Singapore, Jan 18, 2026, 15:17 (SGT) — Market closed.
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.
The property developer has returned to the spotlight with previews underway for Newport Residences, a 246-unit freehold development in the central business district — meaning the land comes with no lease expiry. Sales bookings kick off on Jan. 31, with one-bedroom units starting at S$1.298 million, a press release cited by VnExpress shows. CEO Sherman Kwek said “the time is right” to launch, highlighting strong demand for prime-location new projects. VnExpress International
Asian stocks climbed Friday, buoyed by strong earnings from Taiwan’s TSMC that reignited interest in AI-related plays. At the same time, solid U.S. economic data prompted traders to scale back bets on an imminent Federal Reserve rate cut.
Friday saw roughly 4.06 million CDL shares trade hands, doubling the volume from the day before. The stock has gained around 3.3% over the last five sessions, according to MarketScreener data.
Traders face a straightforward question: will the early interest shown at the preview turn into solid bookings by month-end, and at what price points? In Singapore, the prime segment often appears lively during launch weekend but then falls silent, so the initial activity only tells part of the story.
The next major event is earnings. A recent filing revealed CDL intends to publish unaudited results for the year ended Dec. 31, 2025, before trading begins on Feb. 27. They will hold a briefing for analysts and the media later that morning, including a webcast.
Those figures will shape the debate around cash flow, balance sheet strain, and which part of the group’s profit machine is carrying the load — development or investment property and hotels — following a turbulent period for global real estate.
But there’s a clear risk here. If the luxury launch attracts lookers instead of buyers, or if global interest rates remain elevated for an extended period, property stocks that have surged could retreat sharply. Singapore’s housing demand also reacts strongly to policy moves targeting speculative activity.
As Singapore trading restarts Monday, eyes will be on whether CDL can maintain Friday’s gains. From there, focus shifts to Jan. 31 bookings for Newport Residences, followed by the Feb. 27 earnings report.
