City Developments (C09.SI) Stock Price

City Developments Price

SGX·CLOSED
8.25SGD+0.14 (+1.71 %)
Market closed

Over the last 19 years City Developments grew revenue by 1.8% annually, reaching 3.59 B SGD. Earnings per share have grown at 3.6% per year over the last 19 years. For City Developments, the net margin of 17.3% is up versus 2.7% a few years ago. At today's price the dividend yield works out to roughly 1.33%. The payout ratio is around 16% of earnings. The consensus 12-month price target for City Developments is 11.42 SGD, about 38.5% above where the stock trades today. Of 17 analysts, 11 rate the stock a buy — an overall Buy consensus. The stock trades about 24% above its 52-week low.

City Developments stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of City Developments over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how City Developments stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing City Developments's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

City Developments Stock Price History
DateCity Developments Price
8/21/20268.25 SGD
8/20/20268.11 SGD
8/19/20268.13 SGD
8/18/20268.10 SGD
8/17/20268.06 SGD
8/14/20268.12 SGD
8/13/20268.35 SGD
8/12/20267.86 SGD
8/11/20267.75 SGD
8/7/20267.78 SGD
8/6/20267.77 SGD
8/5/20267.86 SGD
8/4/20267.88 SGD
8/3/20267.81 SGD
7/31/20267.84 SGD
7/30/20267.81 SGD
7/29/20267.65 SGD
7/28/20267.55 SGD
7/27/20267.53 SGD
7/24/20267.48 SGD
7/23/20267.71 SGD
7/22/20267.76 SGD
7/21/20267.83 SGD
7/20/20267.65 SGD
7/17/20267.70 SGD
7/16/20267.79 SGD
7/15/20267.74 SGD
7/14/20267.67 SGD
7/13/20267.76 SGD
7/10/20267.95 SGD
7/9/20267.81 SGD
7/8/20267.85 SGD
7/7/20267.95 SGD
7/6/20267.91 SGD
7/3/20267.78 SGD
7/2/20267.68 SGD
7/1/20267.64 SGD
6/30/20267.77 SGD
6/29/20267.86 SGD
6/26/20267.86 SGD
6/25/20267.94 SGD
6/24/20268.03 SGD
6/23/20268.01 SGD
6/22/20268.06 SGD
6/19/20268.32 SGD
6/18/20268.37 SGD
6/17/20268.53 SGD
6/16/20268.56 SGD
6/15/20268.53 SGD
6/12/20268.31 SGD
6/11/20268.20 SGD
6/10/20268.28 SGD
6/9/20268.24 SGD
6/8/20268.21 SGD
6/5/20268.40 SGD
6/4/20268.39 SGD
6/3/20268.40 SGD
6/2/20268.44 SGD
5/29/20268.47 SGD
5/28/20268.43 SGD
5/26/20268.32 SGD
5/25/20268.43 SGD
5/22/20268.24 SGD
5/21/20268.23 SGD
5/20/20268.08 SGD
5/19/20268.22 SGD
5/18/20267.84 SGD
5/15/20267.86 SGD
5/14/20267.98 SGD
5/13/20268.11 SGD
5/12/20268.13 SGD
5/11/20268.11 SGD
5/8/20268.26 SGD
5/7/20268.33 SGD
5/6/20268.25 SGD
5/5/20268.18 SGD
5/4/20268.23 SGD
4/30/20268.16 SGD
4/29/20268.49 SGD
4/28/20268.41 SGD
4/27/20268.44 SGD
4/24/20268.51 SGD
4/23/20268.65 SGD
4/22/20268.77 SGD
4/21/20268.82 SGD
4/20/20268.73 SGD
4/17/20268.38 SGD
4/16/20268.36 SGD
4/15/20268.38 SGD
4/14/20268.43 SGD
4/13/20268.38 SGD
4/10/20268.42 SGD
4/9/20268.44 SGD
4/8/20268.59 SGD
4/7/20268.25 SGD
4/6/20268.36 SGD
4/2/20268.20 SGD
4/1/20268.34 SGD
3/31/20268.21 SGD
3/30/20268.33 SGD
3/27/20268.38 SGD
3/26/20268.28 SGD
3/25/20268.45 SGD
3/24/20268.38 SGD
3/23/20268.20 SGD
3/20/20268.42 SGD
3/19/20268.53 SGD
3/18/20268.83 SGD
3/17/20268.60 SGD
3/16/20268.60 SGD
