DBS keeps SGD 12.00 target for City Developments stock

City Developments (SG1R89002252) had a SGD 6.4 billion market value on October 23, 2026, giving investors a current measure of the Singapore property developer. On October 1, 2026, VnExpress reported that DBS Group Research kept a Buy rating and a SGD 12.00 target for City Developments. City Developments stock was trading at EUR 4.99 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

DBS target leaves a wide gap

The DBS target stood 68.30 percent above the latest Singapore Exchange price of SGD 7.13 on October 23, 2026 at 5:08 p.m. SGT. VnExpress also cited Citi Research at SGD 11.53 and RHB at SGD 11.20, showing that the broker targets remained well above the market quotation.

The same report said City Developments had set a three-year plan to raise SGD 6.0 billion through property and hotel divestments. It also described planned investments of SGD 5.0 billion across four sectors, including residential, commercial, hospitality and living.

Range spans SGD 6.93 to 10.09

The Singapore Exchange quotation stood 2.81 percent above its prior session close of SGD 6.93 on October 23, 2026. The 52-week range was SGD 6.93 to SGD 10.09, placing the stock 29.34 percent below its yearly high. Trading volume reached 2,090,100 shares.

For valuation, City Developments carried a price-to-earnings ratio of 7.84 on October 23, 2026. Its reported market capitalization was SGD 6.4 billion on the same date, while its primary listing is on the Singapore Exchange under ticker C09.

Strategy sets measurable targets

In its September 28, 2026 strategic review, City Developments outlined a target of SGD 10.0 billion in assets under management by fiscal year 2029. MarketScreener reported that the plan also includes a minimum 35 percent annual dividend payout ratio and a net gearing target of 55 percent by fiscal year 2029.

Those targets make capital recycling and balance-sheet execution central to the investment case. The current valuation therefore sits alongside a broker target that is substantially higher than the latest Singapore quotation.

Price and valuation in view

City Developments stock was trading at EUR 4.99 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. The primary listing on the Singapore Exchange was last at SGD 7.13 on October 23, 2026 at 5:08 p.m. SGT.

The further course of trading is shown by the continuously updated real-time quote of City Dev stock.

Market context: Market report.

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