City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday
Singapore, Feb 7, 2026, 15:34 SGT — Market closed. City Developments Limited (CDL) will head into next week with a new catalyst after a CDL-led venture submitted the top bid for a Government Land Sale (GLS) residential site at Tanjong Rhu Road. The offer was S$709.25 million, or about S$1,455 per square foot per plot ratio, ahead of bids that included groups involving Sunway MCL, Sim Lian and GuocoLand. CDL shares slipped 0.6% on Friday to close at S$9.57. For CDL, the tender matters because land bought at that level needs selling prices and costs to line up, or margins