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CITY
NEWS
A QUARTERLY UPDATE BY
CITY DEVELOPMENTS LIMITED JAN — MAR 2017
building
our future
Forest Woods Connectivity @ Work: CDL Ranked World’s
— A Big Hit with Distrii to Open in Most Sustainable
Homebuyers Republic Plaza Real Estate Company
LET’S TALK LET’S TALK
Happy New Year to one and all! Building Collaborative Partnerships Finally, we will retool our organisation towards a performance-driven
approach, enhancing both efficiency and effectiveness. In tandem with
World events last year have reminded us yet again that firstly, nothing Multi-dimensional disruption is the future of work and to remain this, we will implement several initiatives to develop our human capital
is ever predictable; secondly, one should never assume nor take things relevant, businesses must embrace the spirit of ‘creative destruction’ from Balanced Scorecards to talent management. By broadening our
for granted; and thirdly, our response to these changes is even more and reinvent themselves. At CDL, we are actively seeking strategic core competencies, this transformative exercise will position us well to
important than the change itself. investments and partnerships for immediate entry into fast-growing, achieve our growth targets for Singapore and overseas.
new economy sectors which complement our business and enhance
The global economy will need time to grapple with these challenges our recurring income streams. On this note, I would like to express our heartfelt appreciation to you,
and uncertainties in the near-term, as both markets and industries our valued stakeholders, for your support over the past year. We look
continue to adapt to a post-Brexit world and a new US administration. Last September, we announced our RMB 100 million investment for forward to blazing new trails with you in this new year ahead!
Amidst these headwinds, opportunities await — and economies that a 20% stake in mamahome, one of China’s fastest growing online
are agile will be the most resilient. apartment rental platforms. Operating under an asset light model with
a focus on internet expansion, mamahome represents an efficient
Organisations such as CDL must stay nimble and swift to implement manner to grow market share. Grant Kelley
innovative strategies outside their traditional playbook. We believe that CDL Chief Executive Officer
prudent capital management, strong stewardship, cost control and More recently, we also announced a RMB 72 million investment for
investment discipline will be key drivers of business success in the new a 24% stake in Distrii, China’s leading co-working space operator.
economy. Distrii will lease over 60,000 square feet of space at Republic Plaza,
CEO’S NEW YEAR MESSAGE:
BUILDING
CDL’s flagship commercial property in the heart of Singapore’s Central
Building Value Business District, for its first international facility. Scheduled to open
in 1H 2018, the space is expected to be one of the largest co-working
OUR
For over five decades, CDL has built a solid track record in residential facilities in Singapore, integrating food and beverage, entertainment,
property development especially in our home market of Singapore. recreational and office facilities.
Despite challenging market conditions, in 2016, CDL, together with
FUTURE
our JV associates, sold a total of 1,017 units (including Executive Aside from contributing future long-term recurring income streams,
Condominiums), with a sales value of about S$1.25 billion. By these partnerships offer CDL immediate exposure to business
comparison, in 2015, we sold 674 units with a sales value of about segments with significant potential growth and future synergies. Both
S$691.5 million. On a consolidated basis, Hong Leong Group emerged the mamahome and Distrii platforms provide scalability and can be
as the top developer with the most number of units sold in Singapore effectively applied to our asset portfolio.
for 2016.
Notably, besides clearing our existing inventory, CDL also launched two Building on Strength
new residential projects — Gramercy Park and Forest Woods — both
of which were well received by the market. The 519-unit Forest Woods, In 2017, we will continue to execute against three strategic objectives.
which is a five-minute walk to Nex Shopping Mall and Serangoon MRT
interchange and bus interchange in particular, was one of the year’s Firstly, we will actively seek acquisitive opportunities, deploying our war
best-selling condominium projects, and is now 74% sold since its chest while maintaining strict discipline in our investment approach.
launch in October. CDL is currently very well-poised with a strong cash position of over
S$3 billion to capitalise on acquisitive opportunities at the right price,
Our overseas development projects in China, Australia, Japan and UK especially during this period of market dislocation.
also recorded steady sales performance. In particular, the Hong Leong
City Center project in Suzhou has sold a total of 1,031 units to date in Secondly, we will continue to recalibrate our asset portfolio, enabling
its Phase 1 launch. Its strong performance will translate into a maiden us to unlock value with a specific focus on achieving our funds under
profit contribution in Q4 2016 results. management objective and enhancing our price-earnings multiple.
01 02
HOMERUN HOMERUN
power moves:
cdl executive chairman on
life! power list 2016
CDL Executive Chairman Mr Kwek Leng Beng was
ranked fifth on The Straits Times Life! Power List 2016.
The annual Life! Power List reflects the year’s most
influential people or groups who have contributed
towards the culture and lifestyle scene in Singapore.
Mr Kwek’s inclusion on the list is a recognition of his efforts in
differentiating the Millennium Hotels & Resorts brand from other
new hotels in the hospitality scene — by partnering with well-
known luxury brands and launching M Social Singapore, a new hotel
targeted at millennials.
Notable mentions include the appointment of Marriott International
to manage The South Beach hotel, making it the first JW Marriott hotel
in Singapore. The hotel, which is part of mixed-use development
South Beach, was rebranded as JW Marriott Hotel Singapore South
Beach in December 2016.
He also inked a deal to build an EDITION Hotel in Singapore, which
will be completed in 2019. The luxury boutique hotel is part of a
Artist’s Impression brand started by hospitality maverick Ian Schrager and is under
Marriott International’s stable of hotels.
Forest Woods was one of the projects that accounted for the 1,052 units sold by Hong Leong Group in 2016.
