CDL Real Estate Developer
The City Developments Limited, or CDL, is a Singaporean real estate developer with a strong commitment to sustainability. Its projects include the Millennium Hotel, Piermont Grand, and City Square Mall. Its commitment to sustainability extends to its operations as well. Read on for more details. Listed below are some of its recent achievements. The Millennium Hotel has been one of Singapore’s most talked about hotels. Its development has also contributed to the city’s economy and is a symbol of the City’s vibrancy and energy efficiency.
City Developments Limited, sometimes known as “CityDev”, is a Singapore-listed international real estate company. The company has global operations in 26 countries and controls more than five million square feet of rental properties worldwide. Its portfolio is composed of residential, commercial, and mixed-use developments. Founded in 1963, the company has built a reputation for developing innovative and quality projects. Its expertise in real estate investment and development spans more than 55 years, and the company’s portfolio includes more than four thousand homes in Singapore and 126 hotels worldwide.
The City Square Mall is one of Singapore’s most prominent shopping centres, and it has gained a reputation for being one of the best in the country. It is located near the Farrer Park MRT station, with multiple underground exits. The mall is a destination for shoppers from all walks of life, and it will serve as a nexus for businesses and the community. Its layout is reminiscent of a town center, with several levels of retail space, including restaurants and a movie theatre.
A stunning residential project in the heart of Punggol, Piermont Grand is a new development by CDL Real Estate Developers. It has a strategic location near popular shopping malls and amenities like NTUC Fairprice. It is accessible via Punggol MRT and Sumang LRT stations. The development also has easy access to buses along Punggol Way and Punggol Centreal. It is also adjacent to the Tampines Expressway.
After acquiring Copthorne Hotels, CDL expanded its portfolio of investment properties and listed Millennium & Copthorne on the London Stock Exchange. CDL retained a majority stake in both hotels. CDL Hotels International and City e-Solutions were formed out of Millennium & Copthorne. Millennium & Copthorne is now the second-largest hotel company in the world, with over 80 locations.
One of the first mixed-use developments in Singapore, Queensway Tower is located at Queensway, Singapore. The complex is made up of a 14-story tower, a 1-storey basement car park, and a 13-storey apartment tower. The Queensway Shopping Center offers 150 shops and 78 residential units. A total of 1.2 million square feet of retail space are planned for the complex.
With more than five million square feet of developed property and 4.2 million acres of land under management, CDL is one of the most dominant players in Singapore’s real estate market. The developer’s portfolio of properties is likely to grow to eight million gross square feet if the recent sale of its Tanglin Shopping Centre goes through. CDL’s sales of strata lots are a natural complement to its strategy to sell assets at a premium to their valuation and net book value.
City Square Residences by CDL Real Estate developer offers a convenient location in District 8 and is located near amenities. This development has 910 units and is located within a few minutes’ walk of several public transportation stations. There are four different unit types, ranging from 570 square feet to 1,518 square feet, with layouts suited for singles, couples, and families. Prices range from S$2600,000.