City Developments Limited (C09) released its operational update on Nov, 17 2025, detailing activities for the quarter ended Sep, 30 2025.

In Singapore, the developer and its joint-venture partners sold 88 residential units during Q3 2025, generating 313.2 million Singapore dollars in sales value. For the first nine months of 2025, 990 units were sold for 2.5 billion Singapore dollars.

The group’s Singapore office portfolio recorded a committed occupancy of 97.3% as at Sep, 30 2025, while its retail portfolio stood at 96.9%.

Within its global hotel division, revenue per available room (RevPAR) for the nine-month period slipped 0.3% year-on-year to 165.8 Singapore dollars.

Net gearing was reported at 69% after factoring in fair-value adjustments on investment properties. Cash reserves totalled 2.5 billion Singapore dollars, and available undrawn committed bank facilities amounted to 4.3 billion Singapore dollars.

Capital recycling efforts continued with the disposal of Piccadilly Galleria for 65.46 million Singapore dollars on Nov, 7 2025.

The company stated that it maintains a healthy debt-expiry profile and sees no material concerns over meeting near-term obligations.