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CDL's Overview

Total employees903
HeadquartersSingapore
Founded

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 143 locations in 28 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. With a proven track record of over 60 years in real estate development, investment, and management, CDL has developed over 50,000 homes and owns around 21 million square feet of gross floor area in commercial, residential and hospitality assets globally.

Where is CDL's Headquarters?

HQ Function

Serves as the central hub for global strategy, corporate governance, financial management, investment decisions, and operational oversight for CDL's worldwide activities.

Notable Features:

Republic Plaza is one of Singapore's tallest skyscrapers, known for its distinctive tapered design, earthquake-resistant features, and direct MRT (Mass Rapid Transit) connectivity. It incorporates sustainable features and offers panoramic city views.

Work Culture:

The HQ fosters a professional, dynamic, and results-oriented work environment, emphasizing innovation, sustainability, and collaboration, reflecting its status as a leading real estate developer.

HQ Significance:

The headquarters' prime location in Singapore's financial hub underscores CDL's prominence in the global real estate market and its commitment to excellence and strategic growth.

Values Reflected in HQ: The HQ's iconic status, prime location, sustainable features, and continuous upgrades reflect CDL's values of excellence, innovation, sustainability, long-term vision, and leadership in the real estate industry.

Location:

CDL supports a wide array of functions globally, including property development across residential, commercial, and mixed-use sectors; asset and fund management; hospitality through its global hotel network in key gateway cities; and strategic investments in new markets and real estate-related ventures. This global reach, spanning 143 locations in 28 countries and regions, enables market diversification and leveraging of local expertise to create value.

Street Address:

9 Raffles Place, Republic Plaza

City:

Singapore

State/Province:

Singapore

Country:

Singapore

CDL's Global Presence

Shanghai, China

Address: Unit 901-903, HKRI Centre Two, HKRI Taikoo Hui, 288 Shimen Yi Road, Jing’an District, Shanghai 200041, China (CDL China Limited Head Office)

To expand CDL's footprint in strategic Chinese cities, capitalizing on growth opportunities and contributing to urban development with high-quality, sustainable projects.

London, United Kingdom

Address: 28 Pavilion Road, Knightsbridge, London SW1X 0HH, United Kingdom (CDL London Office)

To strengthen CDL's presence in the UK, a key global financial and property hub, by developing iconic properties and seeking strategic investments for long-term value creation.

Brisbane, Queensland, Australia

Address: Level 5, 345 Queen Street, Brisbane QLD 4000, Australia (CDL Australia Head Office)

To expand CDL's investments and development activities in Australia, leveraging the country's stable economy and demand for quality real estate in key urban centers.

Buying Intent Signals for CDL

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of CDL

As of April 2025, CDL' leadership includes:

Kwek Leng Beng - Executive Chairman
Sherman Kwek - Group Chief Executive Officer
Kwek Eik Sheng - Group Chief Operating Officer
Yiong Yim Ming - Group Chief Financial Officer
Esther An - Chief Sustainability Officer

Investors of CDL

CDL has been backed by several prominent investors over the years, including:

Hong Leong Investment Holdings Pte. Ltd. (Major Shareholder)
Various institutional investors
Retail investors (as CDL is publicly listed on SGX)

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

In the past 12 months, City Developments Limited has announced board-level transitions set for April 2024, including the retirement of an Independent Non-Executive Director and the appointment of a new one, reinforcing its governance structure. No major changes within the core C-suite executive team (CEO, COO, CFO) have been publicly announced during this specific period.

Departures

Mr Chan Wan Fook, David, Mr Chan Wan Fook, David, to retire as Independent Non-Executive Director following the AGM on 25 April 2024.

New Appointments:

Mr Lee Jee Cheng, Philip, Mr Lee Jee Cheng, Philip, to be appointed as Independent Non-Executive Director effective 26 April 2024.

Technology (Tech Stack) used by CDL

Discover the tools CDL uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

CDL Email Formats and Examples

Common email formats for City Developments Limited (CDL) likely follow standard corporate patterns using the cdl.com.sg domain. While exact structures can vary, a frequent pattern is combining the first initial and last name.

[firstinitial][lastname]@cdl.com.sg

Format

skwek@cdl.com.sg (example based on a common format for Sherman Kwek)

Example

70-80%

Success rate

News and media

The Straits TimesFebruary 28, 2024

CDL posts 55.5% drop in H2 earnings to S$36.7 million, declares $0.08 final dividend

City Developments Limited (CDL) reported a 55.5% decline in net profit for the second half of 2023, attributed to higher financing costs and the absence of substantial divestment gains seen in the previous year. A final dividend of 8 cents per share was proposed....more

The Business TimesFebruary 23, 2024

CDL secures S$400 million green loan for Newport, M&C’s London hotels

CDL secured a S$400 million green loan to finance the redevelopment of Newport Plaza into a mixed-use project and for asset enhancement initiatives at two of Millennium & Copthorne Hotels' London properties, highlighting its sustainability commitment....more

EdgeProp SingaporeJanuary 29, 2024

CDL sells 115 units (22%) of Lumina Grand EC on launch weekend

CDL and MCL Land's joint venture executive condominium project, Lumina Grand, saw strong demand, selling 115 of its 512 units (22%) during its launch weekend. The project is located in Bukit Batok West Avenue 5....more

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