City Developments Limited
  • CDL was listed as one of Corporate Knights' Global 100 Most Sustainable Corporations in the World for the fifth consecutive year, taking 39th position, up from 52nd in 2013.
  • Mr Kwek Leng Beng, CDL Executive Chairman, was honoured with the inaugural Real Estate Developers’ Association of Singapore (REDAS) Lifetime Achievement Award for his significant and ongoing contributions to the community and the nation, and influence in the property industry.

    CDL Executive Chairman Mr Kwek Leng Beng (left) received the REDAS Lifetime Achievement Award from Minister for Education Mr Heng Swee Keat.
  • CDL appointed former Managing Director Mr Kwek Leng Joo as its Deputy Chairman, and private equity and real estate veteran Mr Grant Kelley as its Chief Executive Officer.
  • 368 Thomson, a 157-unit freehold development along Thomson Road, obtained its Temporary Occupation Permit (TOP).
  • M&C acquired the 5-star all-suite hotel, The Chelsea Harbour Hotel, situated within London’s upscale Chelsea district for £65 million.
  • Mr Sherman Kwek, CEO of CDL’s wholly-owned subsidiary CDL China Limited, was appointed as CDL’s Chief Investment Officer, and Mr Kwek Eik Sheng, formerly CDL’s Head, Corporate Development, was appointed as CDL’s Chief Strategy Officer.
  • CDL was conferred the highest honour of The Distinguished Patron of Heritage Award by the National Heritage Board for developing the CDL Green Gallery @ Singapore Botanic Gardens Heritage Museum, as well as for its contribution towards the Museum, arts and heritage.
  • Tree House condominium at Chestnut Avenue, a joint venture project between CDL and Hong Realty (Private) Limited, clinched a Guinness World Record for the largest vertical garden. The 24-storey, 2,289 square metre (sqm) vertical garden is not only aesthetically striking, it also filters carbon dioxide and pollutants and helps lessen heat absorption.
  • City Square Mall, Singapore’s First Eco-mall, was named Best Suburban Shopping Centre and placed among the top three Family-Friendly Malls at the AsiaOne People’s Choice Awards.
  • M&C opened its first resort and 11th property in China, the Millennium Resort Hangzhou.
  • CDL and partners, Hong Leong Holdings Limited and Hong Realty (Private) Limited, launched two residential developments – Commonwealth Towers, an 845-unit condominium located at the doorstep of Queenstown MRT station, and Coco Palms, a 944-unit project at Pasir Ris Grove located just minutes from Pasir Ris MRT station.
  • Sweeping a total of 30 accolades, CDL once again emerged the most awarded private sector developer at the Building and Construction Authority Awards. CDL was accorded the Quality Excellence Award – Quality Champion (Platinum) for its sustained commitment to delivering quality homes. It remains the only developer to have achieved this highest tier recognition.
  • CDL’s leadership in building and architectural excellence was recognised with two wins at the prestigious FIABCI Prix d’Excellence Awards. One Shenton emerged as the World Gold Winner in the Residential (High Rise) Category while W Singapore – Sentosa Cove was named the World Silver Winner in the Hotel Category.
  • CDL appointed its first female independent Board Director – Adjunct Associate Professor Tan Yee Peng of Nanyang Technological University’s Nanyang Business School.
  • CDL appointed Mr Mark Yip as Chief Marketing Officer.
  • CDL was named the Green Leadership Award Winner at the Asia Responsible Entrepreneurship Awards Southeast Asia, which honours companies that recognise, mitigate and reduce the environmental impact of their businesses.
  • M&C acquired the 34-storey building – Novotel New York Times Square, in the heart of Manhattan’s theatre district, for US$273.6 million. It comprises the 480-room Novotel New York Times Square hotel, some office and retail space and a penthouse apartment.
  • The fifth CDL E-Generation Challenge, featuring a refreshed “Escape Room” gameplay concept, proved to be a hit with 360 youth participants from 13 tertiary institutions. This annual outreach Challenge fosters greater environmental consciousness in youths aged 17 to 25 years old.
  • For supporting local creative talents and contributing towards building Singapore’s cultural heritage, CDL was conferred the Distinguished Patron of the Arts Award by the National Arts Council for the fourth consecutive year.
