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Amber
Mansions |
The
Founding of CDL
CDL
began in a small, rented office in Amber Mansions on 7 September 1963,
staffed by only eight employees, to acquire, develop and sell property.
The Company went public in November 1963 and its shares were listed
on what was known then as the Malayan Stock Exchange.
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Fresh
Breezes
Clementi
Park
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The Early Years
In 1965, CDL completed its first housing project, Fresh Breezes in Johore
Bahru, and pioneered the "show house" concept. Subsequently, CDL launched
its first condominium, Clementi Park, in Singapore. This was followed
by the launch of its first high-rise residential development in Singapore,
City Towers, which was completed in 1966. |
City
Plaza |
A
New Beginning
In 1972, the Hong Leong Group, under the guidance and leadership of
founder, the late Mr Kwek Hong Png, acquired a controlling interest
in CDL and embarked on a strategic diversification into commercial and
industrial developments. It launched its first residential cum shopping
development, City Plaza. CDL then acquired more investment and development
properties such as Tanglin Shopping Centre, Katong Shopping Centre,
Woh Hup Complex (now known as Golden Mile Complex), Queensway Shopping
Centre and The Arcade.
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City
House
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Singapore Property Pioneer
With
the late Mr Kwek's aspiration and strong business acumen, CDL emerged
as a major property developer in Singapore. In the 1980s, CDL launched
21 residential properties and completed 12 investment properties. In
1983, it completed the construction of City House in the heart of the
Central Business District, which became CDL's headquarters. |
Copthorne King's Singapore
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Hotels
Acquisition
CDL's foray into the hotel business began with the acquisition of
King's Hotel and soon after, Orchid Inn, now known as Copthorne King's Hotel
Singapore and Copthorne Orchid Hotel Singapore respectively. This was followed
by rapid expansion and regionalisation.
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