Mr Kwek had shared his delight at working with Mr Schrager for the
first time, although they have known each other for about 20 years,
forest woods
“We can work on a contemporary hotel that will be unexpected,
In Singaporean newspaper Lianhe Zaobao’s annual ranking refreshing and one of a kind.”
of top-selling property developers in Singapore, Hong
Leong Group came in first, based on data collected by the JW Marriott and EDITION hotels are well-known for their stylish
newspaper as at 14 December 2016.
— a big hit with homebuyers interiors and top-notch service.
The Group, which includes companies such as CDL, Hong Mr Kwek also unveiled a new hotel, M Social Singapore, in June 2016.
The 519-unit luxury residence was Leong Holdings Limited and TID Pte Ltd, sold 1,052 private Designed by superstar French designer Philippe Starck, the same
one of 2016’s bestselling private residential units for the year 2016, amounting to a sales value man behind The South Beach hotel, the 293-room hotel in Robertson
condominium projects. of S$1.33 billion. These units came from projects like Forest Quay appeals to millennials, a growing group of travellers.
Woods, which was launched for sale in October 2016 and has
since sold 380 units. In an interview with The Straits Times Life!, Mr Kwek shared that he is on the lookout for
opportunities, especially during volatile times like these, but it must be at the right price. Other individuals who have made it to the list include singer Nathan
Hartono, music conductor Wong Kah Chun and publisher of Epigram
Located a five-minute walk to Serangoon MRT interchange, Books Edmund Wee.
the project offers one-bedroom with study to four-bedroom
apartments, and single-storey five-bedroom penthouses. Unit
sizes range from 506 square feet (sq ft) for a one-bedroom
with study to 2,185 sq ft for the largest penthouse unit.
Hong Leong Group’s performance in 2016 was an
improvement from the previous year. In 2015, the Group sold
nearly 660 units, with sales amounting to S$690 million.
03 04
HOMERUN HOMERUN
hallmarks of
With a steadfast belief in building value for The late Mr Kwek had served on the REDAS Management Committee
the future, CDL continues to be recognised for for 14 years, from 1981 to 1994, and during his tenure as REDAS
President in 1989 to 1990, had initiated the REDAS’ Research &
its development excellence and contributions
excellence
Education Fund to support research programmes, scholarships and
towards the real estate industry. institutes of higher learning.
CDL Group General Manager, Mr Chia Ngiang Hong, also received
the REDAS Luminary Service Award, which is given to industry
leaders who have served on REDAS’ management committee for
more than 15 years.
CDL Group General Manager, Mr Chia Ngiang Hong (centre) received the REDAS Luminary
Service Award from Guest-of-Honour, Minister for National Development Lawrence Wong
(right) and REDAS President, Mr Augustine Tan (left).
asia top entrepreneurs awards
CDL Executive Chairman, Mr Kwek Leng Beng (centre) sharing a toast with Guest-of-Honour, Minister for National Development and Second Minister for Finance, Lawrence Wong (second from right) and
guests at the REDAS 57th Anniversary Dinner.
industry awards
real estate developers assocation
of singapore (redas)
REDAS paid tribute to various real
estate industry leaders for their
contributions to the industry, during
its 57th anniversary dinner themed CDL Deputy CEO and CDL China Chairman, Mr Sherman Kwek (second from left) at a press conference event in Shanghai, announcing CDL China’s investment in mamahome.
“Visioning Future, Building Forward”,
held in November 2016 at Ritz Carlton,
Millenia Singapore.
CDL Deputy CEO and CDL China Limited (CDL China) Chairman Mr As part of CDL’s strategic diversification, Mr Kwek drove major
Sherman Kwek was recognised with the Asia Top Entrepreneurs acquisitions in Japan and Australia. CDL acquired its first residential
An Honorary Award was accorded to
Award for Promising Business Leader. The award was presented by site in Japan, in Shirokane district of Tokyo’s Minato ward in 2014,
the late Mr Kwek Leng Joo, former CDL
Fortune Times, an established Singapore-based Chinese financial and acquired a stake in a prime residential project in Aoyama, also
Deputy Chairman, for his dedication
magazine focusing on equity, real estate and employment topics in in Minato ward, in 2016. CDL also re-entered Australia’s residential
and contribution to the Association
Singapore, Southeast Asia and Greater China. sector in 2015 through a joint venture project in Brisbane’s highly
as well as his deep commitment to
sought after South Bank precinct.
corporate social responsibility and
Mr Kwek played an instrumental role in CDL China’s growth. Since
environmental sustainability.
establishment in 2010, CDL China has made a total of more than
Mr Brian Kwek and Mr Kwek Eik Sheng, CDL Chief Strategy Officer (first and second from left) receiving the REDAS Honorary Award on RMB 2.5 billion of acquisitions in China — with four projects in
behalf of their father, the late Mr Kwek Leng Joo, former CDL Deputy Chairman. Chongqing, Shanghai and Suzhou totalling over 500,000 square
metres (sqm) of gross floor area.
05 06
HOMERUN BIZBUZZ
CDL RANKED “
There are tremendous
WORLD’S MOST
opportunities for companies
to create value through
SUSTAINABLE REAL ESTATE COMPANY sustainability. With increasing
interest in Socially
First and only Singapore company
Responsible Investment,
listed for eight consecutive years.
we believe that CDL’s
Artist’s Impression
sustainability commitment
will enable us to tap these
Gramercy Park, which stands out with its unique sculptural design featuring two curvilinear towers, garnered multiple awards in 2016.
prospects ahead. ”
design & building
Mr Grant Kelley
CDL CEO
excellence
CDL celebrates its world-class developments that have been
recognised for iconic architecture and green building innovation. mipim asia awards 2016
· Best Residential Development (Gold) — Gramercy Park
· Best Innovative Green Building (Gold) — H2O Residences
·
CDL has emerged as the Top Singapore Company and the Most
Best Hotel & Tourism Development (Silver) — M Social
Sustainable Corporation in Real Estate Management & Development
Singapore and UP@Robertson Quay
in the prestigious Global 100 Most Sustainable Corporations in the
World in 2017.
southeast asia Coming in at the 30th spot, CDL is also the first and only
Singapore company to be listed on the Global 100 ranking for
property awards 2016 eight consecutive years.
