Singapore, Feb 5, 2026, 15:40 SGT — Regular session
- City Developments shares rose about 1.2% to S$9.63 in afternoon trade.
- Investors are positioning ahead of CDL’s full-year results due on Feb 27.
- Focus stays on Singapore residential demand after the Newport Residences launch.
City Developments Ltd shares rose on Thursday, lifting the Singapore property developer back into the green after a softer close a day earlier. The stock was up 1.16% at S$9.63 by 3:28 p.m. local time, after ending Wednesday at S$9.52. (InvestingNote)
The move matters because CDL is heading into its FY2025 results later this month, a readout investors often use to judge sales momentum, margins and cash returns across Singapore developers. CDL said it will release its unaudited results for the year ended Dec. 31, 2025 before trading opens on Feb. 27, and will host a briefing and webcast later that morning. (SGX Links)
Traders have also been watching for signs that higher-priced city-centre projects can still clear in size. Earlier this week, CDL said it sold 140 of 246 units — a 57% take-up rate, or the share of homes sold out of total units — at the launch weekend for its freehold Newport Residences project. Excluding a super penthouse, the project averaged S$3,370 psf, or per square foot, according to the company. PropNex chief executive Kelvin Fong called it the “best-performing District 2 new launch in recent memory”. (The Straits Times)
CDL’s shares have seesawed this week: they gained 1.81% on Feb. 3, dipped 0.21% on Feb. 4, then bounced again on Thursday. The stock was up about 3.2% over the past five sessions and roughly 20.5% since the start of the year, MarketScreener data showed. (MarketScreener)
In a Feb. 1 research note, DBS analyst Tabitha Foo said Newport’s launch sales came in above her expectations and reiterated a “buy” call with a S$11.80 target price. She pointed to CDL’s valuation versus its revalued net asset value — a property-sector yardstick that adjusts book assets to estimated market values. (DBS Bank)
CDL is one of Singapore’s larger developers, with businesses spanning property development, investment properties and hotel operations, according to Reuters data. (Reuters)
Still, early sales at one project do not settle the bigger question for the sector: whether demand holds up if borrowing costs stay sticky, construction costs bite, or policymakers tighten rules again. A weaker earnings print or a cautious tone on launches can turn sentiment quickly in these names.
