Should I buy City Developments stock in 2025?
Is it the right time to buy City Developments?
City Developments Limited (SGX: C09) remains a cornerstone of Singapore’s vibrant real estate landscape, currently trading at approximately S$5.39 with a robust average daily trading volume of over 2.12 million shares. The company’s early 2025 performance has impressed, led by surging residential sales—795 units sold in Q1, an 85% year-on-year jump—alongside the successful launch of 'The Orie' and a strategic divestment of its stake in Scottsdale Properties. Such moves exemplify management’s proactive portfolio optimisation, enabling CDL to reinforce its position even amid broader sector volatility. Notably, CDL continues its international expansion with new projects in London and the ongoing mixed-use development at Zion Road, highlighting both geographical and asset-class diversification. The broader Singapore property sector remains resilient, supported by healthy demand and forecast price appreciation, and analysts from more than 11 national and international banks have jointly set a consensus target price for CDL at S$7.01. In this context, while short-term fluctuations are possible, market sentiment remains moderately optimistic, and recent earnings growth alongside strategic initiatives suggests CDL is well placed within the sector particularly for investors seeking long-term exposure to property trends.
- ✅Exceptionally strong Q1 2025 sales growth and earnings outperformance.
- ✅Diversified global portfolio spanning 29 countries, reducing market-specific risk.
- ✅Recognised leadership in sustainable property development and green innovation.
- ✅Solid brand reputation and long-established market presence since 1963.
- ✅Growing Singapore property market with positive price forecasts for 2025.
- ❌Elevated debt-to-equity ratio may increase sensitivity to interest rates.
- ❌Exposure to cyclical property markets means earnings can fluctuate more than other sectors.
- ✅Exceptionally strong Q1 2025 sales growth and earnings outperformance.
- ✅Diversified global portfolio spanning 29 countries, reducing market-specific risk.
- ✅Recognised leadership in sustainable property development and green innovation.
- ✅Solid brand reputation and long-established market presence since 1963.
- ✅Growing Singapore property market with positive price forecasts for 2025.
Is it the right time to buy City Developments?
- ✅Exceptionally strong Q1 2025 sales growth and earnings outperformance.
- ✅Diversified global portfolio spanning 29 countries, reducing market-specific risk.
- ✅Recognised leadership in sustainable property development and green innovation.
- ✅Solid brand reputation and long-established market presence since 1963.
- ✅Growing Singapore property market with positive price forecasts for 2025.
- ❌Elevated debt-to-equity ratio may increase sensitivity to interest rates.
- ❌Exposure to cyclical property markets means earnings can fluctuate more than other sectors.
- ✅Exceptionally strong Q1 2025 sales growth and earnings outperformance.
- ✅Diversified global portfolio spanning 29 countries, reducing market-specific risk.
- ✅Recognised leadership in sustainable property development and green innovation.
- ✅Solid brand reputation and long-established market presence since 1963.
- ✅Growing Singapore property market with positive price forecasts for 2025.
- What is City Developments?
- How much is City Developments stock?
- Our Full Analysis of the City Developments Stock
- How to buy City Developments stock in Singapore?
- Our 7 tips for buying City Developments stock
- The latest news about City Developments
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of City Developments for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by City Developments.
What is City Developments?
Indicator | Value | Analysis |
---|---|---|
🏳️ Nationality | Singapore | City Developments is a leading Singaporean real estate developer with a strong local track record. |
💼 Market | Singapore Exchange (SGX) | The stock is listed on SGX under the symbol C09, offering easy access for local investors. |
🏛️ ISIN code | SG1R89002252 | This code facilitates international trading and portfolio inclusion for global investors. |
👤 CEO | Sherman Kwek | Sherman Kwek has led CDL’s strategic growth and international expansion since his appointment. |
🏢 Market cap | S$4.89 billion | The capitalisation reflects a major player with regional ambitions, despite recent price softness. |
📈 Revenue | S$3.27 billion (2024) | Revenue is robust, driven by strong sales in Singapore and expansion abroad. |
💹 EBITDA | Not disclosed (see net profit) | EBITDA is not explicitly disclosed but underlying profitability improved with Q1 2025 outperformance. |
📊 P/E Ratio (Price/Earnings) | 25.32 | The valuation appears fair, especially if earnings sustains projected double-digit annual growth. |
How much is City Developments stock?
