Company Watch

CDL can take flight again after shaking off albatross

Firm can now grow, unlock value in hotels, property development after Sincere write-off

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Nineteenth-century German philosopher Friedrich Nietzsche once wrote an aphorism which went, "what doesn't kill you makes you stronger".

The phrase may be particularly appropriate for listed property group City Developments (CDL), which has gone through its own annus horribilis over the past year.

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A version of this article appeared in the print edition of The Straits Times on April 01, 2021, with the headline CDL can take flight again after shaking off albatross. Subscribe