Latest News | City Developments Limited

Singapore's Top Developer

CDL has been ranked the top developer in the Building and Construction Authority’s "Search for Quality Housing" online tool since 2017. The tool compares developers and properties based on a Construction Quality Assessment System and Quality Mark. Five of CDL’s projects – The Venue Residences, The Glyndebourne, Tree House, Nouvel 18, and Hundred Trees – are also listed among the top 10 properties in Singapore.

Redefining Luxury For The Ultra-Rich

Ultra-high net worth (UHNW) individuals have driven the demand for property across global markets and CDL’s super-luxe property collection has successfully attracted a significant share of this market. Over S$1.03 billion in sales for Gramercy Park and New Futura is attributed to UHNW foreigners.

The Tapestry Emerges As Top-seller

In March 2018, CDL's 861-unit The Tapestry emerged as the top-selling private residential project in Singapore.

CDL-TID Joint Venture Tops Bid For Sumang Walk EC Site

CDL and joint venture (JV) partner TID Pte. Ltd. (TID) have made the highest bid of S$509,370,000 (or S$583psfpr) for a 99-year leasehold Executive Condominium (EC) site at Sumang Walk in Punggol Town. The JV will explore an EC project comprising 13 blocks of 10 to 17 storeys with about 820 units and a basement carpark.

Gramercy Park Crowned FIABCI’s World Gold Winner

Gramercy Park has emerged World Gold Winner at the FIABCI World Prix d’Excellence Awards 2018, under the Residential (High Rise) category. This award adds to the string of accolades that Gramercy Park has received across regional platforms, testament to its development excellence.

On Track To CDL Future Value 2030 Sustainability Goals

CDL has published its latest “Integrated Sustainability Report 2018: On Track to CDL Future Value 2030”. The report shows CDL’s progress towards the material Environmental, Social and Governance (ESG) goals and targets under its CDL Future Value 2030 sustainability blueprint.

CDL places top bids for Handy Road and West Coast Vale plots

CDL has emerged as the top bidder for two out of three 99-year leasehold private housing sites at a recent state tender. Of the 10 bids for the Handy Road site, CDL’s was the highest, beating the next offer by 12.3%. The site is considered to be the most attractive of the three because of its District 9 location off Orchard Road. Its S$472.4 million bid was also the highest for a land parcel in West Coast Vale. If awarded the two sites, three residential towers for the Handy Road site and two 36-storey towers for the West Coast Vale site could be underway.

A Sea of Opportunities

CDL and joint-venture partner Hong Realty (Private) Limited have successfully tendered for the collective sale of the Amber Park condominium site for S$906.7 million (or S$1,515 psf ppr). There are plans to redevelop the site into a luxury condominium development comprising four 25-storey blocks with close to 800 units and a basement carpark, with many units commanding sea views. Demand for the new project is expected to be healthy given its excellent locational attributes and rare freehold status.

(Photo credit: EdgeProp Singapore)

Forging a Growth Pipeline

Bellevue Properties, a unit of CDL puts in the highest bid of $370.1 million for a site on Tampines Avenue 10. This new residential project, The Tapestry, is in the up and coming Tampines North estate, an extension of the established Tampines town. It enjoys good connectivity with expressways and will be even more accessible in the future with the Tampines West MRT station. Residents can also look forward to a myriad of amenities nearby such as shopping malls, retail warehouses, recreational areas and reputable schools.

The Tapestry is now open for booking. Find out more