SGX:C09Real Estate
How Strong Newport Residences Launch Sales At City Developments (SGX:C09) Has Changed Its Investment Story
City Developments Limited recently reported that 57% of units at its newly launched Newport Residences freehold project were sold quickly, with 139 of 246 units taken up and sea-facing two-bedroom apartments fully booked, underscoring firm buyer interest in this central business district location near the Greater Southern Waterfront.
This strong take-up, ahead of the company’s unaudited full-year 2025 results due on February 27, puts additional focus on how its project pipeline, margins, and...