The brains and brawn behind what is arguably Singapore’s most progressive, advanced and exclusive residential real estate project is CDL – City Development Limited. CDL is a Singapore-listed multi-national real estate franchise with interests spanning over 97 prime locations in close to 30 different countries. Seven of their subsidiary companies are also listed on stock exchanges in London, Singapore, and the Philippines. And as one of the biggest Singaporean companies ( by market capitalization and customer presence ), CDL boasts a geographically-diversified investment portfolio that includes offices, residences ( such as New Futura ), serviced apartments, hotels, integrated developments, and mega shopping malls. Cumulatively, we are talking about approximately 18 million sq.ft of occupied floor area.
That being said, City Development Limited has numerous noteworthy assets in what is considered the planet’s largest hotel consortiums – M&C ( Millennium & Copthorne Hotels ). It’s London-listed subsidiary, which CDL has vested interests in, has more than 130 hotels under its wing scattered across different gateway cities in various parts of the world.
Globally speaking, City Development Limited is responsible for the development of 40,000 homes and is generally considered Singapore’s biggest commercial landlords. In fact, CDL owns one of the largest landbanks out of all private developers in Singapore.
By launching New Futura, CDL is building on an impressive track record of over five decades of excellent, world-class real estate investment, development, and management. New Futura is just one of the many examples that CDL has the potential, workforce, and temerity to come up with outstanding architectural landmarks. In fact, it has developed and nurtured growth platforms in 5 different key international markets among them; US, UK, Japan, China and Australia.
This real estate development and investment giant continually leverages some of its more stable prime assets in a bid to amass the funds needed expand its reach. Currently, City Development Limited has approximately $4 billion in liquid funds in its management basket.
New Futura is a clear embodiment of CDL’s mission and vision, which is to develop innovative and quality living spaces that can host desirable homes, secure investments, and competitive businesses. And considering that one of City Development Limited’s most prized principles is to create sustainable profitability whilst conserving the environment, it is no surprise that New Futura has all the hallmarks of an environmentally-friendly architectural design language. And in line with one of their mantras – to build strong bonds with the surrounding community – CDL is also involved in more than a dozen worthy causes in Singapore.