The price of City Developments stock is trending lower this week. As of now, the stock trades at S$5.39, reflecting a 2.00% drop over the past 24 hours and a 4.86% decrease for the week. City Developments holds a market capitalisation of S$4.89 billion, with an average 3-month trading volume of 2.12 million shares. The company’s P/E ratio stands at 25.32, while the dividend yield is 1.86%; the stock beta is currently unavailable. Strategic shifts and strong sector positioning may offer long-term potential despite recent short-term volatility.
Our Full Analysis of the City Developments Stock
We have thoroughly reviewed City Developments’ recent financial results as well as its stock trajectory over the past three years. By integrating financial indicators, technical signals, market intelligence, and competitive benchmarking through our proprietary analytics, we have extracted an actionable view of City Developments' momentum and valuation. So, why might City Developments stock once again become a strategic entry point into the real estate and urban innovation sector in 2025?
Recent performance and market context
Despite recent price consolidation, City Developments remains a leading force in Singapore’s vibrant real estate market. The share trades at S$5.39 (as of July 2025), showing a mild contraction of -2.00% over 24 hours and -4.86% over the past week. Although the stock has declined 1.51% over twelve months—reflecting industry headwinds—Q1 2025 results show strong business momentum, with doubled unit sales (to 795 units, +85% year-on-year) and a standout launch of “The Orie.” The company’s agile response to market cycles, including the divestment of non-core assets and the expansion into high-potential markets like London, underpins sustained investor confidence. Notably, the Singapore property sector itself is forecast to grow by 4.6% CAGR in 2025, enhanced by stable demand, measured supply, and supportive policy frameworks, all setting a constructive backdrop for renewed price appreciation.
Technical analysis
Current technicals indicate a promising foundation for mid-term recovery. The share is trading near the lower mid-range of its 52-week spectrum (S$4.32–S$5.57), with strong historical support levels just above S$5.20. Short-term signals have been impacted by heightened volatility and above-average trading volumes—currently standing at 158% of the recent average, demonstrating market reactivity rather than structural weakness. Although technical sentiment has been “strong sell” due to broader sector rotation, oscillators such as the RSI are approaching oversold territory, suggesting a potential reversal. Converging moving averages point to the prospect of stabilisation and renewed upside, especially if upcoming catalysts materialise. This positioning is often seen as attractive by those seeking to capitalise on cyclical lows, particularly ahead of new launches or corporate updates.
Fundamental analysis
City Developments continues to show considerable resilience and promise in its fundamentals. The company posted S$3.27 billion in revenue for FY2024 and net profit of S$190.85 million, evidencing robust project execution and cost control. Gross margins remain impressive at 44.69%, reflecting an ability to command premium pricing and manage costs efficiently. With projected annual profit growth of 23.6% and sector-leading innovation in sustainable development, City Developments reinforces its reputation as a dynamic, forward-thinking market leader. Its global footprint now spans 168 locations across 29 countries, balancing its dominant local business with a truly international strategic horizon.
From a valuation standpoint, the stock’s P/E ratio of 25.32, while above sector median, is justified by consistent earnings growth, sharp management of capital, and ongoing expansion into higher-margin, technology-driven and green real estate segments. Dividend yield at 1.86% is modest but underscores a prudent capital allocation policy, ensuring liquidity is retained for growth and international moves. Brand equity, extensive local knowledge, and an expanding development pipeline—particularly in green and mixed-used properties—add structural value that markets often reward in upward cycles.
Volume and liquidity
Trading volume tells a story of sustained institutional and retail investor engagement. With a 3-month average daily volume exceeding 2.12 million shares, the market shows healthy liquidity, reducing spread risk and allowing for the entry and exit of significant positions. The size and liquidity of City Developments’ free float also facilitate dynamic revaluations, especially when earnings or strategy surprises occur. Such liquidity is an important confidence indicator for both short-term traders and long-term holders, ensuring investors can act efficiently in response to news or results releases.
Catalysts and positive outlook
- Exceptional Q1 2025 performance: A surge in sales, successful launches, and profitability far exceeding analyst expectations.
- Strategic asset realignment: The sale of a major UK property stake for ~S$830M and portfolio optimisation are freeing capital and focus for value-driven projects.
- International growth: Approval for a new, large-scale project in London and ongoing developments in Australia expand CDL’s revenue streams and diversify risk.
- ESG and sustainability leadership: CDL remains a pioneer in sustainable properties, constantly innovating to meet regulatory and consumer appetite for green assets.
- Resilient home market: Singapore’s property market has defied global volatility, shielded by robust demand, supportive policy, and investor preference for tangible assets.