· Best Developer, Singapore — Winner
The Global 100 is recognised as the world’s pre-eminent sustainability
equity index and gold standard in corporate sustainability analysis.
· Special Recognition in CSR, Singapore — Winner The 2017 ranking was announced at the World Economic Forum in
Davos, Switzerland in January 2017.
· Special Recognition in Sustainable Development,
Singapore — Winner
Commenting on CDL’s ranking, Mr Grant Kelley, CDL CEO said, “CDL
· Best Condo Development, Southeast Asia
— Winner, Gramercy Park
is honoured to be listed amongst the best global sustainability
leaders.”
The eco-inspired H2O Residences is the first private development to integrate with the surrounding
· Best Luxury Condo Development, Singapore
— Winner, Gramercy Park
“For over 20 years, our pursuit of sustainable development has
water bodies and park, connecting residents to an active riverfront lifestyle. built our stewardship in environmental, social and governance
(ESG) performance. In the long run, this not only enhances CDL’s
fiabci singapore
reputation, but also assists in risk mitigation, cost management and
drives improved operational performance.”
property awards 2016 CDL’s latest accolade in the Global 100 adds to its achievements
across other top sustainability rankings. It is the first Singapore
· Winner, Residential (Mid-Rise) Category
— The Palette
company to be listed on four of the world’s leading sustainability
benchmarks — FTSE4Good Index Series (since 2002), MSCI ESG CDL has been a forerunner in sustainability reporting since 2004, even
· Winner, Sustainable Development Category
— H2O Residences
Indexes (since 2009), Global 100 Most Sustainable Corporations
(since 2010) and Dow Jones Sustainability Indices (since 2011).
before the Singapore Exchange’s rules for sustainability reporting on a
‘comply or explain’ basis were introduced in 2016.
For more information, visit http://www.cdl.com.sg/sustainabilityreport2016/
Since 2014, CDL has also been Asia’s Top Property Developer,
Top Singapore Company and Top 10 Companies in the Channel
NewsAsia Sustainability Ranking.
The Palette, located a short stroll away from Pasir Ris MRT station, emerged Winner in the
Residential (Mid-Rise) Category, at the FIABCI Singapore Property Awards 2016.
07 08
BIZBUZZ BIZBUZZ
Artist’s Impression
Comprising 163 luxury apartments, Park Court Aoyama The Tower is strategically located within the prestigious Aoyama area of Minato ward. Apartments, which range from 389 to 3,789 sq ft
in size, are targeted at high-end domestic and foreign buyers.
EXPANDING FUNDS PLATFORM:
UNLOCKING VALUE IN NOUVEL 18
GEOGRAPHIC EXPANSION:
LUXURY TOKYO RESIDENCE ACQUISITION
HORIZONS
ACROSS MULTIPLE DIMENSIONS
CDL has established a funds management business through its
Profit Participation Securities (PPS) platform. In October 2016, it
announced its third PPS initiative, which unlocked value in Nouvel
18, its completed 156-unit luxury, freehold residential development
In Japan, CDL continued to accelerate its overseas expansion with an
investment into its second residential project in Tokyo — the Park
Court Aoyama The Tower. The 163-unit luxury residence has a total
gross development value of over JPY 50 billion (approximately S$668
in its residential market with robust demand for well-located
condominiums in the central five wards. In land-scarce Tokyo, this
is a rare opportunity to participate in a prime freehold residential
development.”
on Anderson Road. million) and sits on a prime freehold land site in the prestigious area
For over two years, CDL has been executing its of Aoyama within Minato ward. Leveraging a successful four-decade partnership on Singapore
5-year diversification strategy. Focused on two The transaction, which marked CDL’s exiting its interest in the residential projects, Park Court Aoyama The Tower marks the second
key dimensions — geographical expansion and development to a group of Singaporean investors, raised a total of Strategically located within a short walking distance to the well- collaboration between CDL and Mitsui Fudosan Group in Japan.
S$977.6 million. known Tokyo Midtown urban district and Aoyama-itchōme Station, In 2011, CDL’s hospitality subsidiary, London-listed Millennium &
product innovation — it targets to invest S$5 billion
Park Court Aoyama The Tower is connected to the Ginza, Hanzōmon Copthorne Hotels plc (M&C), developed its flagship hotel in Japan,
overseas in five key markets and raise S$5 billion in This PPS initiative marks CDL’s first funds management transaction and Toei Ōedo Lines. Residential units in Aoyama are highly desirable the Millennium Mitsui Garden Hotel Tokyo. The 329-room hotel is
funds under management, all within five years. involving a purely high-end residential asset. Its previous PPS among both locals and expatriates. currently managed by the Mitsui Fudosan Group.
initiatives include the monetisation of cash flows from its integrated
By the end of 2016, CDL is on track to achieve the development — The Quayside Collection — on Sentosa Cove for CDL acquired a 20% stake in the project from Mitsui Fudosan CDL first entered the Japan residential sector with the acquisition of
targets, with S$2.5 billion of acquisitions and over S$1.5 billion, and a joint investment in an office portfolio comprising Residential Co,. Ltd., the residential unit of Mitsui Fudosan Group, an expansive 4.2-acre iconic freehold site in prestigious Shirokane
three prime assets for S$1.1 billion. one of Japan’s largest integrated real estate developers. residential enclave in 2014. The site will be developed into a luxury
S$3.5 billion in funds under management.
residence with the provision of a public park and open space to
Mr Sherman Kwek, CDL Deputy CEO, said, “Japan’s real estate support the local community.
sector, in particular within Tokyo, is experiencing a strong boom
Nouvel 18 is situated on
an exclusive prime site of
approximately 112,098
square feet, tucked away
in a quiet enclave just a
few minutes’ walk from
Orchard Road. Designed by
renowned French architect,
Jean Nouvel, the project
has a chic, modern façade Artist’s Impression
and plentiful vertical and
horizontal greenery. Facilities available at Park Court Aoyama The Tower will include an indoor infinity swimming pool on the highest floor.
