City Developments Limited

City Developments Limited (CDL), sometimes also known as CityDev, is a Singaporean multinational real estate operating organisation. Founded in 1963, CDL first developed projects in Johor Bahru, Malaysia, as well as in Singapore. Due to geo-political changes, CDL was making a loss before being controlled by Hong Leong Bank via shares acquisition in 1969. Since then, CDL has developed many types of properties from shopping malls to integrated developments. CDL is currently headquartered in Republic Plaza, Singapore. Kwek Leng Beng is its current chairman and Sherman Kwek, Kwek Leng Beng's son, is its current chief executive officer.

City Developments Limited
Company typePublic
Traded as
SGX: C09
Industry
Founded7 September 1963 (1963-09-07)
Headquarters
Singapore
Key people
Revenue S$3.43 billion (2019)
S$754 million (2019)
Net income
S$565 million (2019)
ParentHong Leong Financial Group
Websitewww.cdl.com.sg
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