City Developments Limited (CDL) and MCL Land commenced sales for the highly anticipated 407-unit Piccadilly Grand on Saturday, 7 May 2022, two weeks after its sales gallery opened for preview on 23 April 2022. As at 6.00 pm on Sunday, 8 May 2022, 315 units (77% of the project) have been sold at an average selling price (ASP) of S$2,150 per square foot (psf). The robust sales for the project, one of the first major private residential launches in Singapore for 2022, kickstarts the year on a positive note for the CDL-MCL Land JV.
City Developments Limited, the National Parks Board and Ocean Geographic have jointly launched an exhibition themed “Change the Present, Save the Ocean” on marine conservation. Held at the net-zero CDL Green Gallery in the Singapore Botanic Gardens, the exhibition will run from 12 April to August 2022 in support of global and national climate action.
City Developments Limited (CDL) and MCL Land will commence the preview of the highly anticipated Piccadilly Grand on Saturday, 23 April 2022. Sales bookings are scheduled to begin on Saturday, 7 May 2022. The launch of this 407-unit Piccadilly Grand marks the inaugural project for the CDL-MCL Land joint venture (JV) partnership in Singapore.
City Developments Limited (CDL) has returned to profitability with net attributable profit after tax and non-controlling interest (PATMI) of S$129.7 million for its second half (2H 2021) and S$97.7 million for the full year ended 31 December 2021 (FY 2021). In comparison, results for the previous corresponding periods in 2H 2020 and FY 2020 were a net loss after tax and non-controlling interest of S$1.9 billion (same for both periods).
For its tireless dedication in driving corporate sustainability, City Developments Limited (CDL) has ranked 5th on the 2022 Global 100 Most Sustainable Corporations in the World and maintains its position as the world’s most sustainable real estate management and development company. This marks the company’s best performance to date, having jumped from 40th position in 2021.
City Developments Limited (CDL) and CapitaLand Development (CLD) commenced sales for the highly-anticipated 696-unit CanningHill Piers on Saturday, 20 November 2021. As of 6.00 pm today, 538 units (or 77%) have been sold at an average selling price (ASP) of around S$3,000 per square foot (psf), with total sales value of over S$1.18 billion.
City Developments Limited (CDL) has been awarded the inaugural 2021 Terra Carta Seal on 3 November 2021 by His Royal Highness (HRH) The Prince of Wales through his Sustainable Markets Initiative. CDL is the only Singapore company out of 45 global companies to be awarded the Seal, which recognises global companies driving innovation and demonstrating commitment and efforts towards creating genuinely sustainable markets.
City Developments Limited (CDL) has expanded its United Kingdom (UK) Private Rented Sector (PRS) portfolio with the acquisition of a 250-year leasehold site from Paradise Circus Limited Partnership (PCLP). Located in the heart of Birmingham’s Paradise precinct, the 16,760 square feet (sq ft) site will be developed into an iconic residential tower with 370 build-to-rent units. The purchase consideration of £6.5 million (approximately S$11.8 million1) translates to about £18 (approximately S$331) per square foot on Gross Internal Area of 359,329 sq ft.
Steeped in historic grandeur, the Singapore River was a veritable source of life that prologued the Singapore success story. Today, life by the sparkling river brims and bustles with a whole new chapter of energy and excitement. And right at the centre of the buzz is the highly anticipated redevelopment of the former Liang Court into an iconic riverside landmark residence the world will come to know as CanningHill Piers.