3/13/20269.03 SGD
3/12/20269.10 SGD
3/11/20269.12 SGD
3/10/20269.17 SGD
3/9/20268.86 SGD
3/6/20269.16 SGD
3/5/20269.34 SGD
3/4/20269.16 SGD
3/3/20269.43 SGD
3/2/20269.48 SGD
2/27/20269.82 SGD
2/26/20269.36 SGD
2/25/20269.96 SGD
2/24/202610.00 SGD
2/23/20269.84 SGD
2/20/20269.77 SGD
2/19/20269.85 SGD
2/16/20269.68 SGD
2/13/20269.71 SGD
2/12/20269.81 SGD
2/11/20269.79 SGD
2/10/20269.80 SGD
2/9/20269.77 SGD
2/6/20269.57 SGD
2/5/20269.63 SGD
2/4/20269.52 SGD
2/3/20269.54 SGD
2/2/20269.37 SGD
1/30/20269.28 SGD
1/29/20269.34 SGD
1/28/20269.34 SGD
1/27/20269.44 SGD
1/26/20269.17 SGD
1/23/20269.21 SGD
1/22/20269.30 SGD
1/21/20269.06 SGD
1/20/20269.10 SGD
1/19/20269.04 SGD
1/16/20269.16 SGD
1/15/20268.95 SGD
1/14/20268.98 SGD
1/13/20268.93 SGD
1/12/20268.88 SGD
1/9/20268.87 SGD
1/8/20268.87 SGD
1/7/20268.74 SGD
1/6/20268.39 SGD
1/5/20268.26 SGD
1/2/20268.02 SGD
12/31/20258.00 SGD
12/30/20257.98 SGD
12/29/20257.99 SGD
12/26/20257.96 SGD
12/24/20258.05 SGD
12/23/20258.06 SGD
12/22/20258.00 SGD
12/19/20257.98 SGD
12/18/20257.67 SGD
12/17/20257.62 SGD
12/16/20257.50 SGD
12/15/20257.36 SGD
12/12/20257.34 SGD
12/11/20257.21 SGD
12/10/20257.18 SGD
12/9/20257.23 SGD
12/8/20257.21 SGD
12/5/20257.28 SGD
12/4/20257.32 SGD
12/3/20257.31 SGD
12/2/20257.29 SGD
12/1/20257.20 SGD
11/28/20257.23 SGD
11/27/20257.30 SGD
11/26/20257.26 SGD
11/25/20257.09 SGD
11/24/20257.08 SGD
11/21/20257.08 SGD
11/20/20257.31 SGD
11/19/20257.22 SGD
11/18/20257.20 SGD
11/17/20257.31 SGD
11/14/20257.35 SGD
11/13/20257.43 SGD
11/12/20257.41 SGD
11/11/20257.31 SGD
11/10/20257.10 SGD
11/7/20257.10 SGD
11/6/20257.10 SGD
11/5/20257.00 SGD
11/4/20257.08 SGD
11/3/20257.19 SGD
10/31/20257.23 SGD
10/30/20257.36 SGD
10/29/20257.43 SGD
10/28/20257.46 SGD
10/27/20257.47 SGD
10/24/20257.37 SGD
10/23/20257.30 SGD
10/22/20257.21 SGD
10/21/20257.06 SGD
10/17/20256.97 SGD
10/16/20257.10 SGD
10/15/20257.01 SGD
10/14/20257.02 SGD
10/13/20257.10 SGD
10/10/20257.06 SGD
10/9/20257.09 SGD
10/8/20257.15 SGD
10/7/20257.13 SGD
10/6/20257.18 SGD
10/3/20257.18 SGD
10/2/20257.01 SGD
10/1/20256.93 SGD
9/30/20256.92 SGD
9/29/20256.87 SGD
9/26/20256.83 SGD
9/25/20256.80 SGD
9/24/20256.96 SGD
9/23/20256.80 SGD
9/22/20256.81 SGD
9/19/20256.73 SGD
9/18/20256.76 SGD
9/17/20256.75 SGD
9/16/20256.78 SGD
9/15/20256.78 SGD
9/12/20256.82 SGD
9/11/20256.76 SGD
9/10/20256.67 SGD
9/9/20256.71 SGD
9/8/20256.75 SGD
9/5/20256.68 SGD
9/4/20256.63 SGD
9/3/20256.70 SGD
9/2/20256.71 SGD
9/1/20256.78 SGD
8/29/20256.80 SGD
8/28/20256.75 SGD
8/27/20256.78 SGD
8/26/20256.86 SGD
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City Developments Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
2.63 B SGD
261.93 M SGD
71.81 M SGD
Jan 1, 2022
3.29 B SGD
255.32 M SGD
1.27 B SGD
Jan 1, 2023
4.94 B SGD
779.48 M SGD
305.06 M SGD
Jan 1, 2024
3.27 B SGD
558.80 M SGD
190.85 M SGD
Jan 1, 2025
3.59 B SGD
993.82 M SGD
620.28 M SGD
Jan 1, 2026 (e)
4.29 B SGD
750.49 M SGD
430.27 M SGD
Jan 1, 2027 (e)
4.69 B SGD
820.53 M SGD
497.36 M SGD
Jan 1, 2028 (e)
4.76 B SGD
832.59 M SGD
513.36 M SGD

