CDL was conferred the Excellence Award for Best Corporate Social Responsibility (CSR) by the Institute of Public Relations of Singapore at the PRISM Awards 2008, in recognition of its outstanding CSR strategy, which takes a holistic approach in impacting the community through dedicated outreach programmes.
Millennium & Copthorne Hotels plc (M&C), CDL’s subsidiary, opened its second hotel in China. The 352-room Millennium Harbourview Hotel Xiamen, formerly the Crowne Plaza Harbourview Hotel Xiamen, took on its new name following a franchise agreement with M&C.

CDL reported record profits of $725 million for the financial year ended 31 December 2007, a 106.2% increase from 2006 of $351.7 million without divestment gains and fair value gains on investment properties. This marks the Group’s profit at its record high since its inception in 1963.

Republic Plaza, CDL’s flagship building, was the venue of the National Vertical Marathon for the second consecutive year. This annual sporting event is organised by students from the Nanyang Technological University Sports Club.

Along with its joint-venture partners Hong Leong Holdings Limited and TID Pte. Ltd., CDL officially unveiled the six-star St. Regis Singapore on 20 April – the first international hotel to open in Singapore in more than a decade, and the first St. Regis Hotel to open in South-East Asia.

Mr Mah Bow Tan, Minister for National Development (fourth from left), officiated the opening ceremony of the St. Regis Singapore, the first international hotel to open in Singapore in more than a decade.

CDL achieved the ISO 14001: 2004 Environmental Management System for Corporate Management and Operations covering all headquarter office activities.
City Square Mall, CDL’s flagship mall and Singapore’s first Eco-Mall, was showcased at the 2008 Cityscape Asia exhibition. The Mall was awarded the Best Developer – Retail (Future) at the Cityscape Asia Real Estate Awards.
M&C opened the 521-room five-star Grand Millennium Beijing, located in the heart of the city’s financial and business district.

CDL launched its inaugural Social and Environmental Report, the first local report to be successfully checked by the Global Reporting Initiative (GRI).
Along with its subsidiary CBM Pte. Ltd. and its five Singapore hotels, CDL put up a resounding show of support at the Assisi Hospice Charity Fun Day 2008. Collectively, the CDL Group sponsored some 37 metres of food and virtual game stalls, manned by 225 employees who chalked up about 1,200 volunteer manhours for the event.
CDL hosted the “Green Heart Gala Dinner” at the St. Regis Singapore and raised over $300,000 to further the conservation and educational work of its long-standing partners, Singapore Environment Council and Nature Society (Singapore).
For its pioneering efforts in sustainable development, CDL was a recipient of the inaugural Green Mark Champion Award at the Building and Construction Authority (BCA) Awards 2008. CDL also received three Green Mark Platinum (Cliveden at Grange, The Solitaire and 9 Tampines Grande), two Green Mark GoldPlus (Shelford Suites and Wilkie Studio), three Green Mark Gold (City House, Fuji Xerox Towers and One Shenton), two Green Mark certification (Central Mall Office Tower and Palais Renaissance), and two Construction Excellence Awards (Butterworth 33 and The Pier at Robertson).

CDL was the first developer to be conferred the inaugural BCA Green Mark Champion Award in recognition of its strong CSR and outstanding track record in environmental sustainability.

Parc Emily, a 295-unit residence located in the lush Mount Emily enclave, received its Certificate of Statutory Completion (CSC). The project is jointly developed by CDL and TID Pte. Ltd..
M&C added to its growing global portfolio the Copthorne Hotel Qingdao, rebranded from Hotel Equatorial Qingdao, marking the first Copthorne hotel in China.
The Sail @ Marina Bay, the first completed residences in the new Downtown, received its Temporary Occupation Permit (TOP) for Tower 2. Jointly developed by CDL and AIG Real Estate Global Investment Corp, this icon is amongst the world’s ten tallest residences, housing 1,111 units.

Through its wholly-owned subsidiary, City Capital Corporation Pte Ltd, CDL entered into a conditional Sale and Purchase Agreement with Pioneer Panda Pte. Ltd. for the sale of Commerce Point, a 999-year leasehold 19-storey office building, for $180.7 million. The sale was completed on 3 July 2008.
Shelford Suites, a freehold 77-unit boutique development nestled in the midst of a lush residential enclave off Dunearn Road, was launched for sale.

