Real Estate Investment and Services

CITYDEV NCCPS

CITYDEV NCCPS released FY2025 9 Months Earnings on February 27, 2026 (SGT) with actual revenue of SGD 2.637 B and EPS of SGD 0.379

CDL previews Newport Residences in Singapore CBD

City Developments Launches Newport Residences Luxury Project

CITYDEV NCCPS released FY2024 9 Months Earnings on February 25, 2025 (SGT) with actual revenue of 2.417 B SGD and EPS of 0.1522 SGD

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City Developments Limited (CDL) has launched a multi-currency perpetual securities issuance program with a total value of SGD 2 billion. The net proceeds will be used for general working capital, corporate funding, and refinancing of existing loans. These securities will be issued in Singapore to institutional and qualified investors, with various amounts and interest rate options, and no fixed maturity date. The group has applied for listing on the Singapore Exchange, with UOB as the underwriter

Zaobao

CityDev

CityDev launches a multi-currency perpetual securities issuance plan worth over 2 billion yuan | Lianhe Zaobao

UOB Kay Hian analyst Adrian Loh has maintained a Buy rating on City Developments (CDEVF) with a price target of S$11.50. Loh is ranked #949 out of 11,984 analysts according to TipRanks. Additionally, DBS analyst Tabitha Foo also issued a Buy rating for the company. However, TipRanks had previously reiterated a Hold rating on City Developments on January 19.

Tip Ranks

City Developments (CDEVF) Receives a Buy from UOB Kay Hian

City Developments, led by Singapore's second-richest man Kwek Leng Beng, is previewing its luxury condominium, Newport Residences, in the central business district. The project features 246 units, with prices starting at S$1.298 million (US$1 million) for one-bedroom units. The development includes various unit sizes, with three-bedroom units starting at S$3.24 million and a Super Penthouse available upon request. Previews begin Friday, with sales starting on January 31. The project is part of a mixed-use redevelopment and aims to meet strong demand in prime areas.

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CDL of Singapore’s 2nd richest man Kwek Leng Beng begins previews for luxury residences with units from $1M

The Straits Times Index (STI) rose 0.3% to close at 4,849.10, marking a 2.1% increase for the week. Advancers outnumbered decliners 307 to 261, with 1.4 billion shares traded. City Developments Ltd and Sembcorp Industries were top gainers, each up 2.3%. Local banks DBS, UOB, and OCBC also saw gains. Meanwhile, the iEdge Singapore Next 50 Index fell 0.3%. Asian markets were mixed, with South Korea's Kospi up 0.9%, while Japan's Nikkei 225 and Hong Kong's Hang Seng Index each dropped 0.3%.

- The Straits Times Index (STI) in Singapore rose 0.3% to close at 4,849.10 points, accumulating a 2.1% increase for the week.  
- Investor optimism was boosted by strong earnings from Taiwanese semiconductor companies and lower-than-expected unemployment claims in the U.S., alleviating concerns regarding market risks for the new year.  
- City Developments and Wilmar International were notable gainers, while the iEdge Singapore Next Generation 50 Index fell 0.3%, reflecting mixed performances among major Asian markets.

Businesstimes News

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Singapore stocks rise amid mixed Asian performance; STI up 0.3%

City Developments Limited (CDL) is launching Newport Residences, a 246-unit development on Anson Road, on January 16. Prices start at $1.298 million for a one-bedroom unit. The project includes recreational facilities and is part of the 45-storey Newport Plaza, which features offices and serviced apartments. Newport Residences is notable for being Singapore's first private residence to receive the Green Mark Platinum Super Low Energy certification. It is conveniently located near three MRT stations and offers access to the Marina Bay Financial District.

Singapore Business Review

CDL debuts Newport Residences with $1.3m entry price

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Retail investors in Singapore purchased $2.62 billion in equities in 2025, raising total net inflows to $17 billion over six years, according to SGX. The first half of 2025 saw $2.2 billion in net inflows, with banks, particularly DBS, receiving the largest share. Retail investors net bought $826 million of DBS shares during market volatility in April. Mapletree Industrial Trust and NTT DC REIT also attracted significant inflows. Additionally, REIT ETFs led the segment with notable net inflows, highlighting a shift in retail investor behavior.

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Retail investors buy $2.62b of Singapore equities in 2025, SGX says

City Developments Ltd. (OTCMKTS:CDEVY) experienced a significant increase in trading volume, with 16,254 shares traded, marking a 516% rise from the previous session. The stock is currently priced at $6.89, down from a previous close of $6.95. Analysts have upgraded the stock to a "moderate buy" rating, with a consensus rating of "buy". The company's fifty-day moving average is $5.89, and its two-hundred-day average is $5.36. City Developments is a major Singapore-based real estate developer with a diverse portfolio.

Market Beat

City Developments (OTCMKTS:CDEVY) Sees Strong Trading Volume  - Here's Why

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IREIT Global, a Europe-focused real estate investment trust, has secured a €12.5 million (US$14.7 million) loan from City Developments Limited's unit, City Strategic Equity. The loan will help fund construction costs for the Berlin Campus office development. It carries an interest rate linked to EURIBOR plus 3.55% and includes a change-of-control clause. IREIT Global plans to redevelop the site into a mixed-use property. The trust's portfolio includes five office assets in Germany and four in Spain, with an occupancy rate of 89% as of September 30.

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Unit of Singapore billionaire Kwek family’s CDL grants $14.7M loan facility to Europe-focused real estate investment trust

CITYDEV NCCPS(C70.SG)