09 10
BIZBUZZ BIZBUZZ
Distrii’s flagship and largest co-working facility at Suhe Center in Jing’an, Shanghai, occupies three floors with 4,200 square metres and a seating capacity of 700. Distrii’s co-working facility at Suhe Center features an in-house café, a gymnasium, interior green landscaping, an indoor event space and 500 square metres of outdoor event space with lush surroundings.
connectivity “
Leading a new trend in the co-working industry, Distrii’s co- Users of Distrii’s co-working spaces include start-ups, small businesses,
working facility at Republic Plaza will integrate food and beverage, freelancers, independent contractors and frequent business travellers
Our investment in Distrii
entertainment, recreational and office facilities. Republic Plaza, a prime seeking to rent furnished and equipped spaces under flexible and enables us to immediately
@ work:
Grade A office building owned by CDL, is directly connected to Raffles cost-effective terms. These users are also attracted to the smart IT gain entry into the sector
Place MRT Station in the heart of Singapore’s Central Business District. infrastructure, social and collaborative environment that co-working
and will contribute to CDL’s
Distrii’s co-working facility at Republic Plaza is expected to open in 1H spaces provide. In addition to working alongside industry professionals
2018 as the space is still currently leased out. and counterparts, users are invited to networking events organised by long-term recurring income
DISTRII CO-WORKING FACILITY TO OPEN the operator. streams. Through this strategic
IN REPUBLIC PLAZA CDL Deputy CEO Mr Sherman Kwek said, “In line with CDL’s strategic partnership, CDL will contribute
diversification, we have been actively looking for innovative offerings According to a 2016 global survey by Deskmag, a leading co-working
and new growth platforms that are complementary to our core publication, the number of co-working spaces worldwide surged from
not only capital but also
CDL has signed an agreement to invest RMB businesses of real estate and hospitality. With the burgeoning sharing just 75 in 2007 to more than 7,800 in 2015, representing a compound provide our international
72 million for a 24% stake in Distrii, a leading economy, an increasingly mobile workforce and a greater requirement annual growth rate of 71%. market expertise to support
operator of co-working spaces in China. Marking for flexibility, we see strong potential in co-working spaces and the
Distrii’s expansion both in China
its first international foray, Distrii will lease demand for them has been rapidly growing.” Earlier, in September 2016, CDL’s wholly-owned subsidiary CDL China
over 60,000 square feet of space at Republic
Founded in January 2016, Distrii already has capacity for more than
Limited announced it would invest RMB 100 million for a 20% stake in
mamahome, a fast-growing Chinese online apartment rental platform.
and on the global scene. ”
Mr Sherman Kwek
Plaza, to create one of the largest co-working CDL Deputy CEO
2,200 members across nine locations in Shanghai, with 80% of this
facilities in Singapore. capacity being taken up already. With the rising popularity of co-
working facilities in many urban centres, Distrii will be opening a new
facility in Beijing in 1H2017 and plans to further expand in this city as
well as in Guangzhou, Shenzhen and other global gateway cities.
11 12
BIZBUZZ BIZBUZZ
The renovations to the 634-room JW Marriott Hotel Singapore South Beach include a more sleek and sophisticated look. Pictured: Deluxe Room, King.
Formerly The South Beach, the 634-room hotel is now managed Ms Christy Donato, Vice-President of Global Brand Management for JW
by Marriott International, and sports a sleek palette of brown and Marriott Hotels and Resorts, is not worried about filling rooms despite
white in its lobby and restaurants. Simple check-in counters with global economic slowdown and slower growth rate of tourist arrivals
plain white stools greet guests in the lobby, against a feature wall — as the brand appeals to luxury travellers, a growing demographic.
decorated in a staid, brown-and-white quatrefoil motif.
She said, “The luxury travel segment has grown by 50% over the last
Mr Kwek Leng Beng, Executive Chairman of Hong Leong Group and five years — that’s twice as much as any other type of travel. With
CDL, said the repositioning of the hotel is to “maximise returns on (French designer) Mr Philippe Starck designing the property, this
the property”. The Group is part of a consortium that owns the South hotel already came with a distinct point of view. But we elevated it by
Beach mixed-use development. marrying the JW focus on service and programming, such as the spa.”
Aside from the hotel, the South Beach mixed-use development also has an office tower, four heritage buildings, a retail area and residences. Mr Kwek added, “Outsourcing (operations) to a third party promotes A new 10-treatment room high-end spa named Spa by JW, is slated to
transparency. It also allows us to concentrate our resources on core open in the second quarter of 2017 in the hotel.
areas and drive optimal results for all shareholders.”
A NEW NAME
Leveraging on Marriott’s powerful international distribution network
and huge pipeline of customers is expected to maximise returns
on the South Beach property. The Marriott loyalty programme has
FOR LUXURY
more than 56 million members in its Marriott Rewards and The Ritz-
Carlton Rewards schemes.
Mr Kwek is confident the Marriott brand will draw guests.
