City Developments' Three-Year Divestment Target Suggests Aggressive Deal Pace — Market Talk

City Developments' three-year divestment target suggests an aggressive pace of deals, CGS International's Raymond Yap and Tan Jie Hui say in a note. The goal to divest of 6 billion Singapore dollars of assets implies an average rate of S$2 billion annually and matches the property company's 2025 re…