City Developments (CDL) stock rises toward a 52-week high as Feb 27 results loom

City Developments Ltd’s Newport Residences saw 139 of its 246 units snapped up during its January 31 launch, property agents told The Edge Singapore. The sea-facing two-bedroom units were completely sold out. Mark Yip, CEO of Huttons Asia, described the strong response as “pent-up demand,” highlighting the introductory price starting at S$1.298 million, or roughly S$3,012 per square foot. This freehold project stands out in the central business district, where most new mixed-use developments come with 99-year leases.

City Developments Ltd shares dropped 0.97% on Friday, closing at S$9.21 and giving back some of the previous day’s gains. The stock hit a high of S$9.36 and ended the day close to the peak of its 52-week range, with volatility picking up ahead of the weekend.

Shares of City Developments Limited nudged up Wednesday, lingering close to a 52-week peak after broker notes flagged a luxury launch and asset sales as potential catalysts soon. The stock rose 0.66% to S$9.16 by 3:08 p.m., trading in a range between S$9.03 and S$9.22 during the session, per SGX data gathered by SGinvestors.io.

City Developments Limited stock climbed on Tuesday, 16 December 2025, after the Singapore-listed developer announced the sale of Quayside Isle @ Sentosa Cove for S$97.3 million—a transaction that management says sharpens its capital recycling drive and unlocks value at a meaningful premium to book. CDL+2The Edge Singapore+2