The Business Times
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HOCK LOCK SIEW

CDL should consider splitting its business, listing a trust to realise shareholder value

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Leslie Yee

Leslie Yee

Published Wed, Sep 27, 2023 · 05:00 AM
    • Hong Leong Investment Holdings, where Kwek Leng Beng is executive chairman, owns an interest totalling about 49 per cent in CDL.
    • Hong Leong Investment Holdings, where Kwek Leng Beng is executive chairman, owns an interest totalling about 49 per cent in CDL. PHOTO: CDL

    THERE are several local companies that are over a hundred years old. Still, turning 60 marks a major milestone for any business.

    Given its rapid growth, City Developments Limited (CDL), which turned 60 recently, has plenty to celebrate. 

    The real estate company started as a housing developer with eight employees at a rented office in Amber Mansions along Orchard Road in September 1963. Today, CDL is a global group with over 8,000 employees. Its geographically diverse portfolio comprises homes, offices, hotels, serviced apartments, student accommodation, malls and integrated developments.

    City Developments Ltd (CDL)S-ReitsProperty developersHock Lock SiewSpotlight

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