Best Selling Projects In February 2021

A Joint Venture amongst City Developments Limited, Hong Leong Holdings Limited & TID Pte Ltd.

 

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions.

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Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

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With a proven track record of over 55 years in real estate development, investment and management, the Group has developed over 47,000 homes and owns over 23 million square feet of gross floor area in residential, commercial and hospitality assets globally. Its diversified global land bank offers 3.5 million square feet of land area.

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Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has 152 hotels and 44,000 rooms worldwide, many in key gateway cities.

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Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business and targets to achieve US$5 billion in Assets Under Management (AUM) by 2023.

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Hong Leong Group entered into property development in the early 1960s even before newly-independent Singapore started its real estate development programmes. Today, the Group is one of the largest commercial landlords in Singapore's core Central Business District, and holds the largest non-government residential land bank in Singapore.

 

​The Hong Leong Group's major push into the property business began in the late 1960s when it consolidated most of its property interests and investments in Hong Leong Holdings Limited. The Group bought a majority stake in City Developments Limited, and transformed it from a loss-making company into a profitable property giant and bellwether stock on the Singapore Stock Exchange.

 

​As a major commercial landlord and landowner in Singapore's competitive real estate market, Hong Leong Group collectively owns over 8 million square feet of lettable office, industrial, retail and residential space. It is also the largest residential developer in Singapore with nearly one in every five private homes sold in 2013 built by the Hong Leong Group. Over the past five decades, the Group has developed many iconic properties along the Singapore skyline and positioned itself as a market leader with more than 130 quality residential properties and over 100 premium commercial and mixed-use developments, including projects like One Shenton, The Tate residences, Sage, Singapore, W Singapore- Sentosa Cove, The Residences at W Singapore- Sentosa Cove and Quayside Isle.

TID Pte Ltd. is a joint venture between Hong Leong Group and Mitsui Fudosan. With a 35-year history in Singapore, TID Pte Ltd draws upon a wealth of experience and expertise. Its notable achievements include The Oceanfront @ Sentosa and the Optima @ Tanah Merah.