City Developments Limited (SGX:C09) stock rises after Newport Residences sells 57% — what to watch before results
City Developments shares rose 0.75% to S$9.35 by mid-afternoon Monday after the company sold 140 of 246 units at Newport Residences over the launch weekend at an average S$3,370 psf. The project, a freehold mixed-use tower on Anson Road, saw higher take-up than recent District 2 launches. CDL will release unaudited FY2025 results before market open on Feb 27. About 3.1 million shares traded Monday.