Singapore, Jan 24, 2026, 15:43 SGT — Market closed.
- City Developments ended Friday’s session at S$9.21, slipping 0.97%.
- Singapore’s private home prices rose 3.3% in 2025, slowing down according to URA data released Friday.
- Investors are tracking Newport Residences bookings starting Jan 31, with CDL’s FY2025 results due Feb 27.
City Developments Ltd (CDL) 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.
The dip came as investors absorbed housing data suggesting a steadier market rather than another upswing. The Urban Redevelopment Authority (URA) reported private home prices rose 0.6% in Q4 and 3.3% for 2025—the slowest yearly gain since 2020. Rents climbed 1.9% last year, bouncing back after a drop in 2024. PropNex CEO Kelvin Fong highlighted “developers’ discipline in pricing units,” while JLL’s Chia Siew Chuin attributed demand to “deep-seated confidence and purchasing power.” The Business Times
CDL is pushing new inventory to buyers. The company announced earlier this month that sales bookings for its 246-unit Newport Residences will kick off on Jan 31. One-bedroom units start at S$1.298 million. Group CEO Sherman Kwek said, “the time is right to unveil this rare freehold offering.” CDL
Earnings are the next key date. A filing with the Singapore Exchange revealed CDL will publish its unaudited FY2025 results before the market opens on Feb 27. The company will hold a briefing at 10:00 a.m., followed by a live webcast for analysts and media.
Thursday’s big jump in the stock still trails behind Friday’s pullback. CDL gained 2.6%, closing at S$9.30 and topping the Straits Times Index, which advanced 0.4% as a global relief rally helped steady nerves. Julius Baer strategist Mathieu Racheter commented, “For now, markets appear comfortable re-engaging with risk.” The Straits Times
Construction costs remain a key focus, particularly for developers juggling extensive project pipelines. Singapore’s Building and Construction Authority forecasts total construction demand of S$47-53 billion in 2026, largely unchanged from 2025. This includes major public and private ventures.
Outside Singapore, traders head into next week relying heavily on rates. Global markets remain jittery over politics and central-bank cues, with investors focused on the Federal Reserve’s meeting for clues on borrowing costs.
Still, the setup is double-edged. Should mortgage rates rise again or buyers hesitate over launch prices, developers risk losing steam quickly; a weaker rental market wouldn’t boost confidence either, as investors are quick to discount “peak” earnings.
CDL shares have gained roughly 15% so far this year, despite slipping back on Friday. That rally tightens the margin for error if sales at new launches weaken or if the company issues more cautious guidance.
As trading resumes in Singapore next week, focus will zero in on initial signals from Newport Residences bookings on Jan 31. All eyes then shift to CDL’s Feb 27 report, where details on cash flow, margins, and dividends are expected.
