Highlights of the Year
JANUARY
The launch of Cube 8, a 177-unit 36-storey freehold residential development in the prime District 11 along Thomson Road, was met with great enthusiasm, with about 85% of the units sold over the launch weekend.

FEBRUARY
CDL posted exceptional core earnings for year ended 31 December 2009, achieving record revenue of $3,272.8 million and posted the second highest after-tax profit since its inception in 1963 of $593.4 million.
In recognition of its sustained efforts in championing workplace safety and health at its worksites and support of the Workplace Safety & Health Council (WSHC)’s bizSAFE programme, CDL was presented with the bizSAFE Mentor certification – the first awarded to a developer. Since 2008, CDL has been the first developer to be certified as a bizSAFE Partner.
Reaffirming their commitment towards Environment, Health and Safety (EHS) Excellence at CDL’s project sites, the top management of 27 of CDL’s builders and consultants endorsed CDL’s EHS Excellence – CEO Pledge for Zero, setting a milestone for a “Safe and Green” culture.
CDL won the bid for a 99-year leasehold, 16,998.8 square metre HDB land parcel at Sengkang West Avenue/Fernvale Link, with a tender price of $200.5 million.

MARCH
The Residences at W Singapore Sentosa Cove comprises 2 to 4 bedroom apartments along with penthouses that boast spacious living spaces of between 1,227 and 6,297 square feet.
CDL and Starwood Hotels & Resorts Worldwide, Inc. launched The Residences at W Singapore Sentosa Cove, a collection of 228 private luxury residences at the exclusive waterfront residential enclave of Sentosa Cove – Singapore’s most prestigious and affluent marina residential community. 45% of the launched units were sold over the weekend at private previews for a select group of business associates and VIP customers.
CDL celebrated the grand opening of City Square Mall, Singapore’s first eco-mall, with the achievement of the Businesses for Families Mark. Awarded to organisations that have met specific family-friendly standards relating to their strategy, services and infrastructure, the Mark is a national accreditation programme initiated by the Businesses for Family Council (BFC) and supported by the Ministry of Community Development, Youth and Sports (MCYS).

APRIL
CDL was ranked amongst the 2010 Global 100 Most Sustainable Corporations in the World – one of two Singapore corporations listed in this international ranking. Initiated by Corporate Knights, the magazine for clean capitalism, the annual ranking identifies the top 100 publicly-traded MSCI World-listed companies relative to their industry peers, from an environmental, social and governance perspective.
CDL’s new generation green office building 7 & 9 Tampines Grande received the LEED Gold Certification from the US Green Building Council (USGBC) – making it the first completed development in Singapore to achieve the Gold rating under the Core & Shell category. This is the second highest rating awarded by LEED, an international programme for the design, construction and operation of high performance green buildings.
Tree House, a 99-year leasehold nature-inspired residential development was warmly received when it was launched at a private preview on Earth Day. Over 85% of the 350 units launched at the preview were sold. The development is fully sold.
In celebration of Earth Day, CDL initiated the inaugural CDL E-Generation Challenge, an eco-themed “Amazing Race” style national competition aimed at raising the level of eco-consciousness amongst youths in Singapore. Through an eco-tainment platform in the form of a green rally, the competition attracted over 260 youth participants who took on eco-challenges in various parts of the island, covering over 2,300 km using green transport.

MAY
CDL bagged the most number of Green Mark Platinum Awards at the Building and Construction Authority (BCA) Awards 2010, reinforcing its leadership position as a Green Developer and Eco-Champion. Since the introduction of the Green Mark scheme in 2005, CDL has attained 40 BCA Green Mark Awards, of which 10 are of the highest-tier Platinum rating, representing the highest number of BCA Green Mark Awards presented to a single developer to date.
In recognition of its sustainable business practices and green solutions, CDL was one of only two Singapore firms that clinched the first division of awards – for Outstanding Sustainability (under the Enterprise Green Adopter category) – at the inaugural Singapore Sustainability Awards 2010. Co-presented by the Singapore Business Federation with KPMG as the knowledge partner, the Outstanding Sustainability Award aims to promote excellence in sustainability among Singapore organisations and inspire more to adopt similar practices.
The Sail @ Marina Bay, a majestic 245-metre tall architectural gem jointly developed by CDL and AIG Asian Real Estate Partners, L.P., emerged victorious in the Residential (High-Rise) Category at the FIABCI Prix d’Excellence Awards 2010.
Tribeca obtained its Certificate of Statutory Completion (CSC).

