SGX:CDL 14 January 2026 - 7 February 2026

City Developments Limited is set for a fresh spark next week, as a CDL-led consortium put in the highest offer—S$709.25 million—for the Government Land Sale site at Tanjong Rhu Road. That works out to roughly S$1,455 per square foot per plot ratio, coming in above bids from teams linked to Sunway MCL, Sim Lian, and GuocoLand. Shares in CDL ended Friday down 0.6% at S$9.57.

Shares of City Developments Ltd climbed 2.6% on Tuesday, reaching S$9.41 by 3:09 p.m. local time, up from Monday’s close of S$9.17.

City Developments Ltd shares ended Friday 2.3% higher at S$9.16, leading gains on Singapore’s Straits Times Index. The index itself rose 0.3% for the day and chalked up a 2.1% gain over the week. Singapore’s market remains closed Sunday, reopening Monday.

City Developments Ltd saw its shares tick up Wednesday following the announcement of the launch schedule and pricing for its Newport Residences development. By 3:27 p.m. local time, the stock was trading near S$8.97, up roughly 0.4%, after fluctuating between S$8.89 and S$9.03 earlier in the session.