City Developments Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 26, 2026, 12:23 AM
 
REVENUEB SGD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB SGD
EBITB SGD
EBIT MARGIN%
NET INCOMEB SGD
NET INCOME GROWTH%
DIV.SGD
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
3.163.763.303.913.834.223.432.112.633.294.943.273.594.294.694.76
-5.7019.01-12.2018.19-1.9510.26-18.81-38.5124.5325.4550.05-33.809.6619.519.331.47
50.9843.3750.1244.9943.9845.3347.7839.2837.2237.8433.3544.6740.7940.7940.7940.79
1.611.631.661.761.681.911.640.830.981.251.651.461.461.751.911.94
0.680.770.790.880.821.030.64-0.490.260.260.780.560.990.750.820.83
21.4720.3823.8522.4621.3124.4718.76-23.439.947.7415.7717.0627.6817.4917.5017.49
0.670.760.760.640.510.540.55-1.930.071.270.310.190.620.430.500.51
0.7512.840.53-15.79-20.476.881.29-450.27-103.681,691.55-76.02-37.70226.32-30.6515.583.22
0.160.120.120.120.120.140.140.160.110.200.120.100.110.500.500.50
100.00-25.00–––16.67–14.29-31.2581.82-40.00-16.6710.00354.55––
953.90954.30954.30954.30954.30953.58951.90906.90906.90906.90906.90896.87893.40893.40893.40893.40
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales City Developments generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue City Developments retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare City Developments's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares City Developments has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against City Developments's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

City Developments stock margins

The City Developments margin analysis displays the gross margin, EBIT margin, as well as the profit margin of City Developments. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for City Developments.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
37.23 %
9.98 %
2.73 %
Jan 1, 2022
37.86 %
7.75 %
38.64 %
Jan 1, 2023
33.36 %
15.78 %
6.17 %
Jan 1, 2024
44.69 %
17.08 %
5.83 %
Jan 1, 2025
40.79 %
27.71 %
17.29 %
Jan 1, 2026 (e)
40.79 %
17.50 %
10.04 %
Jan 1, 2027 (e)
40.79 %
17.50 %
10.61 %
Jan 1, 2028 (e)
40.79 %
17.50 %
10.79 %

City Developments Stock Revenue, EBIT, Earnings per Share

The City Developments earnings per share therefore indicates how much revenue City Developments has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
2.90 SGD
0.29 SGD
0.08 SGD
Jan 1, 2022
3.63 SGD
0.28 SGD
1.40 SGD
Jan 1, 2023
5.45 SGD
0.86 SGD
0.34 SGD
Jan 1, 2024
3.65 SGD
0.62 SGD
0.21 SGD
Jan 1, 2025
4.02 SGD
1.11 SGD
0.69 SGD
Jan 1, 2026 (e)
4.80 SGD
0.84 SGD
0.48 SGD
Jan 1, 2027 (e)
5.25 SGD
0.92 SGD
0.56 SGD
Jan 1, 2028 (e)
5.32 SGD
0.93 SGD
0.57 SGD