ON BEACH ROAD
Because of Marriott’s reach, Mr Kwek has entrusted another JW Marriott Hotel Singapore South Beach
Singapore’s first JW Marriott hotel has opened its boutique hotel to its management. Called The Singapore EDITION, 30 Beach Road, Singapore 189763
doors with a brand new look in December 2016, the 190-room property will open in 2019 in Orchard Boulevard and
following a S$20 million renovation. Cuscaden Road.
13 14
LUXESTYLE LUXESTYLE
M&C NAMED meet aura,
Millennium & Copthorne Hotels (M&C) has been AURA’s warm and friendly “personality” has
ranked the 40th largest hotel group in the world charmed guests at M Social Singapore.
WORLD’S 40TH
by HOTELS magazine in their 2016 “325 HOTELS”
index, out of 325 global brand names. This is the singapore’s first
13th consecutive year that M&C has been listed room service robot
among the top 40.
LARGEST HOTEL GROUP
Lifestyle design hotel M Social Singapore has a new guest service to deliver it, and then return to her docking station by herself. AURA
associate and it comes in the form of a robot. AURA the relay robot is can operate and ride in elevators, navigate her way to a guest’s door,
Singapore’s first front-of-house autonomous service delivery robot let them know that a delivery has arrived (guest phone rings), and
in the hotel industry. then opens its lid for guests when they answer the door.”
AURA helps to optimise operations, boost productivity and lift guest Guests who have never interacted with a robot before will find it
experiences to a new level. a breeze. AURA uses simple communication on her tablet face
so people always know who she is, how she can help and how to
“As we innovate with technology and robotics, we must never intuitively interact with her.
forget that human touch and hospitality lie at the core of a hotel
experience. AURA frees our time to allow us to be more engaged AURA’s warm and friendly “personality” is pet-like, trustworthy, polite
with guests at a deeper level,” said Ms Anne Chong, Director of and dependable so guests feel comfortable interacting with her. Not
Marketing Communications at M Social Singapore. surprisingly, AURA has already found her way into the hearts of the
M Social Singapore staff and of course hotel guests. Guests enjoy
Developed by Savioke, AURA is the first deployment outside of the taking photos with her and posting the photos on social media.
US, who works alongside people in busy environments.
As described by Savioke CEO Mr Steve Cousins, “You put something
in AURA, the Relay Robot tells her where to go, and she will go there
M&C marked another milestone in 2016 with the launch of its new hotel, M Social Singapore. Aimed at the savvy, busy global traveller, the M Social brand will be launched in other markets such
as Auckland, New Zealand, Silicon Valley in California, US and Seoul, South Korea.
Regarded as a reputable insider in the global hospitality business, “It is asset ownership that is key to our survival with ability to pay
HOTELS magazine ranks hotel companies on the index every July, dividends as generally, we do not want to manage other hotels not
based on portfolios as of 31 December in the previous year. owned by us. We will continue to focus on our strategy of ownership
and management of hospitality real estate assets.”
M&C is the largest Asian-controlled hotel group and second only
to Shangri-La Hotels and Resorts, outside China and Japan. Listed Against a backdrop of slow global growth, economic uncertainty and
in London, the global hospitality management and real estate recent terrorist activity in Europe especially, M&C has maintained
group has 126 hotels in 84 business and leisure destinations in its ranking among the world’s hospitality giants. It has successfully
Asia, Australasia, Europe, the Middle East and North America. This navigated the difficult business environment due to its broad
equates to more than 34,000 rooms in over 20 countries. geographic exposure and strong balance sheet.
“I am proud that we are part of this exclusive list,” said Mr Kwek
Leng Beng, Chairman of M&C and also Executive Chairman of CDL.
AURA delivers items like bottled water, towels, toiletries, amenities and packed meals to guest AURA communicates and interacts with guests via her tablet face.
rooms at M Social Singapore.
15 16
LUXESTYLE FUTURENOW
Quick Book, one of MHR’s latest digital features, is designed to enhance and simplify the overall mobile booking experience for guests. For embracing best practices in sustainable design and features, the 892-unit The Palette was awarded the Green Mark GoldPLUS Award in 2012.
QUICK BOOK AT HOME
Millennium Hotels and Resorts (MHR) has announced the launch of Furthermore, as compared to the conventional method, the twin-
Quick Book — an optimised booking experience tailored for mobile chute PWCS requires only 17 workers instead of 23 workers,
resulting in about 31% in monetary savings. It also aids in educating
YOUR HOTEL STAY
enhance and simplify guests’ mobile booking processes.
WITH RECYCLING and encouraging residents to cultivate a habit of segregating and
recycling their waste.
“Over the past few months, we have been working to transform Designed sensitively, built sustainably —
enjoy a faster, seamless way to book your hotel millenniumhotels.com into a portal for customers to build an
innovative eco-features are the cornerstone of all
room on the go. inspirational journey,” said Mr Nayan Peshkar, Senior Vice President PWCS was Parc Emily, a private condominium completed in 2008,
of Digital, Distribution and Revenue Strategy, MHR. CDL residential developments. One such feature jointly developed by CDL and TID Pte. Ltd..
is the twin-chute pneumatic waste collection
system (PWCS), which facilitates the recycling of With the push towards a more sustainable built environment, public
household waste. sector projects have started test-bedding and implementing the
PWCS. As an early adopter of the system, CDL has hosted several
exciting features planned for our digital platform.”
An eco-friendly waste management system, the twin-chute PWCS Minister for the Environment and Water Resources and Dr Amy
utilises air suction to convey general waste and recyclable waste Khor, Senior Minister of State, Ministry of the Environment and
separately to a central disposal collection tank. This system is clean, Water Resources and Ministry of Health, visited The Palette on 17
odourless and vector-free as the waste is contained during the January 2017 to view the condominium’s twin-chute PWCS.
entire refuse disposal and removal process.
