Singapore Exchange · Real Estate
Invest in City Developments stock from India
Indian and foreign residents can buy City Developments (C09) shares directly through Paasa.
By Paasa · Updated
City Developments at a glance
- Price
- S$8.26+S$0.04 (0.49%)
- Market cap
- S$7.38B
- Day range
- S$8.16 – S$8.32
- P/E
- 8.88
- Dividend yield
- 3.75%
- Volume
- 1.94M
- 1 month
- -2.13%
- 6 months
- -0.24%
- YTD
- +3.25%
- 1 year
- +20.94%
- 5 years
- +17.00%
City Developments statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | S$3.6B | S$3.3B | S$4.9B | S$3.3B | S$2.6B |
| Gross profit | S$1.5B | S$1.5B | S$1.6B | S$1.2B | S$977.7M |
| Operating income | S$993.8M | S$685.7M | S$818.5M | S$1.9B | S$308.9M |
| Net income | S$629.7M | S$201.3M | S$317.3M | S$1.3B | S$84.7M |
| Earnings per share | S$0.69 | S$0.21 | S$0.35 | S$1.40 | S$0.08 |
| EBITDA | S$641.2M | S$648.5M | S$882.9M | S$463.2M | S$423.8M |
| Total assets | S$27.0B | S$25.6B | S$24.2B | S$23.0B | S$23.9B |
| Total debt | S$14.7B | S$14.0B | S$12.3B | S$10.4B | S$11.4B |
| Cash and short-term investments | S$2.1B | S$3.0B | S$2.4B | S$2.4B | S$2.1B |
| Shareholders' equity | S$9.6B | S$9.1B | S$9.2B | S$9.2B | S$8.4B |
| Operating cash flow | −S$1.9B | S$929.7M | S$639.7M | −S$125.5M | S$1.1B |
| Free cash flow | −S$2.4B | S$275.4M | S$360.1M | −S$514.2M | S$719.5M |
| Capital expenditure | −S$507.7M | −S$654.2M | −S$279.6M | −S$388.7M | −S$414.8M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in SGD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| UOL | U14.SI | S$8.46 | S$7.16B |
| Mapletree Pan Asia Commercial Trust | N2IU.SI | S$1.22 | S$6.45B |
| Mapletree Logistics Trust | M44U.SI | S$1.10 | S$5.63B |
| Mapletree Industrial Trust | ME8U.SI | S$1.86 | S$5.31B |
| Keppel DC REIT | AJBU.SI | S$2.12 | S$5.19B |
| Singapore Land | U06.SI | S$3.13 | S$4.48B |
| Frasers Centrepoint Trust | J69U.SI | S$2.05 | S$4.18B |
| Frasers Property | TQ5.SI | S$0.98 | S$3.85B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in City Developments from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to SGD when you buy.
Step 3
Search C09 and buy
Find City Developments by name or by its ticker, C09, and place your order.
Why invest in City Developments from India
What City Developments does
City Developments Limited (CDL) is a leading global real estate company with a network spanning 168 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. City Developments operates in the Real Estate - Development industry within the Real Estate sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy City Developments stock from India?
Yes. Indian residents and NRIs can buy City Developments (C09) shares directly through Paasa. City Developments is listed on the Singapore Exchange, in the Real Estate - Development industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are City Developments dividends taxed for Indian investors?
Singapore levies 0% withholding tax on dividends from resident companies. Dividends are taxed at your slab rate in India. City Developments’ current yield is 3.75%. Paasa's dividend report lists the gross dividend and any tax withheld for each payment, which is what you need when you file.
What tax do I pay in India when I sell City Developments shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the SGD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Would my heirs owe estate tax on City Developments shares?
Singapore imposes no estate or inheritance tax on listed securities. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.