City Developments Limited
City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 94 locations in 26 countries. As one of Singapore’s largest companies by market capitalisation, its income-stable and geographically-diversified portfolio coprises residences, offices, hotels, serviced apartments, intergrated developments and shopping malls, totalling over 18 million square feet of floor area globallly.
CDL has hotel assets in one of the world’s largest hotel groups – its London-listed subsidiary Milennium & Copthorn Hotel plc (M&C) has over 120 hotels globally, many in key gateway cities. In Singapore, CDL has developed over 36,000 homes and is one of Singapore’s largest commercial landlords, with one of the biggest landbanks amongst Singapore private-sector developers.
Building on its track record of over 50 years in real estate development, investment and management, CDL has developed growth platforms in five key international markets – China, UK, USA, Japan and Australia. The company is also leveraging its stable of prime assets and growing its real estate funds management business. It currently has $2.6 billion in funds under management.
Its recent launch, Forest Woods at Lorong Liew Lian has received extremely good responds resulting in more than 70% of its units sold within 1 month from its launch in Sep 2016.