Quick Book’s key functionalities:
• Ability to detect a visitor’s location and suggest
hotels located nearest to them. Mr Masagos Zulkifli,
Minister, Ministry of the
Environment and Water
• Users can scroll to choose the hotel or use the Resources (MEWR) (fifth
search bar to view other destinations. from left), Dr Amy Khor,
Senior Minister of State,
MEWR and Ministry of
• Once the hotel has been selected, visitors will Health (fourth from left),
Mr Choi Shing Kwok, MEWR
be given the option to select relevant tours to Permanent Secretary
add to their booking. (second from left) and
Mr Ronnie Tay, CEO of
the National Environment
• For areas with poor internet connectivity, Quick Agency (fourth from
right) took a close-up look
Book will be the default landing page as it is a at the twin-chute PWCS
at The Palette. Hosting
lightweight alternative to the full site. the learning visit was
Mr Chia Ngiang Hong,
CDL Group General
Manager (third from left).
17 18FUTURENOW FUTURENOW
ramping up towards
During the inaugural Productivity In support of the national Workplace Safety and
Leadership Summit, which was organised Health (WSH) 2018 Plus plan, CDL spearheaded a
by Building and Construction Authority WSH excellence pledge with key partners in its
construction vision zero
supply chain.
(BCA), CDL CEO Mr Grant Kelley shared
from a developer’s perspective the
productivity
business case for productive building
technologies.
CDL CEO Mr Kelley (third from left), Senior Minister of State for Home Affairs and National Development Mr Desmond Lee (fourth from left) and BCA CEO Dr John Keung (second from left) were part
of the panel discussion at the BCA Productivity Leadership Summit.
CDL and its 24 key partners signed a “Pledge Towards Vision Zero Through Safe Design — Safe Practices — Safe Culture”, witnessed by Mr Sam Tan, Minister of State for Manpower (second row, eighth
from the right), and joined by Mr Grant Kelley, CDL Chief Executive Officer (second row, ninth from the right) and other CDL senior management team representatives.
Held in November 2016 at the Marina Bay Sands Expo and Convention
Centre, the BCA Productivity Leadership Summit focused on the
integration of Building Information Modelling (BIM) and Virtual Design
and Construction (VDC) with Design for Manufacturing and Assembly
Witnessed by Minister of State for Manpower Mr Sam Tan, at the A total of four builders and six workers were also recognised for
(DfMA) technologies.
annual CDL 5-Star Environmental, Health and Safety (EHS) Awards their outstanding EHS efforts during the awards ceremony. The
held in November 2016 at the Grand Copthorne Waterfront winners received their awards from Minister Tan who also gave out
Drawing from CDL’s experience as one of the early adopters of the DfMA
Singapore, CDL and 24 of its key builders and consultants signed the prizes to the champion and first runner-up teams for the CDL
building method, Mr Kelley highlighted the benefits of spearheading
the “Pledge Towards Vision Zero Through Safe Design — Safe EHS Cup Tournament, an annual soccer league which promotes a
ground-breaking technologies, such as applying the Prefabricated
Practices — Safe Culture”, committing their collective support for the healthy lifestyle and camaraderie among workers.
Prefinished Volumetric Construction (PPVC) method at CDL’s large-
Construction Industry WSH Action Plans.
scale residential property, The Brownstone, and the incorporation of
Cross Laminated Timber and Glued Laminated Timber at the Singapore
The pledge marks the first time that a developer in Singapore has
Sustainability Academy.
galvanised key partners in its supply chain to support the Action
Plans, which entail a recommitment to reduce workplace fatalities
Mr Kelley was also a panellist, together with Guest-of-Honour, Senior
by 25% annually to 1.8 per 100,000 workers by 2018.
Minister of State for Home Affairs and National Development Mr
Desmond Lee, BCA CEO Dr John Keung, Managing Director of DPR During his presentation, CDL CEO Mr Grant Kelley highlighted CDL’s The Brownstone
It is also in line with the WSH 2018 Plus plan and the Vision Zero
Construction Mr Joseph Yau, and Deputy Managing Director of DCA Executive Condominium as an example of how productive building technologies, such as
PPVC, can lead to expected productivity gains of over 40%. movement — which aims to instill a mindset that all injuries and ill-
Architects Mr Khoo Poh Bin, with BCA Board Member Mr Han Fook
health at work can be prevented and that zero harm is possible.
Kwang as the moderator.
The panel discussed the importance of raising productivity at the
national level, and touched on common challenges faced in the
adoption of DfMA, BIM, and VDC as well as solutions to overcome them.
19 20FUTURENOW FUTURENOW
inspiring eco-living
& GREEN PERSPECTIVEs
4th ANNUAL ASIA
ENVIRONMENT LECTURE
Participants urged to find the balance between CDL has partnered the National University of Singapore (NUS) for the
resource usage and economic growth at the 4th second time to organise the fourth annual Asia Environment Lecture
As Singapore’s sustainability leader, CDL actively Asia Environment Lecture held in November 2016 at NUS.
supports and participates in various green initiatives.
Here is a look at how CDL has continued to promote Reaching out to the public, private, non-governmental organisations,
and inspire green living and commitment amongst and educational communities, this lecture is an initiative by two NUS
its various stakeholders. multidisciplinary programmes on the environment: the Master of
Science in Environmental Management (MEM) and the Bachelor in
Environmental Studies, together with the Law Faculty’s Asia-Pacific
Centre for Environmental Law (APCEL).
CLEAN & GREEN SINGAPORE CARNIVAL These two programmes also involve the collaboration of nine other
faculties and schools at NUS. Chairing this lecture was Professor Tommy
Koh, Ambassador-at-Large, Ministry of Foreign Affairs, who also chairs
the Advisory Committees for APCEL and the MEM programme.
