City Developments Limited

City Developments Limited
	Republic Plaza, CDL's flagship building and headquarters
Company type	Public
Traded as	SGX: C09
Industry	Commercial; Financial services; Hospitality; Real estate; REITs; Residential; Retail;
Founded	7 September 1963
Headquarters	Singapore
Key people	Kwek Leng Beng (chairman); Sherman Kwek (chief executive officer);
Revenue	S$3.43 billion (2019)
Operating income	S$754 million (2019)
Net income	S$565 million (2019)
Parent	Hong Leong Group
Website	www.cdl.com.sg

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. However, due to the racial and political situation in Singapore and Malaysia, CDL was forced to sell its properties in Johor Bahru and consolidate itself into the Singapore market. CDL came under the control of Hong Leong Bank via shares acquisition in 1969. Since then, CDL has developed numerous 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. CDL also owns many subsidiaries, including Millennium & Copthorne Hotels.

^ "City Developments Limited". HistorySG. Archived from the original on 22 July 2019. Retrieved 4 June 2020.
^ ^a ^b "Singapore's Richest Family Clashes Over China Property Expansion". Bloomberg. 4 December 2020. Archived from the original on 20 April 2021. Retrieved 21 April 2021.
^ ^a ^b ^c "CDL Annual Report 2019". Archived from the original on 7 June 2020. Retrieved 7 June 2020.
^ "City Dev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay". The Edge Markets. 22 November 2019. Archived from the original on 27 November 2019. Retrieved 7 June 2020.
^ ^a ^b Jacky, C. S. (20 June 2017). "7 Things You Need To Know About City Developments Limited". Value Invest Asia. Archived from the original on 19 October 2021. Retrieved 7 January 2020.

[historysg-1] "City Developments Limited". HistorySG. Archived from the original on 22 July 2019. Retrieved 4 June 2020.

[bloomberg-20201204-2] "Singapore's Richest Family Clashes Over China Property Expansion". Bloomberg. 4 December 2020. Archived from the original on 20 April 2021. Retrieved 21 April 2021.

[annual_report_2019-3] "CDL Annual Report 2019". Archived from the original on 7 June 2020. Retrieved 7 June 2020.

[4] "City Dev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay". The Edge Markets. 22 November 2019. Archived from the original on 27 November 2019. Retrieved 7 June 2020.

[:0-5] Jacky, C. S. (20 June 2017). "7 Things You Need To Know About City Developments Limited". Value Invest Asia. Archived from the original on 19 October 2021. Retrieved 7 January 2020.

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