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Building on Solid Ground CDL’S “Gift to the Nation” Global Excellence in Green Building Shaping Young Minds CITY HYPE JANUARY 2014 Building on Solid Ground

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Building on Solid Ground CDL’S “Gift to the Nation” Global Excellence in Green Building Shaping Young Minds CITY HYPE JANUARY 2014 Building on Solid Ground JANUARY 14 A Quarterly Publication by City Developments Limited Building on Solid Ground CDL’s “Gift to the Nation” Global Excellence in Green Building Shaping Young Minds CITY HYPE JANUARY 2014 Building on Solid Ground ROOTED IN RICH HERITAGE As Singapore’s property pioneer, we For the year 2013, CDL and our joint Singapore’s Trusted Property Pioneer embrace our position as an impetus to venture partners launched seven bold for organic growth. We will stay nimble, A Happy New Year to one and all! innovate, invest and improve the ways and inspirational residential lifestyle as we hone our growth stratagems and buildings sustain life. Since we first choices that cater to diverse market fortify our business strategies, responding 2014 marks a new era for the CDL embarked on our journey to “green” our segments, all of which have been proactively to the ever-changing market story. The legacy of our past 50 years buildings in the mid-1990s and re-aligned well-received. In total, the CDL Group, conditions. has been one of sustained growth our business strategy with a holistic along with our joint venture partners, and accomplishment, well-defined by approach in mitigating the environmental sold 3,210 units, including Executive We remain deeply rooted in the exciting chapters as the Company went impact of our operations, we have steered Condominiums (ECs), at a value of traditional Chinese belief of “取诸社会用 through rapid expansion, diversification, many of our builders and consultants about S$3.32 billion, emerging as one 诸社会” – returning to society what one regionalisation and globalisation. towards new benchmarks of green of the top-selling residential developers has gained from it, which is core to CDL’s excellence. in Singapore. This strong performance management philosophy and the bedrock Over the years, we have not just marks an increase of 34% over the 2,395 of our CSR conviction. As a corporate shaped cityscapes with indelible With a portfolio of some 70 Building units sold in 2012. citizen, we embrace our responsibility to architectural gems, but have also and Construction Authority (BCA) Green make a difference and create a positive contributed towards the “greening” of Mark awarded properties, each new CDL The Group’s other business segments impact on our social landscape. We aim Singapore’s built environment, promoting development continues to reflect our also continued to perform steadily, with to break new grounds by pioneering corporate citizenry as a forerunner in commitment to design sensitively, build the office portfolio enjoying healthy more sustainable developments, Corporate Social Responsibility (CSR), sustainably and manage sensibly. occupancy above the industry average championing worthy community causes, and placing Singapore on the global of 96.4% as at Q3 2013, while our hotel and using City Sunshine Club – CDL’s map for sustainability. Globally, we are honoured that our efforts subsidiary, Millennium & Copthorne staff volunteer platform – to reach out have also helped place Singapore on Hotels plc (M&C), achieved a net profit to the community. To commemorate our 50th Anniversary in the world map for sustainability. The after tax and non-controlling interests of 2013, we leveraged on our core expertise first Singapore corporation to be listed £32.4 million, an increase of 5.5% over Together, we will advance into a future as a green developer, to create and present on three leading global sustainability the same period in 2012. that is built on sound management, two green “gifts” to Singapore: My Tree benchmarks – FTSE4Good Index Series exceptional quality and constant House – World’s 1st Green Library for (since 2002), Global 100 Most Sustainable FORGING A NEW GOLDEN innovation, and one that has a heart for “As Singapore’s property pioneer, we embrace Kids and CDL Green Gallery @ Singapore Corporations in the World (since 2010) JOURNEY the community. To borrow a quote from and the Dow Jones Sustainability Indices our position as an impetus to innovate, invest Botanic Gardens Heritage Museum – the late Nelson Mandela, “After climbing Singapore’s 1st Zero Energy Green Gallery. (since 2011), we were also recently We have proven ourselves resilient in a great hill, one only finds that there are and improve the ways buildings sustain life.” named a Regional Sector Leader for Asia what has been another challenging year many more hills to climb.” More than just first-of-its-kind green in the Global Real Estate Sustainability and on behalf of the Board, I would like projects, they represent our commitment Benchmark (GRESB) Report 2013. These to thank all our employees, business Our journey is ever evolving. There’s no as an eco-developer to “Conserve as independent global ratings demonstrate partners, customers and stakeholders for end to what we can achieve – and