JUNE
The latest addition to the Millennium & Copthorne Hotels family – Studio M Hotel, designed for the stylish and trendy – officially opened its doors on 17 June. Located within the entertainment precinct of Robertson Quay in Singapore, the 360-room hotel has been boasting occupancies of about 80%, reaching full capacity in the days prior to its official opening.
The award-winning Grand Millennium Beijing joined the ranks of international hotels to receive its official 5-star rating following a strict 10-month audit. The newest premier 5-star offering is located in Beijing’s renowned Central Business District, and is one of 54 accredited 5-star hotels in the Chinese capital.
The Arte received its Temporary Occupation Permit (TOP).

JULY
Mr Kwek Leng Joo, Managing Director of CDL (middle), leading Mr Kwek Leng Beng, Executive Chairman of CDL (left) and guests to CDL’s “Web of 13 Million” realm of fantasy.
Reinforcing its continuing efforts to provide greater credibility and assurance, CDL set a new CSR milestone as the first company in Singapore to achieve the International AA1000AS (2008) Assurance Standard for the CDL Sustainability Report 2010, raising the bar in CSR reporting in Singapore.
A double winner, CDL clinched two out of five awards at the 2010 ASEAN Energy Awards. 7 & 9 Tampines Grande and Fuji Xerox Towers were winners of the ASEAN Best Practices for Energy Efficient Buildings Competition 2010 under the New and Existing Category and Retrofitted Category respectively.
The launch of 368 Thomson, a signature freehold residential development located in the prime District 11, met with overwhelming response. 80% of the 120 units in the 36-storey tower launched in Phase 1 were snapped up.
Five wholly-owned subsidiaries of CDL each entered into conditional Sale and Purchase Agreement with five wholly-owned subsidiaries of Perennial Chinatown Point LLLLP, for the sale of 287 strata-titled units at Chinatown Point for an aggregate sale consideration of $250.0 million. The sale was completed in October 2010.
Wilkie Studios obtained its TOP.
The biennial Singapore Young Photographer Award (SYPA), which aims to unearth budding young photographers and elevate photography standards in Singapore, was held for the third time on 6 July. Graced by Minister for Information, Communication and the Arts, the competition received over 1,000 submissions.
In support of the International Year of Biodiversity, CDL participated in the Singapore Garden Festival for the third time, at the invitation of National Parks Board. CDL welcomed visitors into a realm of fantasy titled “Web of 13 Million”, a nature-inspired multi-sensory experience featuring photographs of Mother Nature as captured through the eyes of CDL’s Managing Director Mr Kwek Leng Joo.

AUGUST
CDL China Limited, a wholly-owned subsidiary of CDL, was allocated initial investment funds of $300.0 million to establish CDL’s presence and implement the Company’s real estate strategy in various cities throughout China.
To commemorate Singapore’s hosting of the first ever Youth Olympics Games (YOG), CDL commissioned two specially-designed Olympic-themed artworks, the first public art sculptures to be showcased under the Marina Bay Public Art Programme, which were unveiled by Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports on 5 August.
CDL, together with BCA, organised the inaugural BCA-CDL Green Sparks Competition, a first-of-its-kind initiative designed to raise awareness and engage tertiary students to partake in the greening of the built environment. The competition saw 20 teams of 152 students presented with the challenge of enhancing the environmental performance of Fuji Xerox Towers, with the possibility of implementation as part of retrofitting plans for the building.
CDL was conferred the biennial Work-Life Excellence Award by the Ministry of Manpower for the second time by The Tripartite Committee on Work-Life Strategy. The Award reaffirms CDL’s efforts in creating a positive environment that places great value in maximising employees’ performance while helping them to harmonise work and personal needs.