City Developments business model & stock analysis

City Developments Ltd. (CDL) is a leading company in the real estate industry based in Singapore. Since its establishment in 1963, the company has become one of the largest real estate developers in the Asia-Pacific region. CDL's history dates back to 1963 when it was founded by Kwek Hong Png, a pioneer in real estate development in Singapore. In its early years, CDL focused on building residential properties in Singapore before expanding into the commercial real estate sector in the late 1970s. Since then, the company has grown into an international real estate conglomerate through expansion into other regions such as China, Japan, the United Kingdom, Australia, and the United States. CDL offers a wide range of real estate services including development, construction, leasing, sales, management, and investment. CDL's business model is based on the development and management expertise of high-quality residential and commercial properties, as well as the integration of environmental and sustainability initiatives into its business processes. CDL has strongly focused on a sustainability strategy that includes environmental, social, and governance (ESG) factors. The different divisions of CDL encompass residential projects, commercial projects, hotels and resorts, and asset management. The company has received numerous awards in the industry and is known for its innovative and high-quality projects. In the residential real estate sector, CDL has developed a wealth of projects including mass housing projects, upscale apartments, and luxury villas. CDL has also invested in joint ventures with other developers to strengthen its presence in other countries such as China and Australia. In 2019, CDL received the Green Mark Champion Award for its commitment to sustainable buildings. In the commercial projects sector, CDL has developed a range of office and retail properties, including Republic Plaza, the largest office building in Singapore, and City Square Mall, a shopping center in Singapore. CDL is also involved in the hotels and resorts sector, including Millennium Hotels and Resorts, an international hotel management company with a presence in Asia, Europe, the United States, and the Middle East. Asset management is another component of the company, with CDL investing in hedge funds, private equity funds, and fixed-income securities. More recently, CDL has also launched initiatives to further strengthen its ESG strategy. These initiatives include the introduction of the "CDL Future Value 2030" plan, which includes a comprehensive ESG strategy, as well as the establishment of a "Green Partnership Fund" focused on investments in sustainable buildings. In summary, CDL is one of the leading companies in the real estate industry, distinguished by its commitment to sustainability and its ability to develop first-class real estate projects. It will be interesting to see how the company continues to evolve in the coming years as it focuses on establishing new partnerships and expanding its ESG initiatives.

City Developments SWOT Analysis

Strengths

City Developments Ltd (CDL) has a strong reputation in the real estate industry, with more than 55 years of experience and a track record of successful developments.

CDL possesses a diverse portfolio of properties, including residential, commercial, and hospitality assets, which provides stability and opportunities for revenue growth.

The company has a strong financial position and access to capital, allowing it to pursue investment opportunities and expand its business.

Weaknesses

CDL's dependence on the real estate market makes it vulnerable to fluctuations in the economy, interest rates, and government policies.

The company's heavy reliance on the Singapore market exposes it to local market risks, including oversupply and competition from other developers.

CDL faces challenges in managing and maintaining its extensive property portfolio, which requires constant attention to upkeep, renovation, and tenant management.

Opportunities

CDL has opportunities to expand its presence in international markets, particularly in the rapidly growing Asian economies.

The company can benefit from the increasing demand for sustainable and green buildings, as it has already made significant investments in eco-friendly projects.

CDL can leverage advancements in technology to improve its construction process, property management, and customer experience.

Threats

Economic downturns and market uncertainties pose threats to CDL's profitability, as they can lead to reduced demand for properties and lower rental yields.

Intense competition in the real estate industry, both domestically and internationally, can limit CDL's growth potential and market share.

CDL faces regulatory risks, such as changes in government policies and regulations that may impact its operations and profitability.