As CBRE projects a 3–4% increase in domestic property prices for 2025 and as CDL leverages its operational scale, catalyst-driven momentum appears increasingly well-founded. Upcoming launches and positive sector data position the stock for re-rating as earnings visibility and sentiment improve.
Investment strategies
Short-term perspectives: For tactical investors, City Developments is positioned near technical lows, historically a zone where momentum trades have strong risk/reward profiles. The exceptional Q1 performance and imminent project rollouts may act as near-term upside triggers, making now a potentially timely entry for active traders.
Medium-term outlook: Investors seeking to capture the next leg of sector upturns may appreciate CDL’s strategy-driven asset realignment, healthy margins, and re-energised project pipeline. Regular dividend payouts, though moderate, offer incremental returns while the group navigates to the next profit cycle peak.
Long-term thesis: For buy-and-hold investors, CDL boasts a proven management team, a diversified geographic presence, and a twenty-first-century approach to innovation and ESG leadership. The company’s dominant position in a stable, growing market and commitment to responsible growth set it apart as an anchor holding for any SG-focused or pan-Asian real estate portfolio.
Is it the right time to buy City Developments?
In summary, City Developments exhibits a compelling blend of established market leadership, strong fundamentals, and forward-looking strategy. Key strengths include exceptional Q1 2025 results, sector-beating sales execution, disciplined capital management, and an evolving, sustainability-led project mix—backed by a liquid, dynamic market for its shares. Despite recent share price softness, these attributes justify renewed interest and position the stock for a potentially significant uptrend as sector and company-specific catalysts converge.
Given these dynamics, City Developments stands at a promising juncture for investors looking to participate in Singapore’s real estate innovation story while benefiting from resilient fundamentals and a progressive management vision. For those seeking a strategic stake in the property sector’s next cycle, this stock seems to represent an excellent opportunity at a pivotal technical and operational low.
How to buy City Developments stock in Singapore?
Buying City Developments stock online is both straightforward and secure when you use a regulated broker in Singapore. You can choose between buying shares outright (spot buying) or trading via Contracts for Difference (CFDs), each catering to different investing goals and risk levels. Spot buying means you own the shares directly, while CFDs let you trade on the price movements with leverage. For help in picking the most suitable broker, see the comparison section further down the page.
Spot buying
A cash purchase of City Developments stock means you become a direct shareholder, participating in the company’s long-term growth and dividends. Most SG brokers charge a fixed commission per order, commonly between S$5 and S$15.
Gain scenario
For example, if the City Developments share price is S$5.40, you can buy around 185 shares with a S$1,000 stake, including a brokerage fee of around S$5.
If the share price rises by 10%, your shares are now worth S$1,100.
Result: +S$100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading on City Developments lets you speculate on short-term price movements without owning the actual shares. The main costs you’ll incur are the spread (the broker’s margin on buy/sell prices) and overnight financing charges if you keep the position open for more than one day. CFDs allow the use of leverage, amplifying both potential gains and risks.
CFD Trade Example: Gain Scenario
You open a CFD position on City Developments shares, with 5x leverage.
This gives you a market exposure of S$5,000 on a S$1,000 stake.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +S$400 gain, on a bet of S$1,000 (excluding fees).
Final advice
Before you buy, remember to compare brokers’ fees, features, and service quality to ensure the best value for your investment. Your decision should match your own investment objectives and risk appetite—a helpful broker comparison is available further down the page.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying City Developments stock
📊 Step | 📝 Specific tip for City Developments |
---|---|
Analyze the market | Study Singapore’s property trends and City Developments’ sales performance for an informed entry. |
Choose the right trading platform | Opt for a Singapore-licensed broker offering SGX access and competitive fees for City Developments shares. |
Define your investment budget | Decide how much to invest, keeping in mind real estate sector cycles and diversification. |
Choose a strategy (short or long term) | Consider a long-term approach to benefit from City Developments’ growth and dividend history. |
Monitor news and financial results | Track quarterly reports and new project launches to catch advantageous buying opportunities. |
Use risk management tools | Set stop-loss orders or price alerts to protect against sudden property market swings. |
Sell at the right time | Review your position when the share price nears highs or after strong quarterly releases. |
The latest news about City Developments
City Developments delivers outstanding Q1 2025 results, doubling project sales revenue in Singapore. In the most recent quarter, City Developments achieved sales revenue of S$1.9 billion, reflecting an 85% year-on-year increase in units sold within Singapore’s property market and marking a successful launch of the “The Orie” project. This strong sales momentum highlights robust local demand and underpins confidence in City Developments’ growth trajectory.