Delivering the lecture was Dr. Andrew Steer, a renowned climate
expert and President and CEO of the World Resources Institute.
His lecture, titled “Growing, Growing, Gone? How to Prosper while
Protecting the Global Commons” touched on the recent global
political, environmental, technological and financial developments.
Dr Andrew Steer, President and CEO of the World Resources Based on these observations and the upcoming global trends, he
Institute, speaking at the 4th Asia Environment Lecture.
shared his thoughts on what the world could and need to do in order
From left to right: Minister for Environment (Photo credit: NUS) to keep on growing.
and Water Resources Mr Masagos Zulkifli,
CDL Chief Sustainability Officer Ms Esther An,
Mayor of North West District Dr Teo Ho Pin,
CDL Group General Manager Mr Chia Ngiang
Hong, Prime Minister Mr Lee Hsien Loong
Responsible Business
and Minister for National Development
Mr Lawrence Wong at the CDL Eco-Home
Forum on Sustainable
exhibit.
Held in November 2016, the Clean & Green Singapore (CGS) Carnival is
a campaign which aims to inspire Singaporeans to care for and protect Development
its common spaces and environment by adopting a clean, green and
sustainable lifestyle. It also hopes to bring to life five pillars of the In addition, CDL also participated in the Responsible Business Forum on CSR initiatives, CDL-Compact Young CSR Leaders Award and
Sustainable Singapore Blueprint and how people can contribute to a Sustainable Development held in Singapore in November 2016. Create4Good Challenge, impressed a 300 over-strong audience with
sustainable Singapore. their innovative ideas for CSR and sustainable business strategy.
Attended by over 600 delegates, the forum, Titled “Innovation
Highlighting CDL’s commitment to green buildings and its expertise and Collaboration to Deliver the Global Goals”, brought together
on sustainable development, a CDL branded Eco-Home exhibit was perspectives from businesses, governments, UN agencies, investors
set-up at the carnival to offer visitors environmentally friendly tips and international experts. Workshops were also conducted for each
on how to save resources on a daily basis. The exhibit was also of the 17 SDGs and CDL Chief Sustainability Officer Ms Esther An
visited by Prime Minister Mr Lee Hsien Loong, Minister for National represented CDL as a panelist for “SDG Goal 11: Sustainable Cities and
Development Mr Lawrence Wong and Minister for Environment and Communities”.
Water Resources Mr Masagos Zulkifli.
Delivering the opening address, Minister for National Development Mr
During the three-day carnival, visitors were also treated to other Lawrence Wong explained the interdependence of the current economy
exhibits on eco-friendly communities, schools and smart towns. and business sustainability. He also commended CDL for setting
ambitious voluntary targets, beyond the government’s sustainability
blueprint targets, to green all existing buildings, and significantly reduce
greenhouse gas emissions for each of its buildings.
One of the highlights of the Responsible Business Forum was the
CDL’s Eco-Home exhibit provided visitors with tips on how to incorporate sustainability into young leaders dialogue. Winners of CDL’s two signature
various aspects of their lives and homes.
21 22HEARTWORK HEARTWORK
SEASON
OF GIVING:
SPACE TO
“Learning Space @ Limbang”, a conducive
CELEBRATING WITH THE COMMUNITY learning space cum library located at the
Limbang Park Residents’ Committee (RC)
GROW
As part of CDL’s community outreach efforts, City
centre will benefit some 200 children and
Sunshine Club (CSC) staff volunteers organised a
youths in the Limbang community.
special half-day Christmas outing at SAFRA Toa
Payoh, for children of ARC Children’s Centre.
Accompanied by CSC volunteers, 40 children beneficiaries
were treated to a special festive outing to Kidz Amaze —
an indoor playground — while the older ones engaged in
the sport of bowling.
Following a sumptuous meal of catered lunch, the children
welcomed Christmas festivities early by decorating their
own special Christmas Tree Party Hat in a light crafts
session guided by CSC volunteers. The fun-filled day came
to a rousing finale with the distribution of Christmas gifts,
much to everyone’s delight.
Guest-of-Honour Minister of National
Development, Mr Lawrence Wong, reading
Since 2011, CDL has been a corporate partner of ARC
a story book to the children during the
Children’s Centre — a day-care facility for children with unveiling of “Learning Space @ Limbang”
cancer or other life-threatening illnesses, and provides on 21 January 2017. Also at the session
are (standing first from right to left) CDL
support through active involvement in activities and Group General Manager Mr Chia Ngiang
enrichment programmes for the children. Left: CDL Group General Manager Mr Chia Ngiang Hong rounded up the celebrations by distributing Christmas gifts Hong, Mayor Dr Teo Ho Pin and CDL Chief
which were hand-picked for each child. Strategy Officer Mr Kwek Eik Sheng.
Right: A CSC volunteer guides her young beneficiary during the crafts session.
In collaboration with its partners, CDL created the “Learning Space Mr Kwek Eik Sheng, CDL Chief Strategy Officer and Advisor of CSC said,
@ Limbang” to provide children and youths in the residential estate “This first-of-its-kind collaboration was made possible with the support
with a conducive learning environment after school. of North West CDC and Limbang Park RC, who have helped us to
Sculpting A
better understand the needs in this community. We hope that with our
The 6th CDL Singapore Sculpture Award was launched in November
In addition, CDL’s staff from its employee volunteer programme collaborative spirit and combined resources, we can work together to
2016, with a briefing held for schools and members of the art
City Sunshine Club (CSC) will conduct fortnightly character building empower our children and make our society a better place.”
community.
