Singapore-Based CDL Sells 250-Unit Sunnyvale Property for $143.5MM to Cut Debt

City Developments Limited is streamlining its property portfolio with the sale of a 250-unit residential complex in Silicon Valley, marking the latest step in the Singapore-based developer's strategy to exit non-core markets and strengthen its balance sheet. The company announced Thursday it had completed the divestment of the Sunnyvale, California property for US$143.5 million (approximately […]