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No financial information was provided in City Developments' 1Q26 operational update. The ultra-luxury freehold Newport Residences, launched in January 2026, is 78% sold to date (57% sold on launch weekend), while other projects, including The Orie, The Myst, Zyon Grand, and Norwood Grand, continue to see strong sales momentum.
- - Read this at SGinvestors.io -
The Positives
Strong take-up across launched projects.
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In 1Q26, City Developments and its JV associates sold 242 units worth S$609.6mil (1Q25: 795 units, S$1.9bn). Sales were mainly driven by Newport Residences, which is now 78% sold. The y-o-y decline was largely due to the high base in 1Q25, which benefited from the launch of The Orie, a 777-unit development that achieved an 86% take-up over its launch weekend. Other projects, including The Myst, Zyon Grand and Norwood Grand, are also more than 88% sold.
- - Read this at SGinvestors.io -
- the removal of the Deferred Payment Scheme (DPS); and
- the increase of the first-timer quota to 90% and extension of the first-timer priority period for new EC units to 2 years.
Resilient hotel operations despite the Middle East conflict.
- Read more at SGinvestors.io.
