India, May 20 -- City Developments Limited (CDEVY) on Wednesday said its Singapore property development business remained resilient in the first quarter of 2026, although sales declined from the prior year due to fewer large-scale project launches.
In Singapore, the group and its joint venture associates sold 242 units with a sales value of S$609.6 million in the quarter, compared with 795 units worth S$1.900 billion a year earlier.
Sales in the latest quarter were mainly driven by the launch of the 246-unit Newport Residences project in January 2026.
The company plans to launch the 570-unit Lucerne Grand project near Jurong Lake Gardens in the third quarter of 2026.
In China, the group's subsidiary CDL China Limited and its joint ventu...