City Dev stock: CIMB sets SGD 12.54 target for City Developments stock

Published on 10/22/2026 at 20:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CDL secured 80 percent of the SGD 906.70 million Amber Park site on October 5, 2026. City Developments stock costs EUR 4.86 on October 22, 2026.

Analyst target and property deal

CIMB set a SGD 12.54 target for City Developments stock on October 22, 2026.
City Developments secured 80 percent of the SGD 906.70 million Amber Park project on October 5, 2026.
City Developments stock costs EUR 4.86 at Lang & Schwarz on October 22, 2026 at 7:50 p.m. CEST.
First-half 2026 revenue rose 61.10 percent to SGD 2.72 billion.

City Dev, SG1R89002252, Illustration mit AI erstellt.

City Developments Limited (SG1R89002252) received a SGD 12.54 target from CIMB on October 22, 2026, after the developer secured an 80 percent stake in the SGD 906.70 million Amber Park project. The stock costs EUR 4.86 at Lang & Schwarz on October 22, 2026 at 7:50 p.m. CEST.

Amber Park expands the pipeline

According to The Edge, CDL and Hong Realty will redevelop the Amber Road site into 800 condominium units. CDL will hold 80 percent, while Hong Realty will hold 20 percent. The transaction gives the developer another Singapore residential project after a competitive tender involving eight submissions.

Revenue rose 61.10 percent

City Developments reported SGD 2.72 billion of revenue for the first half of 2026, up 61.10 percent year over year, while profit attributable to shareholders rose 230.70 percent to SGD 301.60 million. Phillip Securities Research said property development revenue increased 166.00 percent and hotel operations moved from a pre-tax loss of SGD 84.40 million in the first half of 2025 to a pre-tax profit of SGD 42.00 million in the first half of 2026.

What does the target mean for valuation?

CIMB's SGD 12.54 target stood 79.14 percent above the SGD 7.00 Singapore quote recorded at 5:06 p.m. SGT on October 22, 2026. The stock's 52-week range was SGD 6.93 to SGD 10.09, with a market capitalization of SGD 6.3 billion and a trailing P/E ratio of 7.69.

Dates and risks for investors

The company's investor-relations page lists the September 28, 2026 GET+ strategy announcement and the October 4, 2026 update on Lucerne Grand sales. City Developments said the group operates across residential, commercial, hospitality and fund management businesses. Phillip Securities Research identified higher net gearing as a risk, rising from 71 percent in fiscal year 2025 to 75 percent in the first half of 2026.

Stock price and market position

City Developments' Singapore quote was SGD 7.00 on October 22, 2026 at 5:06 p.m. SGT. The day volume was 1,021,500 shares, and the dividend yield was 4.00 percent.

The stock costs EUR 4.86 at Lang & Schwarz on October 22, 2026 at 7:50 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of City Dev stock.