City Developments Limited Maintains Steady Expansion With Robust Q3 Sales Across Multiple Markets

City Developments Limited (CDEVY) demonstrated solid financial performance in the third quarter of 2025, bolstered by accelerating property transactions and consistent occupancy metrics throughout its diversified real estate portfolio. The company’s unwavering momentum reflects strengthened market conditions and sustained investor confidence in its development pipeline.

Residential Sales Surge Drives Growth

The residential segment emerged as a key growth driver, with The Orie project capturing significant market demand in Singapore. CDEVY successfully moved 88 units during the quarter, generating $313.2 million in revenue. Accumulating results from the year’s first nine months paint an even more impressive picture, with the company reaching 990 unit sales totaling $2.5 billion—underscoring a steady upward trajectory in residential demand.

Expanding Development Pipeline

The company is poised for continued growth through strategic land acquisitions, which will introduce over 700 Executive Condominium units into its development portfolio. This expansion signals CDEVY’s commitment to capitalizing on sustained housing demand and diversifying its residential offerings across Singapore’s market segments.

Mixed Performance in Commercial and Hospitality Segments

City Developments’ commercial real estate portfolio maintained steady occupancy levels across office and retail properties in Singapore. However, the hospitality division presented a more complex picture, with European and Australasian operations delivering gains that were partially offset by softening performance in Asian markets. This geographic variance reflects broader regional economic dynamics affecting the hospitality sector.

Market Performance

CDEVY shares traded at $5.79 on OTC Markets, reflecting a modest gain of $0.06 or 1.05 percent, indicating steady investor sentiment toward the company’s operational achievements and growth prospects.