City Developments Limited (CDL) is one of the largest and most established property developers in Singapore. With a track record spanning over five decades, CDL has built an impressive portfolio of residential, commercial, and industrial properties across Asia, Europe, and the Middle East. In this article, we’ll take a closer look at CDL’s history, its business operations, and its future prospects.

History of CDL

CDL was founded in 1963 as a property development and investment company in Singapore. The company’s early projects included low-cost housing and industrial buildings. However, CDL’s first major breakthrough came in 1972 with the development of the prestigious Shangri-La Hotel Singapore, which helped establish the company’s reputation as a high-end property developer.

Over the years, CDL has expanded its operations beyond Singapore, with a presence in countries such as China, Australia, Japan, and the United Kingdom. Today, CDL is a diversified property and hospitality conglomerate with …

A shophouse located at 52 Boat Quay has been sold for a whopping $37 million – a gain of $16 million for the seller. Branded a modern and well-equipped commercial space following extensive renovations in 2015, the six-storey property occupies a 1,119 sq ft site with an estimated total built-up area of 6,446 sq ft. Savills Singapore was responsible for brokering the deal.

The popular Italian restaurant Braci has taken residency on the top two floors, while an Izakaya bar occupies the ground floor. Corporate office tenants are located on the second and fourth floors.

The shophouse generated considerable interest from potential investors, according to Yap Hui Yee – executive director of investment sales and capital markets at Savills Singapore. She notes the property’s charms, adding that for it to be available for sale is a rarity, given that shophouses in the area are usually well-maintained.

A glance at the …

Jurong Condos are gaining traction among property buyers and investors in Singapore. Located in the western part of Singapore, Jurong is the largest industrial and residential area in the country, making it an attractive place for property buyers and investors. The area offers a variety of housing options, from high-end condos to more affordable apartments.

The Jurong area is close to the Jurong Industrial Estate, making it convenient for those who want to work and live in the same area. The area is also close to the MRT and other public transportation, making it easy to get around. There are also many amenities in the area, such as shopping malls, restaurants, entertainment, and parks.

Jurong condos are known for their good design and quality construction. Many of the condos offer views of the sea or the city skyline. The condos come in a variety of sizes and layouts, so buyers …