City Developments Limited (OTCMKTS: CDEVY) is a global real estate company founded in 1963 and headquartered in Singapore. Over more than five decades, the firm has grown from a local property developer into a diversified enterprise with interests spanning residential, commercial and hospitality sectors. City Developments is publicly listed on the Singapore Exchange and is recognized for pioneering large-scale urban regeneration projects as well as sustainable building practices in the Asia Pacific region.
The company’s core business activities include property development, investment and management. In the development segment, City Developments creates residential townships, condominium complexes and integrated mixed-use projects. On the commercial side, it designs and manages office towers, retail malls and strata-titled properties. Through its hospitality arm, Millennium & Copthorne Hotels, CDL owns and operates a portfolio of hotels and resorts across key global markets. The firm also provides property management, leasing and facilities management services to institutional and retail clients, alongside civil engineering and construction capabilities via wholly owned subsidiaries.
City Developments maintains a broad geographical footprint, with projects and assets in Singapore, Greater China, Australia, the United Kingdom, Continental Europe and the United States. Its international expansion has been driven by strategic acquisitions, joint ventures and redevelopment of landmark properties. The company has also established real estate funds and joint-investment platforms targeted at lifestyle, logistic and hospitality assets, catering to institutional investors seeking exposure to Asia Pacific real estate.
Led by Chairman Kwek Leng Beng and Group Chief Executive Officer Sherman Kwek, CDL places strong emphasis on sustainability, innovation and digitalization. The company has set industry benchmarks for green building certifications, renewable energy integration and carbon-neutral goals. Through its corporate strategy, City Developments continues to pursue value creation by balancing long-term asset holdings with disciplined development activities, while advancing its commitment to community engagement and urban wellness initiatives.
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