City Developments Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

City Developments historical P/E ratio, EBIT multiple, and P/S ratio

City Developments annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

City Developments shares outstanding

The number of shares of City Developments was 893.4 M in 2025. This indicates how many shares City Developments is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
906.90 M Stocks
Jan 1, 2022
906.90 M Stocks
Jan 1, 2023
906.90 M Stocks
Jan 1, 2024
896.87 M Stocks
Jan 1, 2025
893.40 M Stocks
Jan 1, 2026 (e)
893.40 M Stocks
Jan 1, 2027 (e)
893.40 M Stocks
Jan 1, 2028 (e)
893.40 M Stocks

City Developments stock splits

In City Developments's history, there have been no stock splits.

City Developments Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.25SGDYTD—1×
Apr 30, 20260.25SGD↑ 733.3%1/1
20250.11SGD↑ 10.0%2×
May 2, 20250.08SGD↑ 300.0%1/2
Aug 19, 20250.03SGD↓ 62.5%2/2
20240.10SGD↓ 16.7%2×
20230.12SGD↓ 40.0%2×
20220.20SGD↑ 81.8%2×
20210.11SGD↑ 37.5%2×
20200.08SGD↓ 42.9%1×
20190.14SGD 0.0%2×
20180.14SGD↑ 16.7%2×
20170.12SGD 0.0%2×

City Developments dividend history and estimates

In 2025, City Developments paid a dividend amounting to 0.11 SGD. Dividend means that City Developments distributes a portion of its profits to its owners.

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  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
0.11 SGD
0.00 SGD
0.03 SGD
Jan 1, 2022
0.20 SGD
0.00 SGD
0.12 SGD
Jan 1, 2023
0.12 SGD
0.00 SGD
0.04 SGD
Jan 1, 2024
0.10 SGD
0.00 SGD
0.02 SGD
Jan 1, 2025
0.11 SGD
0.00 SGD
0.00 SGD
Jan 1, 2026 (e)
0.25 SGD
0.25 SGD
0.00 SGD
Jan 1, 2027 (e)
0.00 SGD
0.50 SGD
0.00 SGD
Jan 1, 2028 (e)
0.00 SGD
0.50 SGD
0.00 SGD

City Developments dividend payout ratio

In 2025, City Developments had a payout ratio of 15.84%. The payout ratio indicates the percentage of the company's profits that City Developments distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
138.89 %
Jan 1, 2022
14.26 %
Jan 1, 2023
35.67 %
Jan 1, 2024
46.99 %
Jan 1, 2025
15.84 %
Jan 1, 2026 (e)
103.82 %
Jan 1, 2027 (e)
89.81 %
Jan 1, 2028 (e)
87.02 %

Current City Developments forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
24.31 %
Buy
64.71 % (11)
Hold
17.65 % (3)
Sell
17.65 % (3)
12M Price Target
11.42
Last Price
8.29
Currency
SGD
12M Return Potential
37.80 %
LTM Return
0 %

City Developments Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/26/20200.14SGD-1.03 BSGD-2019 Q4
11/12/20190.15SGD-877.04 MSGD-2019 Q3
8/8/20190.16SGD-870.67 MSGD-2019 Q2
5/15/20190.14SGD-848.17 MSGD-2019 Q1
2/21/20190.20SGD-927.65 MSGD-2018 Q4
11/8/20180.17SGD-968.22 MSGD-2018 Q3
8/8/20180.20SGD-1.14 BSGD-2018 Q2
5/11/20180.15SGD-911.14 MSGD-2018 Q1
2/28/20180.15SGD-1.22 BSGD-2017 Q4
11/9/20170.13SGD-1.18 BSGD-2017 Q3

EESG©

Eulerpool ESG Scorecard© for the City Developments stock

91/100
99
Environment
99
Social
76
Governance
E

Environment

20
Scope 1 - Direct Emissions217
Scope 2 - Indirect emissions from purchased energy10,774
Scope 3 - Indirect emissions within the value chain4,882
Total CO₂ emissions10,991
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees44
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

City Developments shareholder structure

% Name
1.60510%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.87303%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.83726%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.78015%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.46861%
Amova Asset Management Asia Limited
Amova Asset Management Asia Limited
0.41116%
Schroder Investment Management (Singapore) Ltd.
Schroder Investment Management (Singapore) Ltd.
...

