0531 GMT - City Developments shares could rise if its end-January residential project launch in Singapore's core central region sells well, says DBS Group Research's Tabitha Foo in a note. Sales performance in the region has generally been mixed, but this project is "highly anticipated" given it was postponed for a few years. The project getting a 30%-40% sell-through rate at launch could be "very healthy," she says. Strong sell-through rates for launches enhance income visibility and are catalysts for shares, she adds. The analyst expects the project--redeveloped from a long-time asset--could have higher-than-usual margins at over 20%, which could lift the property developer's revalued net asset value by 3%-4%. DBS maintains its buy rating and S$11.80 target price. Shares rise 0.4% to S$9.08. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 20, 2026 00:31 ET (05:31 GMT)

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