CDL entered into an agreement to acquire a 51.01% joint controlling interest in Sincere Property for an initial investment of RMB 4.39 billion. Upon completion of the transaction, CDL will hold a joint controlling interest in Sincere Property via an offshore investment vehicle, making CDL the single largest shareholder of Sincere Property.
CDL emerged as the only Singapore company to win multiple accolades at the 5th Asia Sustainability Reporting Awards (ASRA), bringing home a total of three golds and one silver at the virtual awards ceremony held on 29 April 2020. CDL clinched gold for “Asia’s Best Integrated Report Award”, the most prestigious award for sustainability reporting across the region, as well as gold for “Best Carbon Disclosure” and “Best Sustainability Report (Digital)”, and a silver for “Best Sustainability Report (Design)”.
CDL has contributed to initiatives in support of vulnerable individuals, families and communities affected by COVID-19.
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.
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.
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 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.
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.