City Developments Beneficial Ownership Filings (SEC 13D/G)

Free Float
50.9%
Float Shares
-
Shares Outstanding
-

City Developments Executives and Management Board

22 members · avg. age 61 · 45 % women

EK

Mr. Eik Tse Kwek (47)

Group Chief Executive Officer, Executive Director · since 2014

3.52 M SGD

Management

YY

Ms. Yim Ming Yiong

Group Chief Financial Officer

–
EK

Mr. Eik Sheng Kwek (42)

Group Chief Operating Officer

–
ML

Ms. Mei Ling Lee

Executive Vice President, Head - Property Development

–
CY

Ms. Callie Yah

Executive Vice President, Head - Global Asset Management

–
IN

Mr. Ivan Ng

Chief Technology Officer

–
GY

Mr. Gerald Yong

Chief Investment Officer

–

Board of Directors

LK

Mr. Leng Beng Kwek (83)

Executive Chairman of the Board · since 1969

6.91 M SGD
JL

Mr. Jee Cheng Lee (64)

Lead Non-Executive Independent Director

302,776.00 SGD
YC

Mr. Yoon Chou Chong (55)

Independent Non-Executive Director

247,000.00 SGD
SC

Ms. Swee Liang Carolina Chan (62)

Independent Non-Executive Director

244,776.00 SGD
LO

Mr. Lian Jin Ong (54)

Independent Non-Executive Director

170,776.00 SGD
TA

Mrs. Tang Ai Ai Wong Ai Ai (59)

Independent Non-Executive Director

147,431.00 SGD

Frequently asked questions about City Developments

City Developments Ltd (CDL) is a renowned real estate company based in Singapore. CDL's business model primarily revolves around property development and investment. The company engages in both residential and commercial projects, including luxury homes, hotels, shopping malls, and office spaces. CDL focuses on creating sustainable and eco-friendly developments, incorporating innovative designs and technologies. With a customer-centric approach, CDL aims to enhance urban living experiences and create vibrant communities. By leveraging their expertise in real estate, CDL strives to deliver value to their stakeholders and contribute to the overall growth and development of Singapore's property market.

City Developments Ltd is primarily active in the real estate industry.

The main competitors of City Developments Ltd in the market include CapitaLand Limited, Frasers Property Limited, and Keppel Corporation Limited.

City Developments Ltd (CDL) is a renowned and established real estate company in Singapore. Founded in 1963, CDL has a rich history of success and a strong reputation in the industry. The company has been consistently recognized for its contribution to the city's urban landscape and commitment to sustainable development. CDL operates across a wide spectrum of real estate segments, including residential, commercial, hospitality, and integrated developments. Over the years, CDL has expanded its presence internationally, with projects in key global markets. With its strong track record and focus on quality, CDL continues to be a leading player in the real estate industry, delivering value to its stakeholders.

City Developments Ltd (CDL) has achieved numerous significant milestones throughout its history. Established in 1963, CDL has grown to become one of the leading real estate companies in Singapore. Over the years, the company has successfully completed numerous iconic projects, including residential, commercial, and hospitality developments. Some of CDL's notable milestones include the development of South Beach Residences, an integrated development that combines luxury residences, offices, and a hotel. Additionally, CDL has received various prestigious awards for its commitment to sustainability and green initiatives. The company has made significant contributions to the real estate industry, solidifying its position as a key player in Singapore and beyond.

City Developments Ltd is primarily present in various countries and regions around the world. Some of the key locations where the company has a significant presence include Singapore, where it is headquartered, as well as China, Australia, Japan, the United Kingdom, and the United States. With its extensive global reach, City Developments Ltd has established a strong foothold in these markets, contributing to its status as a multinational real estate operating company.

City Developments Ltd is a leading real estate company known for its strong corporate values and philosophy. The company is committed to sustainable development, focusing on environmental, social, and governance aspects. With a track record of delivering quality projects, City Developments Ltd prioritizes innovation, integrity, and excellence in all its business endeavors. The company places great emphasis on stakeholder engagement, working collaboratively with customers, employees, partners, and the wider community. Through its extensive portfolio of residential, commercial, and hospitality properties, City Developments Ltd actively contributes to the growth and prosperity of the communities it serves.

