Singapore, Jan 11, 2026, 15:36 SGT — Market closed
- City Developments’ shares ended Friday unchanged, closing at S$8.87.
- CDL announced updated sustainability scores, highlighting a repeat spot on the CDP A-List and an EcoVadis Gold medal.
- Tuesday’s U.S. inflation figures and Singapore’s late-January housing data are next on investors’ radar.
City Developments Ltd maintained its place on the CDP “A List” for climate change and water security, the company announced in a sustainability update on Friday. It also earned an EcoVadis Gold medal. Shares closed flat at S$8.87. (SGX Links)
The timing is key as Singapore developers kicked off 2026 with a notable rally, drawing in new capital after a tough run for rate-sensitive stocks. City Developments stood out, registering one of the largest net institutional inflows during the first five trading days, according to The Business Times. (The Business Times)
That flow can shift quickly. Property shares frequently move less on current headlines and more on investors’ expectations for borrowing costs and future home-buying demand.
CDL has secured a spot on the 2025 CDP A List once again, extending its streak to eight consecutive years with an “A” rating for climate change. It also boasts a seventh straight “A” for water security. The company stands out as the only one in Southeast Asia and Hong Kong to maintain this record—eight years for climate and seven for water. CDL ranks within the top 4% of firms evaluated worldwide. (CDL)
CDP operates a disclosure and scoring framework that evaluates companies based on their environmental transparency and efforts, awarding an “A List” status to the highest achievers. (CDP)
CDL shares swung sharply in the opening days of the year, climbing from a low of S$8.04 on Jan. 5 to hit an intraday peak of S$8.95 on Jan. 8. By Friday’s close, the stock settled at S$8.87, unchanged on the day. (StockAnalysis)
This wasn’t a one-off. Shares of other property firms like Hongkong Land and UOL also climbed over the week, reflecting investor bets on easing interest rates. (The Straits Times)
Rate expectations continue to drive the market, shifting with each new data release. UOB senior foreign exchange strategist Peter Chia pointed to the first and second quarters of 2026 as the period when borrowers might start hedging interest rates. (The Straits Times)
CDL bulls face a straightforward risk: ESG badges and scores don’t generate dividends on their own. If mortgage rates remain elevated or housing demand softens, developers might find it tough to maintain volumes, even as their share prices surge.
The next checkpoint arrives swiftly. The U.S. consumer price index for December 2025 is set for release on Jan. 13. Singapore’s Urban Redevelopment Authority plans housing data drops on Jan. 15, followed by a wider 4Q update on Jan. 23 — key dates that often catch the eye of traders in Singapore property stocks. (Bureau of Labor Statistics)
