Singapore, Feb 10, 2026, 15:45 (SGT) — Regular session.
Shares of City Developments Ltd added 0.6% to hit S$9.83 by 3:30 p.m. local time on Tuesday, leaving the Singapore property group sitting close to the upper edge of its recent range. The stock has surged almost twofold in the past year.
CDL’s unaudited full-year numbers for the year ended Dec. 31, 2025 are set to drop on Feb. 27 ahead of the Singapore market open, according to a filing. The company plans to follow up with a results briefing and webcast at 10 a.m. that day.
Singapore stocks climbed on Monday, with property-related plays often responding to changes in rate outlook and asset pricing. Recent sessions have seen investors shelling out more for local equities, echoing regional advances, The Business Times reported.
CDL finished Monday at S$9.77, up 2.1%. On Tuesday, shares shifted between S$9.78 and S$9.95, according to Investing.com. That’s within a 52-week band of S$4.32 to S$9.95, putting the stock near its upper end as the afternoon session ticked on.
The group has been highlighting demand from buyers at fresh launches. CDL reported in a Feb. 1 update on its Newport Residences project that, as of 5 p.m. that day, 140 out of 246 units—57%—had sold at an average S$3,370 per square foot, using the local pricing standard. “We are encouraged by the positive response,” said group CEO Sherman Kwek. CDL
Deal chatter hasn’t let up across the sector. On Tuesday, Boustead Singapore announced it got the green light to list UI Boustead REIT on the Singapore Exchange. As part of the plan, the company will spin off 15 properties into the REIT.
Institutional capital is also making moves in Singapore’s property scene. Last week, Hongkong Land unveiled a private real estate fund, kicking things off with S$8.2 billion worth of Singapore commercial property. The company’s goal: push that gross asset value higher as time goes on.
CDL occupies a central spot in the ecosystem, with interests covering residential projects, commercial assets, and hospitality businesses. The company’s website also highlights its fund management operations.
The stock’s climb also raises the risk of a steeper drop if risk sentiment shifts. Should funding costs rise, or buyer demand falter, or if there’s even a hint that the group is overcommitting to pricey land and building, margin and cash flow concerns could easily resurface.
Feb. 27 marks the next major event: CDL reports earnings, with investors eyeing any updates on the 2026 launch pipeline, sales trends, and how management is thinking about the balance sheet.
