The Tapestry

Developer: City Developments Limited (CDL)
No. Of Units: 861
Tenure: 99-Leasehold
District: 18
TOP: 2020


News Articles

16th March 2018. CDL to launch new Tampines condo

26th March 2018. Buyers snap up 70% of units launched at The Tapestry

17th April 2018. New private home sales up 86.5% last month from Feb

12th May 2018. CDL posts 16.3% drop in Q1 net profit to $80m

16th May 2018. Private home sales down 53.5% year-on-year

9th August 2018. CDL’s Q2 earnings surge 80% on strong home sales

15th November 2018. New private home sales almost halved in October: URA

16th November 2018. New private home sales plunge by half in October

16th January 2019. Plunge in new private home sales in December

21st February 2019. City Developments sees 54.7% fall in Q4 profit to $77.9m after hotel impairment losses

22nd February 2019. CDL’s Q4 profit falls 54.7% on hotel segment blues

16th March 2019. More private homes launched last month

8th August 2019. City Developments’ Q2 profit falls 26% to $162.4m

9th August 2019. City Developments’ Q2 profit down 26.4%

13th May 2020. CDL sells more units here in first quarter but sales value falls

20th May 2020. CDL sells more Singapore properties in Q1 but at lower sales value; shuts 30% of hotels amid Covid-19 lockdowns

14th July 2020. CDL warns of half-year profit hit, with hotel operations facing ‘significant’ loss

14th July 2020. CDL expects hit to half-year profit, due largely to pandemic

14th August 2020. CDL first-half profit sinks 99.1% on Covid-19 hit; sees possible divestments of non-core hotels

14th August 2020. CDL’s profit in first half plunges 99% as Covid-19 pandemic hits business

19th May 2021. CDL reports operational improvements for Q1 but remains wary of Covid-19 impact