City Developments Limited
City Developments Limited (SES: C09) is trading at S$8.26, about ₹619 at today's SGD/INR rate, as of 25 Sep 2026, 5:04 AM ET, up 0.49% today. Indian residents can buy City Developments from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$8.16
Today's high
S$8.32
52 week low
S$6.78
52 week high
S$10.09
C09 opened at S$8.23, closed previously at S$8.22, and has traded between S$6.78 and S$10.09 over the past 52 weeks.
About
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. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. With a proven track record of over 60 years in real estate development, investment and management, the Group has developed over 53,000 homes and owns around 23 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally. Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 160 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is actively pursuing its fund management growth strategy to further leverage its strengths.
Key statistics
Avg. volume
1.92M
Market cap
S$7.38B
P/E Ratio
8.88
Price-to-sales ratio
1.60
Enterprise value
S$19.88B
Free cash flow yield
-23.05%
Debt-to-equity ratio
1.51
Return on equity
8.76%
ROIC
3.57%
Beta
0.44
Dividend yield
3.75%
Last dividend
S$0.31
Financial overview
Revenue
S$3.59B
Earnings per share
S$0.69
Free cash flow
-S$2.39B
Net profit margin
18.19%
Gross margin
37.98%
EBITDA
S$641.19M
Revenue growth
9.66%
Similar securities
This is not an investment recommendation
How to buy City Developments from India
Indian residents can buy City Developments shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to SGD.
Search for City Developments and place an order
Find City Developments by name or by its ticker, C09, and choose an order type. City Developments trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your City Developments position in SGD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in City Developments from India
Trading and taxes when buying City Developments from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. City Developments’ current yield is 3.75%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy City Developments stock?
Yes. City Developments (C09) has been listed on the Singapore Exchange since 2000, in the Real Estate - Development industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one City Developments share cost in rupees?
One City Developments share is S$8.26 — about ₹619 at an SGD/INR rate of 74.91 on 26 Sep 2026. Both the City Developments price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying City Developments from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on City Developments shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the City Developments price. Paasa issues a capital-gains statement for your return.
Does City Developments pay a dividend, and how is it taxed in India?
Yes. City Developments pays a dividend and the current yield is 3.75%; the last declared dividend was S$0.31 per share, about ₹23.22. Dividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade City Developments from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on City Developments shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying City Developments?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare City Developments shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your City Developments holding, its cost and its closing value.
How do I sell City Developments and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.