Singapore, Jan 27, 2026, 15:15 SGT — Regular session
- City Developments shares climbed 2.6% to S$9.41 during afternoon trading
- All eyes on MAS policy decision Thursday for signals on funding conditions
- Next up on the calendar: CDL’s sales bookings for Newport Residences and their FY2025 results
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.
Singapore stocks edged higher, with the Straits Times Index climbing roughly 0.8% in early trading. It broke past the 4,900 mark.
Rate-sensitive stocks are in focus ahead of Singapore’s central bank policy review on Thursday. A Reuters poll found most economists anticipate the Monetary Authority of Singapore will hold rates steady. Still, some analysts warn of a possible surprise hike. Edward Lee from Standard Chartered noted there’s “no urgency to act this month.” Reuters
City Developments has pegged Feb. 27 as a key date. The firm plans to publish its unaudited results for the year ending Dec. 31, 2025, ahead of market open, followed by a briefing that same morning.
Investors are eyeing the group’s upcoming downtown residential launch. City Developments announced that sales bookings for Newport Residences will open on Jan. 31, following previews that began earlier this month. One-bedroom units start at S$1.298 million. CEO Sherman Kwek said, “the time is right to unveil this rare freehold offering.” CDL
Prices for the project are high, even in Singapore’s pricey market. According to The Business Times, the smallest one-bedroom units begin at roughly S$3,012 per square foot.
In other sector news, UOL Group surged to its highest price in roughly 20 years following JPMorgan’s boost to its target price and reaffirmation of an “overweight” rating. The move kept property developers firmly in focus for traders. The Business Times
Still, much of Tuesday’s rally might not last. If MAS delivers a hawkish surprise or global bond yields falter, developers would feel the pinch through higher funding costs and weaker buyer appetite. On top of that, sluggish sales at Newport Residences would put the optimistic claims about prime-core demand to the test.
