- The Orie, launched in January 2025, has seen strong demand with 91% of its 777 units sold to date. Other projects continue to sell well, with Lumina Grand, Tembusu Grand, and The Myst 98%, 93%, and 82% sold to date, respectively.
- No financial information was provided in this operational update.
- - Read this at SGinvestors.io -
The Positives
Property development sales surged in 1Q25.
- City Developments and its JV associates sold 795 units with a total sales value of S$1.9bn, up 85% in volume and 155% in value y-o-y (1Q24: 429 units, S$736.8mil in value). The spike was driven by the launch of The Orie in January 2025, which has sold 91% of its units to date.
- - Read this at SGinvestors.io -
Portfolio RevPAR rose 1.2% y-o-y to S$139.7 in 1Q25, supported by growth across most regions despite the high base in Singapore.
- Read more at SGinvestors.io.
