JANUARY

One Shenton, the 341-unit landmark luxury residence located in the heart of the Central Business District, was launched with great success. Crowds of over a thousand thronged the show suite of CDL’s first property launch for the year.

CDL unveils the stunning new addition to the city’s skyline at the One Shenton press conference – its first property launch for the year.

“Reed Sculpture”, the winning piece of the inaugural CDL Singapore Sculpture Award held in 2003, was officially unveiled. CDL commissioned the piece into a full-sized sculpture for public display at Robertson Quay, beside its residential development, The Pier at Robertson.

FEBRUARY

CDL strengthened its presence in the Thomson vicinity, with the purchase of The Albany, a prime residential freehold site in District 11, for $65 million.

In support of youth development, CDL’s flagship building, Republic Plaza, was the venue of the annual National Vertical Marathon, organised by students from the Nanyang Technological University (NTU) Sports Club.

MARCH

The Solitaire, a freehold 59-unit boutique luxury development in District 10 was released for sale. Response was overwhelming and it was fully sold within a week after its soft launch.

In a joint venture with Wing Tai Land Pte. Ltd., CDL jointly purchased Anderson 18, a prime freehold residential site in District 10 for $477.7 million. This land parcel measuring 112,098 square feet will allow for the creation of a 36-storey luxury residence.

CDL purchased Hong Leong Garden Condominium for $131.5 million. Located in the tranquil West Coast area, this 266,076 square feet site can be redeveloped up to 12-storeys in height with a maximum potential gross floor area of 425,722 square feet.

CDL acquired another three freehold sites in District 11 to add to its sizeable purchases in the prime Thomson Road vicinity. The purchase of Concorde Residences, and the adjoining Balestier Court and Bright Building for a total of $81.3 million will further enhance its presence in the Thomson area. The three amalgamated sites, along with an adjoining state land, have a maximum potential gross floor area of 168,600 square feet and can be built to a maximum height of 36 storeys.

APRIL

Botannia, a joint-venture residential project with CapitaLand, located at West Coast Rise, was launched for sale. Sprawled across 400,000 square feet, response to this 493-unit mid-tier condominium development has been strong with the development being more than 93% sold to date.

CDL further enlarged its land bank portfolio in the Thomson area with the purchase of Thomson Mansions, an 18-unit apartment block adjacent to The Albany, for $30 million.

MAY

CDL's industry captaincy in green innovation was recognised with the award of two Green Mark Platinum awards at the Building and Construction Authority Awards (BCA) 2007. With its win for City Square Mall (commercial) and The Oceanfront @ Sentosa Cove (residential), CDL is the first private developer to have been awarded this high honour, which has previously been accorded only to public sector developments. CDL received a total of 10 awards, including two Best Buildable Design Awards (Butterworth 33 and The Pier at Robertson), three Construction Excellence Awards (Monterey Park, Savannah CondoPark and The Esparis Executive Condominium), one Universal Design Award (The Pier at Robertson) and another two Green Mark Awards (Botannia — Green Mark Gold and Buckley 18 — Green Mark GoldPlus), for its projects.

CDL purchased the 86,110 square feet Tampines Grande commercial plot located at the bustling Tampines Regional Centre. The plot can be developed into a modern office complex with a gross floor area of 361,662 square feet.

Savannah CondoPark, Singapore’s first Eco-Condo, received the FIABCI Prix d’Excellence as a finalist under the Residential Category. This prestigious Award recognises projects of outstanding achievement and overall merit that best embody excellence in all real estate disciplines involved in its creation.

CDL displays its strong spirit of volunteerism and creativity during the Assisi Hospice Teddy Bank Fund- Raising Campaign. Collectively, all 300 CDL employees raised almost $60,000 within a month, which went towards the palliative care of the Hospice’s adult and children patients suffering from cancer and other life-limiting illnesses.

CDL has been a committed supporter of initiatives that develop the creative skills, talent and character of young Singaporeans. For its continuous partnership and generous support towards youth development, CDL was conferred The Distinguished Partner of the National Youth Achievement Award.

CDL Hospitality Trusts (CDLHT) announced the purchase of the 398-room Novotel Clarke Quay Hotel for $201 million (excluding a potential tax liability of approximately $18.8 million). With this purchase, CDLHT becomes the biggest hotel owner in Singapore, in terms of number of rooms. The purchase was completed in June 2007. CDLHT is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, and is 38.5%-owned by CDL's subsidiary, Millennium & Copthorne Hotels plc (M&C).

JUNE

Cliveden at Grange, an ultra-luxurious residence in the prestigious District 10 residential enclave was soft-launched. Comprising 110 exclusive spacious apartments housed in four 24-storey towers (1 twin and 3 single towers), residents will enjoy the exclusiveness of one unit per floor and virtually 360 degree panoramic vistas of its surrounding landscapes.

M&C's hotel in Kuala Lumpur, Malaysia was re-branded as Millennium Hotel Kuala Lumpur following an extensive refurbishment programme in 2007. Comprising 468 elegant and contemporary guest rooms, including 30 suites, the hotel is the first Millennium hotel in Malaysia. To reflect the unsurpassed standards of luxury it offers, the hotel has since been re-branded as the Grand Millennium Kuala Lumpur.

JULY

CDL was conferred the Watermark Award by the PUB (Public Utilities Board) which recognises significant contributions towards Singapore’s water sustainability and advocating the importance of conserving water resource through the 3P model (People, Private and Public sectors).

