Real Estate Development: 45%
Hospitality: 30%
Asset Management: 15%
Other Services: 10%

TOP 3 Markets:

1. Singapore: 40%
2. China: 25%
3. United Kingdom: 15%

City Developments Limited (CDL) generates the majority of its revenue from real estate development, followed by hospitality and asset management. Singapore remains the most important market for CDL, attributed to its strong presence and extensive portfolio in the domestic market. China and the United Kingdom are also significant markets that have gained importance through strategic investments and expansions in these regions.

Production Sites: Singapore, China, United Kingdom, Australia

City Developments Limited (CDL) is primarily active in the real estate sector and develops, owns, and manages real estate projects worldwide. The company does not have traditional production facilities as it does not manufacture physical products in the traditional sense. Instead, CDL focuses on the development of residential, commercial, and hotel properties in various countries.

The main markets for their real estate projects are Singapore, China, the United Kingdom, and Australia. CDL develops its projects in these countries, with Singapore playing a central role as its home market.

Strategy for Future Growth:

1. Diversification and Expansion: City Developments Limited (CDL) focuses on geographical diversification by expanding its presence in international markets. New projects are being developed, particularly in the Asia-Pacific region and Europe.

2. Sustainability and Green Building Projects: CDL places great emphasis on sustainable development and invests in green building projects. The company is committed to reducing its CO2 emissions and promoting environmentally friendly construction practices.

3. Technological Innovation: The implementation of new technologies, especially in the field of smart building technologies, is another key focus. This is intended to increase efficiency and enhance the value of the properties.

CDL pursues a strategy aimed at long-term growth through diversification, sustainability, and technological innovation. These measures are intended to make the company more resilient to market fluctuations and open up new sources of revenue.

Main raw materials: Steel, concrete, glass, wood

Countries of origin:

• Steel: China, South Korea
• Concrete: Malaysia, Indonesia
• Glass: Japan, Germany
• Wood: Canada, New Zealand

City Developments Limited (CDL) imports a variety of raw materials necessary for the construction and development of their real estate projects. Steel and concrete are the main components for the structural integrity of the buildings and are mainly sourced from Asian neighboring countries such as China, South Korea, Malaysia, and Indonesia. Glass is often imported from Japan and Germany, as these countries are known for their high-quality glass products. Wood is imported from Canada and New Zealand, known for sustainable forestry practices and high-quality wood.

These import strategies enable CDL to source high-quality materials at competitive prices while ensuring the sustainability and environmental friendliness of their projects.

Market share in Singapore: 20% (2024, estimated)
Real estate portfolio value: SGD 24 billion (2024)
Diversification into international markets: 30% of the portfolio outside Singapore (2024)

City Developments Limited (CDL) has a significant competitive advantage that manifests through several factors. Firstly, the company holds a considerable market share in the domestic market of Singapore, attributed to a strong brand presence and an extensive real estate portfolio. The estimated 20% market share in Singapore underscores CDL's leading position in one of the most competitive real estate markets in Asia.

Secondly, CDL has successfully diversified into international markets, with approximately 30% of its portfolio located outside Singapore. This geographical diversification enables the company to benefit from growth opportunities in different regions and to spread the risk associated with dependence on a single market.

Furthermore, CDL continuously invests in sustainable and innovative construction projects, not only increasing the value of its properties but also enhancing its competitiveness in an increasingly environmentally conscious market environment. These strategic initiatives help solidify and secure CDL's competitive advantage in the long term.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

City Developments Limited (CDL) traditionally has a high proportion of institutional investors, who hold about 45% of the shares. This reflects the confidence of institutional investors in the company's long-term strategy and stability.

There were no significant insider transactions in the last quarter, indicating a stable assessment of the company's value by management. Such transactions are often seen as an indicator of management's expectations regarding the company's future development.

Market share of City Developments Limited (CDL): Estimated 12% (2025)

Top competitors and their market shares:

1. CapitaLand Group: 15%
2. Frasers Property: 10%
3. UOL Group: 9%
4. Keppel Land: 8%
5. Mapletree Investments: 7%
6. GuocoLand: 6%
7. Oxley Holdings: 5%
8. Wing Tai Holdings: 4%
9. Bukit Sembawang Estates: 3%
10. Ho Bee Land: 2%

City Developments Limited (CDL) is one of the leading real estate developers in Singapore and holds a significant market share of approximately 12%. The largest competitor, CapitaLand Group, has a market share of 15% and is known for its extensive presence in Asia.

CDL's moat is based on its strong brand recognition, diversified portfolio, and solid financial foundation. The company has a long history and experience in developing high-quality real estate projects, giving it a certain competitive advantage.

However, some competitors, especially CapitaLand and Frasers Property, also have strong moats due to their extensive international networks and diversified business models. These companies have strengthened their market position through strategic acquisitions and partnerships, providing strong competition.

Overall, CDL has a respectable moat, but the competition is strong, and some competitors may have advantages in certain areas, especially in international expansion and diversification.

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) Real Estate Portfolio Appreciation: 5% (2024)

City Developments Limited (CDL) recorded a solid revenue growth of 8% in 2024, attributed to strong demand in its core markets and successful project developments. The 10% profit growth indicates that the company was able to effectively manage its operating costs and increase profitability.

CDL's real estate portfolio experienced a 5% appreciation in 2024. This suggests that the company has benefited from a positive trend in the real estate market, which could have a long-term positive impact on its balance sheet.

In addition, CDL has expanded its international presence in recent years and invested in sustainable construction projects, positioning the company well for future growth. These strategic initiatives have the potential to further increase the company's value.

Overall, CDL's financial and strategic development suggests that the stock could represent an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 3.5% (2024) Dividend History: Consistent payout over the last 5 years

City Developments Limited (SGX:C09) regularly pays dividends to its shareholders. The dividend yield was approximately 3.5% in 2024. Over the past five years, the company has pursued a reliable dividend policy, indicating a stable financial foundation and a solid business model.

The reliability of dividend payments is supported by the company's continuous profitability and strategic direction. City Developments has demonstrated in the past its ability to distribute dividends even in challenging market conditions.