City Dev

City Dev: -3.3% at S$11.32, the worst-performing STI component, underperforming both the broader market and sector peers."Over the last weekend, (Singapore residential) sales basically died off. Mkts might be a little cautious that the cooling measures are actually finally working, analyst says. It's the largest Singapore residential developer by market capitalization. Sentiment on Singapore residential will impact CityDev the most. Orderbook quotes suggest the $11.26 intraday low won't be retested.