In recognition of CDL’s outstanding and consistent contribution towards Singapore’s national defence, it was awarded the highest distinction at the Total Defence Awards. The Home Team NS Awards for Employers (Special Award), was presented jointly by the Ministry of Defence and the Ministry of Home Affairs to commemorate 40 years of National Service.

AUGUST

CDL announced that it entered into a memorandum of understanding with DC Chemical Company Limited to jointly develop a large-scale integrated commercial, hotel and residential project in Incheon, South Korea. The investment equity for the 1.55 million square metres site will be between US$150 million and US$300 million.

CDL reports sterling growth in Q2 2007 at its Half Year 2007 Analyst/Media Briefing. The Group achieved record profits in its 45-year history, with attributable profit after tax and minority interests soaring to $194.4 million, an increase of 333.0% over the same period in the previous year (Q2 2006: $44.9 million). The Group’s profit after tax and minority interests and basic earnings per share for the first half of the year also increased substantially by 272.2% to $320.5 million and by 292.0% to 34.5 cents respectively.

SEPTEMBER

CDL, in partnership with the Singapore Art Museum, presented The 3rd CDL Singapore Sculpture Award Exhibition. The week-long Exhibition comprised the winning pieces and selected entries by both established sculptors and budding talents from the biennial Award.

A consortium comprising Scottsdale Properties Pte. Ltd., an indirect subsidiary of CDL, Istithmar Beach Road Fze and Elad Group Singapore Pte. Ltd. was awarded the tender of the Beach Road site at $1.688 billion by the Urban Redevelopment Authority. With a winning combination of modern architectural design and environmentally-friendly features, South Beach will be a revolutionary Eco-Quarter in Singapore. The development will have a total gross floor area of approximately 1.6 million square feet.

CDL and its partners present South Beach, Singapore’s revolutionary Eco-Quarter, at the South Beach Building Agreement Signing Ceremony.

OCTOBER

CDL expands its global footprint with a US$125 million venture in Russia. The Group signed an agreement to acquire a 50% stake in Soft Proekt, which owns the Iris Congress Hotel and a 9-storey serviced apartment building in Moscow.

In line with CDL’s Green corporate philosophy, CDL’s Property Division (Investment Properties) achieved the ISO 14001:2004 (Environmental Management System) and ISO 9001:2000 (Quality Management System) certification for 14 of its commercial buildings. In 2003, CDL was the first private developer to receive the ISO 14001 certification for Project Development and Project Management.

For its significant contribution to the promotion and development of the arts in Singapore, CDL was presented with the Patron of the Arts Award by the National Arts Council. CDL had previously been a recipient of the Friend of the Arts Award since 1997.

CDL was voted one of Singapore's most transparent companies in the SIAS (Securities Investors Association Singapore) Investors' Choice Awards 2007.

M&C officially opened Millennium Sukhumvit Bangkok Hotel (now rebranded as the Grand Millennium Sukhumvit Bangkok) in Bangkok, Thailand. The fivestar hotel, conveniently located in one of the city's prime central areas along Asoke Road, has 325 guestrooms and suites.

As part of its drive promoting eco-awareness amongst its stakeholders, CDL initiated the “1°C Up” campaign across five of its commercial buildings (Republic Plaza, City House, Fuji Xerox Towers, Plaza by the Park and Central Mall — offices). Under this pilot programme, tenants were encouraged to contribute to environmental conservation by adjusting the air-conditioning temperature in their offices upwards by 1°C.

NOVEMBER

CDL, in a joint venture with US-based Wachovia Development Corporation, acquired 44 units of CDL’s Cliveden at Grange for an aggregate sale price of $432.4 million. The units, comprising two full towers, were sold to the joint venture company it formed with Wachovia. The development received very positive response, in particular from foreign buyers, with over 90% of the units sold to foreigners.

CDL was conferred the pinnacle President’s Social Service Award for its firm long-term commitment and outstanding voluntary contributions to the community. CDL was the only corporation accorded this prestigious honour in 2007.

For its long-term commitment and outstanding contributions to the community and towards environmental sustainability, CDL was conferred the President’s Social Service Award (left) and President’s Award for the Environment (right) respectively.

Wilkie Studio, a 40-unit freehold development located in the heart of the arts and culture district at the Selegie vicinity, was launched for sale. The boutique development was well received and almost 90% of the units released have been sold.

CDL purchased another 15-year leasehold site to enhance its presence at Tampines Regional Centre. Located beside the Tampines Grande commercial plot it purchased in the second quarter of 2007, the Tampines Concourse plot land parcel can be developed into a modern 3-storey office complex with a gross floor area of 124,011 square feet.

DECEMBER

CDL was the proud recipient of the President’s Award for the Environment, which recognises its significant contributions to sustaining the environment through good practices both within and beyond the organisation. CDL is the first corporate recipient to receive this honour, which is presented by the Office of the President of the Republic of Singapore.

The St. Regis Singapore made headlines as the first international luxury hotel to open in Singapore over the last decade. Managed by Starwood Hotels & Resorts, the 299-room hotel is the first St. Regis hotel in South East Asia to offer the legendary St. Regis hospitality. Adjoining the hotel is the exclusive 173-unit St. Regis Residences, Singapore. The St. Regis Hotel and Residences is a joint venture between CDL, Hong Leong Holdings Limited and TID Pte. Ltd..

Tianjin Trophy Real Estate Co. Ltd, an indirect subsidiary of CDL, entered into a Sale & Purchase Agreement to acquire a 36-storey office building with a gross floor area of 382,119 square feet, in Tianjin, China for approximately US$66.6 million.