Livia, the joint-venture residential project with Hong Realty (Private) Limited and Hong Leong Holdings Limited, located at Pasir Ris, was launched for sale. Response to the 724- unit mass-market condominium was enthusiastic, with 80% of the units released under Phase 1 sold during the soft-launch. Over 350 of the 440 units released have been sold to-date.
Two of CDL’s iconic residences, One Shenton and The Oceanfront @ Sentosa Cove, were named the Best High- Rise Development and Best Development respectively at the CNBC Asia Pacific Property Awards. One Shenton also clinched the Best Asia Pacific High-Rise Development Award.
The biennial Singapore Young Photographer Award was held for the second time. Initiated and managed by CDL with support from the National Arts Council, the competition attracted some 5,000 entries.
M&C celebrated the official opening of the luxurious 421- room Millennium Resort Patong Phuket, that adjoins the new landmark mega Phuket Jungceylon shopping and leisure complex. The hotel is the first to be opened by an international hotel group in Phuket since the devastating tsunami in 2004.

CDL entered into a memorandum of understanding (MoU) with National University of Singapore’s School of Design and Environment through its Master of Science (Environmental Management) programme for a joint research collaboration to develop innovative features and solutions in the environmental aspects of property development, building and facilities management.
CDL announced that it would be issuing Singapore’s first Sukuk-ljarah unsecured financing arrangement, under a proposed $1 billion Islamic Multi-Currency Medium Term Notes Programme to tap new markets and investors. CIMB-GK Securities Pte Ltd, a wholly-owned subsidiary of CIMB Group, was appointed as the lead arranger for the programme.
In recognition of CDL’s excellence in work-life strategies and commitment to helping employees harmonise work and personal needs, CDL was presented with the biennial Work-Life Excellence Award by the Tripartite Committee on Work-Life Strategy.

Nine anchor tenants of the 11-storey City Square Mall were officially unveiled at a signing ceremony. Over 75% of the Mall’s tenancy has been filled to-date, ahead of its expected opening in the fourth quarter of 2009.

With the support from City Square Mall’s anchor tenants, Mr Chia Ngiang Hong, CDL’s Group General Manager (centre) tends to the flourishing blooms of the Eugenia Oleina, which will be transplanted to City Green, the Urban Park integrated with the Mall.

St. Regis Residences, Singapore’s first branded residence comprising 173 apartments adjoining the six-star St. Regis Singapore hotel, received its Temporary Occupation Permit (TOP). This landmark residence of unsurpassed luxury is jointly developed by CDL, Hong Leong Holdings Limited and TID Pte. Ltd..

CDL was ranked in 7th place in the CSR Asia Business Barometer 2008 study, which compares the CSR disclosure of the 20 largest listed companies in Hong Kong, Malaysia, Singapore and Thailand. This was the best ranking achieved by a Singapore company.
CDL was named the Best Residential Developer and Best Leisure/Hotel Developer in Singapore at the international 2008 Liquid Real Estate Awards. The Awards are voted by readers of Euromoney, a well-known financial publication.
In recognition of CDL’s active contribution in promoting Occupational Safety Health (OSH) practices at the worksites, and for assisting its contractors to achieve Workplace Safety and Health (WSH) excellence, CDL was presented with the Developer Award at the Ministry of Manpower Workplace Safety and Health Awards 2008. CDL is a second-time recipient of the WSH Developer Award, which was introduced in 2002, and remains the only developer to have received this honour.
Leading CDL’s CSR efforts by example, Managing Director, Mr Kwek Leng Joo, contributed copies of his personal photo art book – Heart Voyage 2, and raised $150,000 for President’s Challenge 2008.
For its contribution to the promotion and development of the arts in Singapore, CDL was presented the Friend of the Arts Award by the National Arts Council. CDL has been on the Award honours roll since 1997.
CDL was voted one of Singapore’s most transparent companies in the SIAS (Securities Investors Association Singapore) Investors’ Choice Awards 2008.

CDL was the only Singapore corporation to be recognised for its CSR programmes at the Asian CSR Awards 2008, which honours companies in Asia for their projects and programmes in CSR. Three of CDL’s CSR initiatives were conferred the Excellence Awards, out of a total of fifteen regional finalists across five Award categories.
CDL’s architectural icon, The Sail @ Marina Bay, was the winner of the MIPIM Asia Awards under the Residential Development category, as well as the Participants’ Choice Award. The prestigious Awards pay tribute to the most innovative real estate projects in the Asia Pacific region.
CDL was presented the Platinum Award at the Singapore H.E.A.L.T.H. (Helping Employees Achieve Life-Time Health), the highest award tier, in recognition for its outstanding Workplace Health Promotion programmes to encourage employees to lead healthy and vibrant lives.
In recognition of CDL's outstanding and consistent contribution towards Singapore’s national defence, CDL clinched the Minister for Home Affairs (MHA) Award (formerly known as Special Award), the highest Home Team National Service Awards for Employers. Starting 2008, MHA also introduced the Minister’s Honours Roll and CDL has been inducted into this new league.

CDL unveiled the world’s first dancing lights facade at its upscale mall, Palais Renaissance. The double-skin glass facade features three-dimensional colour-changing eco-friendly LED lights that are programmed to move to specially-choreographed musical pieces.
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