  • Buckley Classique, a 64-unit freehold development on Buckley Road, located minutes from Newton and Novena MRT stations, obtained its TOP. A grand colonial bungalow was conserved and converted into an exclusive clubhouse at the development.
  • The biennial 5th CDL Singapore Young Photographer Award received over 1,500 entries from schools, youths and photo clubs – a three-fold increase since the inaugural competition in 2006.
  • M&C Middle East and Africa announced plans to launch the first Studio M, with 145 rooms, in Riyadh, Saudi Arabia, in Q2 2015.
  • The 602-unit Blossom Residences Executive Condominium (EC), located in the verdant Segar Road area of Bukit Panjang, obtained its TOP.
  • CDL made its maiden residential site purchase in Japan, when it acquired majority interest in a prized and rare freehold land site in Tokyo, for ¥30.5 billion. The expansive 16,815 sqm land parcel is strategically located in the high-end, prestigious residential enclave of the Shirokane area in Tokyo’s Minato ward where the offices of numerous foreign embassies and multinational corporations are situated.
  • CDL was named Top Property Developer in Asia, Top Singapore Corporation and second among the top 100 sustainable companies across 10 key Asian economies, in the Channel NewsAsia Sustainability Ranking.
  • CDL was recognised as one of three winners in the Business Leadership in Sustainability category at the inaugural World Green Building Council’s Asia Pacific Regional Network Leadership Awards in Green Building.
  • CDL announced its plans to be the first developer in Asia to use an advanced construction technology, Prefabricated Prefinished Volumetric Construction (PPVC), for a large-scale residential development. Likely the largest application of PPVC of its kind, over 5,000 building modules will be used to construct eight 10- to 12-storey blocks with 638 units at CDL’s upcoming EC project at Canberra Drive in Sembawang.
  • The CDL Green Lease Partnership Programme was launched to encourage its commercial tenants to contribute to Singapore’s sustainable development agenda. As at December 2014, about 70% of CDL’s existing tenants signed the CDL Green Lease Memorandum of Understanding, pledging their commitment to monitor, manage and reduce energy consumption.
  • The fourth CDL-Singapore Compact Young CSR Leaders Award, an annual student case study competition that allows youths to propose feasible CSR strategies for companies, received a record 50 entries from various educational institutes in Singapore.
  • M&C acquired the Boscolo Palace Roma in Rome’s upscale Via Veneto district for €65.5 million. Featuring 87 luxury guest rooms and suites, it is now operated by M&C as the Grand Hotel Palace Rome.
  • Nouvel 18, the 156-unit freehold joint venture development by CDL and Wing Tai Holdings Limited, located in the heart of the prestigious Ardmore and Anderson locales, obtained its TOP. It is designed by renowned French architect Jean Nouvel.
  • To mark the 10th anniversary of the CDL 5-Star Environmental, Health and Safety Awards, CDL introduced the Safe Worker Award to encourage construction workers to be more safety conscious, and announced plans to provide free wi-fi and computers at its new worksites with onsite workers living quarters.

The Millennium Mitsui Garden Hotel Tokyo is M&C’s first and flagship hotel in Japan.
  • CDL partnered with investment firm Blackstone’s Tactical Opportunities Fund and CIMB Bank Berhad, Labuan Offshore Branch, to create a unique $1.5 billion investment platform that invests in the cash flows of CDL’s properties in Sentosa Cove. Named the Quayside Collection, the properties comprise the 5-star hotel W Singapore – Sentosa Cove, Quayside Isle, a waterfront F&B and retail property, and The Residences at W Singapore – Sentosa Cove.
  • CDL China Limited gained a foothold in Shanghai by acquiring Shanghai Jingwen Zhaoxiang Real Estate Limited for RMB 799 million.
  • South Beach, a mega integrated development by CDL and IOI Group, topped out and the entire project is on schedule to be completed by the end of 2015.
  • M&C opened its first flagship hotel in Japan, the 329-room Millennium Mitsui Garden Hotel Tokyo, located in the heart of Tokyo’s Ginza 4-Chome district. This is a collaboration with Mitsui Fudosan Group.
  • CDLHT made its first foray into Japan by acquiring two hotels – Hotel MyStays Asakusabashi in central Tokyo and Hotel MyStays Kamata near Tokyo’s Haneda Airport – for ¥5.8 billion.