SEPTEMBER
CDL was once again accorded the distinguished Ministry of Manpower’s Developer Award for the fourth time, having received it previously in 2006, 2008 and 2009. It is also the only private developer to be awarded this prestigious accolade.
Jointly developed by CDL, Hong Leong Holdings Limited and Hong Realty (Private) Limited, the 642-unit NV Residences enjoyed enthusiastic response during its highly anticipated private preview, with 80% of the 200 units released sold. To date, more than 500 units have been sold.
The 5-star Grand Millennium Sukhumvit in Bangkok, Thailand was voted amongst Asia’s most popular hotels at the HotelClub Awards 2010, receiving the award for Finalist – Most Popular Hotel in Asia. The annual HotelClub Hotel Awards are driven by seasoned travellers worldwide.
CDL Hotels (Malaysia) Sdn. Bhd., a wholly-owned subsidiary of Millennium & Copthorne Hotels plc (M&C), entered into an agreement to sell a parcel of land measuring 29,127 square feet adjacent to the Grand Millennium Kuala Lumpur, for a consideration of RM210.0 million.
Grand Hyatt Taipei marked its 20th anniversary with a cocktail reception that was well attended by over a thousand guests comprising local and international corporate owners, government officials, ambassadors and other honoured guests. The award-winning hotel has received over 200 accolades in the past two decades.

OCTOBER
CDL was amongst 7 Singapore organisations recognised at the inaugural CSR Awards conferred by Singapore Compact for CSR. The Company received the Green Champion Award, which recognises best practices in minimising business externalities on the environment, and encourages others to benchmark against these practices.
The Grand Millennium Al Wahda, the largest hotel in Abu Dhabi, officially opened. The hotel is M&C’s second hotel in the Middle East under the flagship brand.
Over 75% of the units released at The Glyndebourne, a distinguished 150-unit freehold luxury condominium located in the prestigious District 11 neighbourhood, were sold over the private preview weekend. To date, over 93% of the project has been sold.
A subsidiary of CDL had contracted to sell The Corporate Office, a freehold 21-storey office building located at 138 Robinson Road, for $215.0 million, with sale completion in February 2011.

NOVEMBER
CDL celebrated a milestone in the construction of the iconic Quayside Isle with the topping out of the new W Singapore Sentosa Cove, Singapore’s only marina hotel, on 24 November. When completed in 2012, the integrated Quayside Isle will be a re-creation of the luxurious Rivera lifestyle.
Celebrating a milestone in the construction of the iconic Quayside Isle with the topping out of the new W Singapore Sentosa Cove hotel.
On 1 November, ISO (International Organisation for Standardisation) launched one of the most highly anticipated International Standards of recent years, ISO 26000:2010, Guidance on social responsibility. Despite ISO 26000 not being mandatory or a standard for certification, nor designed as a management system, CDL has taken the initiative and led the way by voluntarily integrating its CSR strategies based on guidelines set out in the ISO 26000 framework. The ISO 26000 principles will also be articulated in CDL’s next Sustainability Report 2011, to be published in June 2011.
A wholly-owned subsidiary and a jointly-controlled entity of CDL entered into separate Purchase Agreements with HSBC Institutional Trust Services (Singapore) Limited (as trustee of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust) for the sale of the remaining leasehold interest in Pantech 21 and a 45-year lease of New Tech Park for $41.5 million and $305.9 million respectively.

DECEMBER
Testament to the Company’s strong track record of financial stewardship and profitability, CDL was accorded the 2010 Global Chinese Business 1000 – Best Performance Award and ranked one of the Top 10 Best Performance companies in Singapore. Commissioned by Yazhou Zhoukan, the Global Chinese Business 1000 is the most insightful and powerful report in which the Top 1000 listed companies owned by Chinese entrepreneurs from all over the world are selected.
CDL China Limited acquired its first development site in Chongqing, China, at a government land auction for RMB 232.0 million. An iconic luxury villa residence will be built on this landmark site, which promises to redefine the city’s skyline.
CDL emerged top bidder for the 20,834.1 square metres, 99-year leasehold executive condominium (EC) site at Segar Road in the Bukit Panjang area.
A subsidiary of CDL completed the sale of four separate floors of GB Building, which took place over three months, with total sale price amounting to about $30.0 million.