Hong Leong Foundation, the philanthropic arm of Hong Leong Group Singapore has made a contribution of £300,000 (S$525,870) to the newly launched Lee Kuan Yew Fitzwilliam Fund. Established by Fitzwilliam College, Cambridge, the Fund that was launched in Singapore at The Arts House (formerly Old Parliament House) offers opportunities to support and promote intellectual exchanges between Singapore and the well …
Read more

Hong Leong Group Executive Chairman Mr Kwek Leng Beng was tonight accorded a Lifetime Achievement Award at the Asia Pacific Entrepreneurship Awards 2017. The prestigious accolade was in recognition of his “outstanding achievements, visionary leadership and steadfast dedication that has led to the successful growth of the Hong Leong Group for over five decades.” Organised by Enterprise Asia, a regional …
Read more

CDL Hospitality Trusts (“CDLHT” or the “Group”), a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate investment trust, and CDL Hospitality Business Trust (“HBT”), a business trust, has today announced the acquisition of Pullman Hotel Munich (the “Hotel”) and its office and retail components (the “Commercial Components”, and together with the Hotel, the “Property”) for …
Read more

City Developments Limited (CDL), through its wholly-owned subsidiary CDL Properties Ltd (CDLP), has successfully launched the first green bond by a Singapore company. The two-year senior secured green bond has raised S$100 million at 1.98% fixed rate due 2019. The investors comprised mainly financial institutions and fund managers. The green bond is issued under the CDLP S$700 million secured Medium …
Read more

Despite a challenging market, City Developments Limited (CDL) posted Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) of S$186 million for Q1 2017 (Q1 2016: S$205 million), and Profit after Tax and Minority Interests (PATMI) of S$85.5 million (Q1 2016: S$105.3 million). The lower EBITDA and PATMI compared to Q1 2016 were due to a range of factors, including the …
Read more

City Developments Limited (CDL)’s 174-unit luxury freehold residential development, Gramercy Park, along Grange Road has achieved positive sales. To date, its 87-unit North Tower launched in Phase 1 has sold 70 units (80%). Riding on the positive sales momentum, Phase 2, comprising the 87-unit South Tower, was soft launched on 30 March 2017. Eleven of the 20 South Tower units …
Read more