City Developments Limited is a real estate company operating globally. With a network spanning 103 locations on the map, 29 countries and regions, it has a wide range of diversity. Its geographically-diverse portfolio includes residences, offices, hotels, serviced apartments, integrated developments and shopping malls. The company owns more than five million square acres of property. And that’s just the beginning.
City Developments Limited began in 1963 in a small office in Amber Mansions. Founded by one person and consisting of only eight people at the time, CDL was not aware of the great success that would come of it in the future. It made it’s first debut and its shares were listed on what was, at the time, known as the Malayan Stock Exchange. Their signature development is Boulevard 88 located at Orchard which is a signature icon in the Orchard Shopping District.
CDL completed its first housing project in in 1965. It was a 200-unit housing project known as Fresh Breezes and finished in Johor Bahru, Malaysia. The housing project contained terrace, bungalow housing for its clientele. Back then, when CDL was under its own development and getting its feet off the ground, it gained recognition from a variety of projects aside from the one mentioned previously. Following Fresh Breezes, it launched its first high-rise residential development in Singapore. It was also complemented by CDL’s completion of Phase One of Clementi Park, CDL’s first condominium project.
In 1972, a group called the Hong Leong Group, which was guided and led by founder Mr Kwek Hong Png, took an interest in City Developments Limited. The group embarked on CDL’s strategic diversification to improve the growth of its property. The investment properties of CDL increased as it expanded under Mr Kwek Hong Png’s management.
The 1980s makred a new era for City Developments Limited. the 1970s were a very successful year, and in the 1980s, there was a major increase in their expansion. They had plenty of buildings and completed more than 20 residential developments during the decade. By the end of the decade, CDL had sold 12 major projects to its clientele.
City Developments Limited got into the hospitality industry and developed King’s Hotel, which is now known as Copthorne King’s Hotel Singapore). This was a highlight for CDL. At the same time, a hotel by the name of Orchi Inn was purchased and that purchase is major because it also marked a great deal of expansion and regionalisation.
Today, CDL’s partner, Millennium & Copthorne Hotels Limited, is Singapore’s largest international hotel group and it is know to be one of the largest hotel owners and operators in the world. City Developments Limited had 50 long years of great distinction. Over five decades went by and CDL created a name for itself in an excellent way. Their mottois “converse as we construct.” Their ultimate goal is to create better homes for people to live in happily. They press on to the future hoping to continue this goal for more people as long as they can.