NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2024 2023 % % Direct/Indirect subsidiaries of the Company (cont’d) (1) CDL CityInd Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (8) CDL Galliard Grand Limited Partnership Investment Holding United Kingdom 75 75 (1) Centro Property Holding Pte. Ltd. Property owner Singapore 100 100 (1) City Apex Pte. Ltd. Investment holding Singapore 100 – (1) City Bonsai Pte. Ltd. Investment holding Singapore 100 100 (1) City Condominiums Pte Ltd Property owner, developer and investment holding Singapore 100 100 (1) City Developments Realty Limited Investment in shares and investment holding Singapore 100 100 (1) City Leo Pte. Ltd. Investment holding Singapore 100 100 (1) City Gemini Pte. Ltd. Investment holding Singapore 100 100 (1) City Serviced Offices Pte. Ltd. Operating serviced offices Singapore 100 100 (1) City Thrive Pte. Ltd. Investment holding Singapore 100 100 (1) Citydev Real Estate (Singapore) Pte Ltd Property owner Singapore 100 100 (1) CDL Real Estate Asset Managers Pte. Ltd. Asset management Singapore 100 100 (1) City REIT Management Pte. Ltd. Investment holding Singapore 100 100 (1) City Strategic Equity Pte. Ltd. Investment holding Singapore 100 100 (1) City Symphony Pte. Ltd. Investment holding Singapore 100 100 (1) City Lux Pte. Ltd. Investment holding Singapore 100 100 (1) City Boost Pte. Ltd. Investment holding Singapore 100 100 (1) City Delta Pte. Ltd. Investment holding Singapore 100 100 (1) CityNexus Pte. Ltd. Developing software and programming activities Singapore 100 100 (1) Cityview Place Holdings Pte. Ltd. Property owner and developer Singapore 100(a) 100(a) ANNUAL REPORT 2024 FINANCIALS 213
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