Analysts currently set an average price target of 10.60 SGD for the City Developments stock (median: 11.42 SGD), implying +27.8 % versus the latest price. The consensus is based on 17 analyst ratings.

City Developments Analyst Price Targets 2026

17 analysts currently rate the City Developments stock: 10 recommend buying, 4 holding and 3 selling. For 2026, analysts expect City Developments to generate revenue of 4.29 B SGD and earnings per share of 0.48 SGD.

City Developments Analyst Price Targets 2026

Converted at the current exchange rate, the City Developments share trades at 5.57 EUR (8.25 SGD).

The City Developments share (C09.SI) is listed on 6 stock exchanges, including: Frankfurt (CDE.F), München (CDE.MU), Düsseldorf (CDE.DU).

City Developments Limited (CDL) is a leading real estate and investment company based in Singapore. The company was founded in 1963 and has been listed on the Singapore Exchange since 1973. CDL has become one of the largest developers of real estate projects in Singapore and also operates in other countries such as China, the United Kingdom, Australia, and the United States. CDL's core business is the development of real estate projects, ranging from residential to commercial and retail properties. The company also offers property management and asset management services to ensure the long-term profitability of the developed projects. CDL also emphasizes sustainability and environmental consciousness, and is committed to developing green buildings and promoting environmentally friendly practices in all aspects of its business. Another important business segment of CDL is the hospitality sector. The company owns and operates various hotels in Singapore and other countries, including luxury hotels such as the St. Regis Singapore and the Millennium & Copthorne Hotels in London and New York. CDL also has an investment division and invests in various companies and joint ventures involved in areas such as infrastructure, renewable energy, and technology. This diversification strategy allows CDL to achieve a risk-adjusted return on its investments. In terms of products, CDL offers a wide range of real estate projects, including apartments, condominiums, offices, shopping centers, hotels, and serviced apartments. The projects are often strategically located in desirable areas and offer a variety of amenities nearby, including public transportation, shopping centers, restaurants, and educational institutions. Since 2017, CDL has also introduced a new concept for coworking spaces called "Labs." This concept provides spaces for creatives, entrepreneurs, and startups, and offers access to community events and resources such as conference rooms and IT infrastructure. The company is also a leader in providing housing for the growing number of elderly individuals in Singapore. CDL has partnered with the National Council on Aging to create living environments specifically tailored to the needs of older people. These apartments are equipped with amenities such as special handrails and non-slip flooring. Overall, CDL's business model is diverse and offers a variety of products and services in the real estate sector. This allows the company to maintain a strong presence in the global market, even during times of economic uncertainty. By promoting sustainability and environmental consciousness, the company can also remain competitive and benefit in the long term.

The expected revenue of City Developments is 4.29 B SGD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of City Developments is 430.27 M SGD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of City Developments is currently 17.13. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the City Developments stock.

The price-to-sales ratio (P/S) of City Developments is currently 1.72. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the City Developments stock.

The Eulerpool Quality Score for City Developments is 3/10.

The ISIN of City Developments is SG1R89002252. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of City Developments is 865825. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of City Developments is C09.SI. The ticker symbol is used to trade City Developments shares on the stock exchange.

Over the past 12 months, City Developments paid a dividend of 0.11 SGD . This corresponds to a dividend yield of about 1.33 %. For the coming 12 months, City Developments is expected to pay a dividend of 0.50 SGD.

The current dividend yield of City Developments is 1.33 %.

City Developments pays a dividend, distributed in the months of , , , .

City Developments paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 0.50 SGD are expected. This corresponds to a dividend yield of 6.06 %.

City Developments is assigned to the 'Real Estate' sector.

To receive the latest dividend of City Developments from amounting to 0.25 SGD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, City Developments distributed 0.1 SGD as dividends.

The dividends of City Developments are distributed in SGD.

All fundamentals and in-depth analysis of City Developments

Our stock analysis for City Developments stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of City Developments. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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