[SINGAPORE] Property giant City Developments Ltd (CDL) plans to deploy S$5 billion in growth capital and target S$6 billion in divestments across its portfolio over the next three years.

This is part of its “refreshed” strategy to sharpen its strategic focus and improve long-term shareholder value.

Unveiling the outcome of its strategic review on Monday (Sep 28) morning, CDL said that its new “GET+” strategy marks the group’s “next chapter of value creation, with clearer strategic priorities, active portfolio management, measurable financial targets and greater accountability”.

There will be four measurable outcomes under the strategy, which will run from FY2027 to FY2029:

• At least 35 per cent in dividend payout ratio on…