Coco Palms Developer-Joint venture by Hong Realty (Private) Limited, City Developments Limited & Hong Leong Holdings Limited
City Development Ltd (CDL)
City Developments Limited (CDL) has been Singapore’s property pioneer since 1963. It is a Singapore listed international property and hotel conglomerate involved in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions.
With an extensive network of more than 350 subsidiaries and associated companies under its wings, the Group currently owns and manages a solid portfolio of residential and investment properties, including hotels. CDL’s network spans over 80 locations across 27 countries, including Asia, Europe, Middle East, North America and New Zealand/Australia. Its China division and wholly-owned subsidiary, CDL China Limited, has been strategically making inroads in China’s key cities.
In Singapore, CDL has established a remarkable track record of having developed over 30,000 luxurious and quality homes catering to a wide range of market segments. As one of Singapore’s biggest landlords, it owns over 7.8 million square feet lettable area of office, industrial, retail, residential and hotel space locally and globally. The Group possesses one of the largest land banks amongst private developers in Singapore, with over 3.2 million square feet that has the vast potential of being developed into over 9.3 million square feet of gross floor area.
The Group’s global presence is led by its diversification into hospitality management and the acquisition of hotel assets through CDL’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C). As one of the world’s largest hotel groups, M&C owns, asset manages and/or operates over 100 hotels globally.
As a socially responsible corporation, CDL is fully committed towards environmental sustainability and has been taking the lead in shaping Singapore’s built environment since the 1990s.Testament to its commitment towards Corporate Social Responsibility (CSR), sustainable development and holistic approach towards building excellence, CDL was the first company honoured with the President’s Social Service Award and President’s Award for the Environment in 2007 in Singapore. It was also the only developer to be accorded the Built Environment Leadership Platinum Award in 2009 and Green Mark Platinum Champion Award in 2011 by the Building and Construction Authority, the governing authority for Singapore’s built environment. In 2013, CDL was the first developer to receive the prestigious Quality Excellence Award – Quality Champion (Platinum) and Construction Productivity Award – Advocates (Platinum) from BCA.CDL has the distinction of being the first Singapore company to be listed on three of the world’s sustainability benchmarks – FTSE4 Good Index Series since 2002, Global 100 Most Sustainable Corporations in the World since 2010 and the Dow Jones Sustainability Indexes since 2011. It is also a founding member of Singapore Compact for CSR, and one of the pioneer Singapore signatories of the United Nations Global Compact to lend support to the advancement of responsible corporate citizenship in Singapore.
Some of CDL’s projects include One Shenton, Wilkie Studio, Volari, UP@Robertson Quay, Buckley Classique, Shelford Suites, The Arte, 368 Thomson, H20 Residences, New Futura, Cliveden at Grange, Hundred Trees, The Tapestry, Haus On Handy and Jewel@Buangkok. Other joint ventures include
–The Venue Residences and Shoppes, Bartley Residences, Tree House, Boulevard 88 with Hong Leong Holdings
–Bartley Ridge, The Inflora, Hedges Park, Forest Woods with Hong Leong Holdings and TID Pte Ltd.
–Commonwealth Towers, Livia, D’Nest, Echelon, The Palette with Hong Leong Holdings and Hong Realty
–Haus@Serangoon Garden with Hong Realty
–The Brownstone (EC), The Criterion (EC) with TID Pte Ltd
–South Beach Residences with IOI Group
Hong Leong Holdings Limited
Hong Leong Holdings Limited (HLHL) was established in 1968 as Hong Leong Group’s privately-held property investment and development companies. One of Singapore’s property pioneers, HLHL has been a major player in the property market, making it one of the most sought-after providers of a comfortable home. Up to date it has developed over 50 residential properties and manages 12 commercial properties. Some of its more recent developments include a range of mid-market to luxury residential developments in enviable locations in Singapore.
Looking forward, HLHL continues to seek improvement and expansion in its business while maintaining its distinct level in design, sustainability and customer service.
The Company’s Structure
- Business Development
They are at the forefront of the company focusing on new business opportunities locally and worldwide. With a sharp business acumen accompanied with an intuitive and interpersonal nature, they build the foundations of a project’s success.
