Company type | Public |
---|---|
SGX: C09 | |
Industry |
|
Founded | 7 September 1963[1] |
Headquarters | |
Key people |
|
Revenue | S$3.43 billion[3] (2019) |
S$754 million[3] (2019) | |
S$565 million[3] (2019) | |
Parent | Hong Leong Financial Group |
Website | www |
City Developments Limited (CDL), sometimes also known as CityDev,[4] is a Singaporean multinational real estate operating organisation.[5] Founded in 1963, CDL first developed projects in Johor Bahru, Malaysia, as well as in Singapore. Due to geo-political changes, CDL was making a loss before being controlled by Hong Leong Bank via shares acquisition in 1969. Since then, CDL has developed many types of properties from shopping malls to integrated developments.[5] CDL is currently headquartered in Republic Plaza, Singapore. Kwek Leng Beng is its current chairman and Sherman Kwek, Kwek Leng Beng's son, is its current chief executive officer.