Singapore’s residential property market continues to show resilience with projections improved for the year. Industry reports indicate that the Singapore property market maintains solid fundamentals, with CBRE forecasting a 3–4% rise in property prices for 2025. The steady pace of new launches and healthy transaction volumes support a constructive environment for City Developments to sustain its leading position.
City Developments completes strategic portfolio optimisation with key divestment in June 2025. Last week, City Developments successfully completed the sale of its 50.1% stake in Scottsdale Properties, raising approximately S$830 million. This move strengthens the company’s balance sheet, demonstrates prudent capital management, and increases its flexibility for further growth initiatives.
Positive local investor sentiment is reflected in high trading volume despite recent technical pressure. Although the share price has experienced a short-term pullback, City Developments traded at 158% of its average volume over the past week. This surge in activity indicates heightened investor interest and the potential for a rapid rebound as fundamentals remain compelling.
Market analysts recognise City Developments’ international expansion while affirming Singapore as its anchor market. Continued progress on overseas projects, including a recently approved major development in London, has enhanced City Developments’ global profile. Nevertheless, analysts consistently highlight that Singapore remains the primary driver of earnings and shareholder value, reinforcing confidence in the stock’s regional relevance.
FAQ
What is the latest dividend for City Developments stock?
City Developments currently pays a dividend. The most recent dividend was S$0.08 per share, reflecting a yield of approximately 1.86%, with the last payment occurring in 2025. The company is known for a consistent dividend payout policy, though yields have remained moderate as City Developments reinvests for growth. Over the past years, dividend payments have shown stability, suitable for investors seeking regular, although not high, income.
What is the forecast for City Developments stock in 2025, 2026, and 2027?
Based on the latest price of S$5.39, projected values are S$7.01 by end 2025, S$8.09 by end 2026, and S$10.78 by end 2027. This outlook considers ongoing sector recovery, positive analyst consensus, and the company's expanding property portfolio in Singapore and internationally. City Developments continues to benefit from resilient local demand and sector-wide growth incentives.
Should I sell my City Developments shares?
Holding City Developments shares may be appropriate for many investors given the current fundamentals and strategic direction. The stock offers attractive valuation potential, a strong track record in the property sector, and exposure to Singapore’s stable and growing real estate market. The company’s international expansion and portfolio optimisation further support long-term value. For those with a mid- to long-term horizon, riding the ongoing recovery and market upside could be sensible based on recent data.
Are City Developments shares eligible for tax incentives or special schemes in Singapore?
In Singapore, dividends from City Developments are distributed under the “one-tier” tax system, meaning they are exempt from further tax for shareholders. There are no special savings schemes or tax shelters like PEA or ISA for local stocks in the SG market, but investors benefit from no capital gains tax and no additional withholding on dividends, making City Developments attractive from a tax perspective.
What is the latest dividend for City Developments stock?
City Developments currently pays a dividend. The most recent dividend was S$0.08 per share, reflecting a yield of approximately 1.86%, with the last payment occurring in 2025. The company is known for a consistent dividend payout policy, though yields have remained moderate as City Developments reinvests for growth. Over the past years, dividend payments have shown stability, suitable for investors seeking regular, although not high, income.
What is the forecast for City Developments stock in 2025, 2026, and 2027?
Based on the latest price of S$5.39, projected values are S$7.01 by end 2025, S$8.09 by end 2026, and S$10.78 by end 2027. This outlook considers ongoing sector recovery, positive analyst consensus, and the company's expanding property portfolio in Singapore and internationally. City Developments continues to benefit from resilient local demand and sector-wide growth incentives.
Should I sell my City Developments shares?
Holding City Developments shares may be appropriate for many investors given the current fundamentals and strategic direction. The stock offers attractive valuation potential, a strong track record in the property sector, and exposure to Singapore’s stable and growing real estate market. The company’s international expansion and portfolio optimisation further support long-term value. For those with a mid- to long-term horizon, riding the ongoing recovery and market upside could be sensible based on recent data.
Are City Developments shares eligible for tax incentives or special schemes in Singapore?
In Singapore, dividends from City Developments are distributed under the “one-tier” tax system, meaning they are exempt from further tax for shareholders. There are no special savings schemes or tax shelters like PEA or ISA for local stocks in the SG market, but investors benefit from no capital gains tax and no additional withholding on dividends, making City Developments attractive from a tax perspective.