Urban Development sold 88 private residential units in the third quarter, with sales amounting to 313.2 million yuan | Lianhe Zaobao

Due to the lack of new residential projects launched in the third quarter, City Developments Limited (CDL) and its joint venture sold 88 units locally in the third quarter, with total sales amounting to SGD 313.2 million, a significant decrease from 321 units and SGD 611.1 million in the same period last year. Nevertheless, in the first nine months of this year, the group and its joint venture sold a total of 990 units, with total sales reaching SGD 2.5 billion, higher than 905 units and SGD 1.8 billion in the same period last year. Strong sales were mainly driven by the launch of the Avenir project in January, which has sold 94% of its units