- Design and Project Development
They believe that any successful project development will depend on a good collaborative working attitude, a positive communication style and an inherent determination to give and do their best. This is a considerable amount of responsibility and commitment which will always require astute and proper planning, collaboration and management, as well as an inimitable taste for design and meticulous construction of the various developments. - Sales, Leasing and Marketing
The smart and smooth operation of marketing channels enable a company to establish a firm and stable foundation for reliable revenue. They are responsible for the marketing, sales and rentals of all commercial and residential properties. Not only is the appropriate advertising and marketing material facilitated, their fundamental awareness that customer relations, both in dexterously maintaining established ones and forming new ones, are just as important an asset like no other.
- Human Resource
Investing in human capital & managing talent are vital to how the company continues to live and breathe. Partnering effectively with the business leaders, they focus to maintain a cohesive and harmonious structure to attract, develop and retain key staff to bring out the heart of the company in its future business and growth.
- Kingston Property Maintenance Services Pte Ltd
The sustainability and longevity of a project is determined by the expertise in protecting and maintaining the project’s interests. KPMS, a subsidiary of Hong Leong Holdings Ltd, is responsible for securing and ensuring the smooth operation of all property facilities from HLHL. KPMS provides professional management and maintenance services, such as security,fire safety, car park management, mechanical/electrical maintenance of the properties and accounting services. KPMS is also a registered contractor with the Building and Construction Authority (BCA) and has secured a grade “A” in the Security Agency Grading Exercise 2008.
Legal, Finance and Accounting being the least visible, they are in fact the most important ingredient for the company’s recipe for success. A believer in taking a firm yet positive role plays a substantial part in getting the right communication across and fulfilling daily work commitments.
About Hong Leong Group Singapore
The Hong Leong Group is one of Singapore’s largest local private sector conglomerates engaged in a wide range of businesses in the Asia-Pacific, Europe and North America. The Group’s five core businesses are property investment and development, hotel ownership and management, financial services, trade & industry and e-Business.
- Property
In Singapore, the Group has won a huge reputation as an innovative entrepreneur and a key player in the property market. Through its Singapore-listed City Developments Limited (CDL) and Hong Leong Holdings Ltd, it holds the largest non-government residential land bank, and is rated the largest residential developer as well as the biggest commercial landlord in Singapore’s core Central Business District.
- Hotels
The Group’s London-listed hotel arm, Millennium & Copthorne Hotels plc (M&C), is Singapore’s largest international hotel group. M&C owns, asset manages and operates over 114 hotels and over 29,000 rooms in 18 countries worldwide. This puts the Group at the top of the league scoreboard among Asia’s hotelier elite boasting worldwide operations, which include subsidiaries New Zealand-listed CDL Hotels New Zealand and Manila-listed Grand Plaza Hotel Corporation.
- Financial Services
Hong Leong operates Singapore’s largest finance house, Hong Leong Finance Ltd serving customers island-wide. Over the years, Hong Leong Finance has focused on its commitment to serving the man-in-the-street. With total assets of S$7.5 billion in 2006, Hong Leong has consistently been introducing new and enhanced products and services to complement existing ones which cater extensively to the varying needs of its customers.
- Trade & Industry
Notably, the Group is well entrenched in the expanding China market, represented by Singapore-listed Hong Leong Asia which controls multiple businesses. Its diversified interests, ranging from manufacturing to quarrying and distribution is poised to tap into the region’s emerging markets.
- Corporate Citizenship
Beyond the bottom line, the Hong Leong Group demonstrates its commitment to the community through Hong Leong Foundation, an active corporate sponsor and donor to civic causes and cultural activities at home and abroad.
The Hong Leong Group has a proud record of continuity and stability since its founding in Singapore by Kwek Hong Png in 1941. Today the second generation of Kweks is at the helm, headed by Kwek Leng Beng. It’s a team of star strikers with its sights firmly set on defined goals. To achieve its new vision the Group is now armed with the tools of today’s Information Technology age and a forward-looking, international mindset, in tune with the new millennium.
Some of Hong Leong Group’s projects include The Jovell, The MeyeRise, 76 Shenton, Aalto, Sage@Nassim, Azalea Park Condominium, Ballota Park, Bishan Park Condominium as well as the following joint ventures
–Bartley Ridge, The Inflora, Hedges Park, Forest Woods which is a joint venture with City Developments Limited and TID Pte Ltd.
–Commonwealth Towers, Livia, D’Nest, Echelon, The Palette with City Developments Limited and Hong Realty
–The Venue Residences and Shoppes, Bartley Residences, Tree House, Boulevard 88 with City Developments Limited.
–The Scala with Hong Realty and TID Pte Ltd
–Midwood with Hong Realty.