City Developments - OCBC Investment Research 2025-05-21: Some Encouraging Signs From 1Q25 Updates

• City Developments (SGX:C09) provided a business update for 1Q25.

Robust uplift in 1Q25 residential sales in Singapore.

• For its property development segment, City Developments and its joint ventures (JV) and associates sold 795 units with a total sales value of S$1.9b in 1Q25, with the latter representing an increase of 155% y-o-y (volume rose 85%), thanks in part to the successful launch of The Orie project in Toa Payoh (668 units, or 86% sold on launch weekend at S$2,704 per square foot (psf)).
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Resilient operating metrics for investment properties portfolio in Singapore.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-02-27 City Developments - Muted Results & Potential Share Price Overhang.

Price targets by 2 other brokers at City Developments Target Prices.

Listing of research reports at City Developments Analyst Reports.

Relevant links:
City Developments Share Price History,
City Developments Announcements,
City Developments Dividend Payout Dates & Corporate Actions,
City Developments News