Green Vision
courses at the space, for the next two years. This initiative strives
to educate 30 primary school children aged seven to 12 on ways to
Based on the theme “Towards Zero Waste!”, participants are to
understand, care about and act upon core ethical issues.
conceptualise a sculpture that encapsulates the spirit of sustainability
and the essence of a circular, zero-waste economy. The proposed
The community space was supported by like-minded partners
Resonating with The Sustainable Singapore Blueprint sculptures are to be created using the remaining materials from the
such as National Library Board (NLB), which contributed books for
2015’s vision of sustainability and concept of Circular construction of the Singapore Sustainability Academy (SSA), such
the designated kids’ corner, and National Technological University
Economy, the 6th CDL Singapore Sculpture Award as Cross Laminated Timber and Gulam, verified by the Nature’s
(NTU), whose students will provide tuition to selected youths in this
adopts the theme “Towards Zero Waste!”. BarcodeTM system as coming from responsible sources, and Timber
programme.
decking. The winning work will also be commissioned for display at
the SSA.
Dr Teo Ho Pin, Mayor of North West District said, “I would like to
thank CDL for initiating this Learning Space @ Limbang, with support
The SSA is the first major People, Public, Private (3P) ground-up
from Limbang Grassroots Organisations, NTU and NLB to inspire
initiative in support of Singapore’s goals to tackle climate change
the youths, building up their capabilities. I hope that this giving-back
and the first major training and networking facility on sustainability
spirit will continue to grow within the North West District.”
set up by a local private property developer (CDL) and a non-profit
organisation (Sustainable Energy Association of Singapore — SEAS).
As corporate partner of the North West Community Development
Council (CDC)’s outreach initiatives since 2012, CDL has been Minister Wong and Mayor Dr Teo Ho Pin, accompanied by CDL’s Group General Manager
Entry submissions for the 6th CDL Singapore Sculpture Award will
providing support to residents of Limbang through various Mr Chia Ngiang Hong (first from right), CDL Chief Strategy Officer Mr Kwek Eik Sheng
close on 21 April 2017. For more information, (second from right) and students from Greenridge Secondary School, presenting festive
programmes, including distributing festive packs and organising
visit: http://www.cdl.com.sg/sculptureaward2017 goodies and a remote-operated fan to one of the beneficiaries residing at the Limbang
activities on festive occasions, and donating household items to rental blocks.
needy families.
23 24LIVELIFE LIVELIFE
One of Central Perk’s iconic features includes the trademark orange couch that is perfect for sofa selfies. (Photo credit: Central Perk)
A New Perk
in Town
FOR F.R.I.E.N.D.S
Inspired by the popular TV sitcom F.R.I.E.N.D.S,
Central Perk is a 100-seater cafe that offers a
one-of-its-kind dining experience.
Located in Central Mall, the décor of the cafe is modelled after its
namesake, the fictional coffee house where the cast met frequently
in the show, and features replicas of iconic props and scenes from
the show.
The cafe offers a selection of food and beverage items, all of which
have also been inspired by elements of the show and are named Central Perk Singapore
after the show’s main characters and iconic episodes. For instance, 1 Magazine Road, #01-01,
patrons can choose between mains such as ‘Phoebe’s “I Can’t Eat Central Mall,
Meat” Steak’, ‘Ross & Rachel’s Breakup Pizza’, or even six customised Singapore 059567
coffee blends which profile the six different F.R.I.E.N.D.S characters.
Fans of the show will also be delighted to know that Central Perk
merchandise such as tumblers, mugs and T-shirts will also be The café includes an indoor sitting area which re-creates the experience of outdoor alfresco dining along the streets of New York.
available for purchase.
(Photo credit: Central Perk)
With a floor space of over 3,300 square feet, the space also includes
an extension of a studio set area and indoor ‘outdoor alfresco
street dining’ area and provides the perfect setting for friends to get The menu at Central Perk features food and beverage options inspired by F.R.I.E.N.D.S, such as
together and hang out and chill over cups of coffee. the popular Mrs Braverman’s Cheesecake.
(Photo credit: Central Perk)
25 26LIVELIFE
gastronomic delights
for the refined palate
Set to become an iconic lifestyle destination, the newly rebranded JW Marriott Hotel
Singapore South Beach at Beach Road will feature a total of nine food-and-beverage (F&B)
outlets. So far, five outlets have opened their doors to offer culinary delights within chic,
designer surroundings.
The new F&B establishments are not limited to the
hotel’s premises, but spread across the South Beach
mixed-use development.
This includes three of South Beach’s conservation buildings,
encompassing the former Non-Commissioned Officers Club
building. Originally a private members-only club, it will now have
restaurants and bars inside that are open to the public.
F&B OUTLETS AT JW MARRIOTT HOTEL SINGAPORE SOUTH BEACH
AKIRA BACK
A modern Japanese restaurant that infuses Korean elements into the food.
BEACH ROAD KITCHEN
An all-day restaurant with live chef stations within a chic, airy space. Located at Level 1
in a separate block from the hotel rooms.
COURT MARTIAL BAR
A specialty cocktail bar with a wide variety of wine and expertly executed sharing plates.
Located in one of the conservation buildings.
MEDIA BAR
A go-local gastropub which serves contemporary interpretations of local favourites and
bar bites.
South Korea-born Chef Mr Akira Back, of the eponymous restaurant in JW Marriott Hotel
Singapore South Beach, was drawn to the hotel because of its off-the- wall vibe. The restaurant
adds to his portfolio of restaurants across Asia — including an outlet in JW Marriott Hotel New
Delhi Aerocity. TONIC
A gin-cocktail bar with signature gin-based cocktails crafted by knowledgeable mixologists.
He said, “I want people to come to my restaurant and get comfortable, and mingle with new
faces across the long tables.”
Gastropub Media Bar is among the new F&B establishments that have opened in the newly revamped JW Marriott Hotel Singapore South Beach.
27 24You can also read
