Latest News
Inaugural Company of the Year Award at the BCA Awards 2024
The only developer winner of the pinnacle accolade in recognition of leadership and contributions in advancing value chain transformation within the industry.
The only company in Southeast Asia on the CDP A List for sixth consecutive year
Reinforces sustainability leadership as the top ranked real estate company on the 2024 Global 100 Most Sustainable Corporations in the World list and regional and industry top-rating in Sustainalytics’ 2024 ESG Risk Rating Report.
CDL acquires Yardhouse, its first PRS development in Central London
The Yardhouse site is located on Wood Lane in White City, in the borough of Hammersmith and Fulham.
Strong response for Lumina Grand, Singapore’s first executive condominium launch in 2024 – 269 units sold on launch weekend
Homebuyers drawn to the locale for its proximity to Jurong Innovation and Lake Districts, upcoming Tengah Town, and excellent connectivity with three nearby MRT stations.
First and only Singapore company listed on the Global 100 Index for 15 consecutive years
CDL ranked 22nd most sustainable corporation in the world and top real estate company in annual Global 100 listing and maintains recognition in leading global benchmarks.
CDL secures OCBC 1.5°C loan – Singapore’s first net zero-aligned loan for corporates to drive transition to a low-carbon economy
City Developments Limited marks a new sustainable financing milestone as the first corporation to obtain the OCBC 1.5°C loan, with interest rate incentives pegged to annual decarbonisation performance targets. The three-year £200 million (approximately S$338.2 million1) sustainability-linked revolving credit facility (RCF) will be utilised for refinancing, general corporate funding and working capital purposes.
CDL expands its UK living sector portfolio with the acquisition of 1NQ, a forward-funding PRS project in Manchester for £75.6 million
City Developments Limited has expanded its United Kingdom Private Rented Sector portfolio with the acquisition of 1NQ, a 261-unit freehold project in Manchester for £75.6 million (approximately S$125.7 million). CDL will forward-fund the PRS project, which will commence construction this month.
CDL invests in a Tokyo residential rental portfolio comprising 25 freehold assets with 836 units for JPY 35 billion – marks its largest private rented sector transaction in Japan
City Developments Limited has enlarged its Private Rented Sector portfolio in Japan by investing in 25 high-quality freehold residential assets for JPY 35 billion (approximately S$321.9 million1). These properties comprise a total of 836 units (including four retail units) and mark CDL’s largest PRS transaction in Japan. The interests in the properties were purchased from affiliates of BGO, a leading global real estate investment manager.
CDL celebrates 60 Diamond Years
City Developments Limited marked its 60th Anniversary with a Diamond Jubilee Celebration this evening. Held at Orchard Hotel Singapore, the event was graced by Guest-of-Honour Deputy Prime Minister (DPM) and Minister for Finance Mr Lawrence Wong, and attended by 600 guests, including government officials, ambassadors, foreign dignitaries, business partners, industry representatives, as well as CDL’s directors, management and staff.