deliver we Construct”. Through My Tree House the commitment of our business to good your invaluable support. even greater value for all our stakeholders and the CDL Green Gallery, both of governance as well as high environmental and the community at large. which are open to the public, we hope and social performance. Our strength lies in our many years of to encourage greater awareness on the experience, strong balance sheet and The next five decades of the CDL story importance of green building and foster RESILIENCE AMIDST a well-diversified global portfolio which begins now. eco-consciousness amongst the wider TURBULENCE includes property development and community. investment, hotel operations, a hotel While economic uncertainty continues real estate investment trust (REIT), and Beyond the brick-and-mortar, we have to persist and present a challenging an expanding China and UK investment Kwek Leng Joo always subscribed to the view that a operating environment for businesses platform, among others. Managing Director successful business does not just create globally, the CDL Group demonstrated value for its investors, but must also resilience with a net profit after tax and Moving ahead, we will continue to 1 deliver a lasting and positive impact on non-controlling interests of S$120.6 leverage on our core competencies 2 the community it operates within. million for Q3 2013. and build on our privileged position as CITY HYPE JANUARY 2014 Celebrating a Dynamic Cityscape 50 years on, CDL has developed over 30,000 luxurious homes and built up an enviable portfolio of global assets totalling S$15.6 billion in 2012. More than just envisioning award-winning dream homes and introducing innovative lifestyle concepts, CDL’s unwavering commitment to responsible and sustainable practices have gained both local and global recognition. Homes of Distinction – From Affordable to Premium Luxury Artist’s Impression Artist’s Impression Artist’s Impression In 2013, CDL and its joint venture partners Lush Acres, a 380-unit nature-inspired The Venue Residences and Shoppes, an exciting The Inflora, a 396-unit condominium at Changi/ officially launched seven residences that Executive Condominium (EC) located just a mixed development, offers 266 apartments Pasir Ris is priced competitively and initial cater to different target markets. short walk to Layar LRT station, features a first- and 28 retail and dining units. Situated along response was overwhelming, with over 95% of of-its-kind Agri-Cube Hydroponic Farm from Tai Thong Crescent, at the junction of Upper the project sold within a few days of its launch. These iconic developments offer Japan. Residents can try growing temperate Serangoon Road and MacPherson Road, it is The project is now fully sold.* climate crops, creating a new dimension just 3-minutes’ walk from Potong Pasir MRT luxurious and functional living spaces with in community gardening through green station. 50% of the retail/F&B units and 60% of innovative eco-friendly features that raise Artist’s Impression Artist’s Impression technology. This Building and Construction the residential units released for sale have been the bar for living concepts. Authority (BCA) Green Mark Platinum residence taken up.* is over 99% sold.* Echelon, a 508-unit development, is centrally Bartley Ridge, an 868-unit development positioned at Alexandra View – at the fringe of located at Bartley Road/Mount Vernon, within the city and at the edge of the much sought- 2-minutes’ walk to Bartley MRT station, has after Tanglin residential enclave. With two seen strong take-up with 85% of the project soaring 43-storey towers, it is just a stone’s sold.* throw away from Redhill MRT station. It is almost sold-out with only three units left.* Towards Greater Heights Since the 1990s, CDL has been shaping Europe to win this accolade – in addition in Business Excellence and Singapore’s built environment by driving to the RoSPA Gold Medal Award for Corporate Citizenry building excellence across all dimensions Occupational Health and Safety. within its value chain and the industry. For CDL, business success goes beyond Through various first-of-its-kind initiatives Other key honours include the BCI Asia doing well financially. As much as it is such as the CDL 5-Star Environmental, Top 10 Developers Award for the third important to achieve creditable results, Health and Safety (EHS) Assessment consecutive year, as well as the Internal a successful corporation must also strive System and Awards to enhance the Audit Excellence Merit Award and Most to do good and create greater value environmental performance and promote Transparent Company Award – Runner-Up for the wider community. quality and construction excellence at its (Real Estate Category) at the Securities project sites, CDL has achieved numerous Investors’ Association (Singapore) This firm belief has been the impetus industry benchmarks. Investors’ Choice Awards 2013. CDL for CDL’s interminable efforts to break was also named a Regional Sector In 2013, CDL was honoured as the first Leader for Asia in the Global Real Estate Artist’s Impression Artist’s Impression new grounds in all aspects of business excellence and leadership.
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