South Beach Residences Developer

City Developments Limited (CDL) is an accomplished powerhouse in Singapore and the international real estate business. The company is ranked second largest developer in South East Asia.

CDL is a stakeholder in Millenium & Copthorne Hotels plc (M&C), which is one of the world’s largest hotel groups with more than 130 hotels worldwide.

With a long history of more than 50 years in real estate development, CDL has developed over 40,000 homes.

In Singapore, where CDL is listed and based, CDL is a trusted brand in residential property development with many successful projects under its belt such as South Beach Residences. CDL is also a major commercial landlord locally with investments in offices, serviced apartments and shopping malls. Currently, it maintains one of the biggest land-bank amongst its developer peers.

Globally, CDL has established a widespread international presence that spanned 26 countries. The company also seeks to grow its real estate fund management business which has more than $3.5 billion in managed funds.

CDL is a committed company towards corporate social responsibility. It was the first Singaporean company to be listed on all of the world’s sustainability benchmarks i.e. the FTSE4 Good Index Series, the Global 100 Most Sustainable Corporations in the World Index and the Dow Jones Sustainability Index.

Locally, CDL was a multiple times winner of the Building and Construction Authority’s Green Mark sustainability awards as well as the coveted Quality Excellence Award for consistently offering high-quality development.

CDL’s chairman Kwek Leng Beng had once jointly bought the iconic New York’s Plaza Hotel with a Saudi billionaire, Prince Alwaleed from Donald Trump at US$325 million in 1995. This was US$75 million lesser than what Donald Trump paid for in 1988. Later in 2004, they went on to sell it at US$675 million.

Financially, CDL net profit for the financial year 2018 was $557.3 million in 2018 when compared to last year. Revenue was up 10.3% from last year to $4.2 billion.

CDL’s Kwek Leng Beng commented that this was a good result in spite of challenging market conditions. He is confident that “Singapore is well-poised to recover due to its strong fundamentals after global issues have been stabilized”. He also believes that the “residential property market sentiments should improve with pent-up demand”.

Track Records

IOI Properties Group Berhad (IOI Properties) is an established premier real estate developer in Malaysia with more than 30 years of industry experience.

Credited with the several successful developments of sustainable townships and commercial enclaves in Klang Valley and Johore, IOI Properties is recognized as one of Malaysia’s top township developer.

Without resting on its laurels, IOI Properties rapidly diversifies its portfolio to include other investment categories such as hotels, shopping mall, office buildings and golf course.

To date, the group manages an extensive land-bank of about 10,000 acres. As a landlord, the company owns 6.7 million square feet of rentable area diversified into retail and offices. IOI Properties also runs four high-end hotels with more than 1,800 rooms accumulated.

The group has set its sights on the global market and it is rapidly expanding its assets to include properties in Singapore and Xiamen, China.

IOI’s overseas expansion was a timely move. The group posted high gains from overseas projects in China and also sales of South Beach Residences in Singapore. Net profit was up 120.5% from RM97.5 million last year to RM214.9 million.

Track Records