CITYNEWS HOME ADVANTAGE - STAYING ON COURSE
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CITY NEWS AN E-PUBLICATION BY CITY DEVELOPMENTS LIMITED APR — AUG 2019 HOME ADVANTAGE A Bird's Eye View IN THIS ISSUE: STAYING ON COURSE A SINCERE WEATHERING CDL Posts 1H 2019 PARTNERSHIP a Changed Climate Results in China
SPOTLIGHT SPOTLIGHT
HOME
ADVANTAGE
Over the years, CDL has developed many iconic
developments that shaped Singapore's skyline
and landscape. In the month of Singapore's
National Day, City News takes a look at some of
the new, unique residential projects that CDL has
launched on the red dot in the past few months.
The 190-unit luxury South Beach Residences, developed by CDL and IOI Properties Group Berhad, beholds one the most mesmerising views of the sea, Marina Bay, and city skyline, by day
and by night. This integrated development in the heart of the city is one of Singapore's most coveted addresses. Pictured on the cover of City News is the spectacular fireworks display during
Singapore's National Day Parade, viewed from the balconies of one of these beautifully appointed apartments.
Boulevard 88 Amber Park
CDL's first launch of the year, the ultra-high-end Boulevard 88, Located in the exclusive Amber Road enclave within the East
kicked off 2019 on a strong note. This joint venture (JV) project with Coast area, the 592-unit Amber Park is a luxury condominium
Hong Leong Holdings Limited and Lea Investments Pte. Ltd is the development by CDL and JV partner Hong Realty (Private) Limited.
only brand-new freehold residential development along Orchard It is just a three-minute walk to the upcoming Tanjong Katong MRT
Boulevard in prime District 10. Boulevard 88 achieved over S$160 station on the Thomson-East Coast Line.
million in sales within less than two weeks of exclusive private
previews in March. The 154-unit Boulevard 88 has since sold a total Amber Park was the best-selling freehold project launch in May
of 73 units, including all four penthouses, achieving an average 2019, with 77% of the 150 released units snapped up over its launch
selling price (ASP) of over S$3,800 per square foot (psf).* weekend. Since then, the project has sold a total of 171 units at an
ASP of over S$2,450 psf.*
In June, Boulevard 88’s largest penthouse of 6,049 sq ft was sold
for S$31 million (S$5,125 psf), the highest price psf achieved for a Significantly, the former Amber Park, with its distinctive teacup-
penthouse in recent years. shaped balconies, was also developed by CDL more than 30 years Artist’s Impression
ago. Today, CDL is introducing a new icon for luxury East Coast living
Amber Park has a stunning rooftop recreational deck called the Stratosphere that features a
Designed by the world-renowned architect Moshe Safdie, who at the same site. unique sky jogging track, a first for a condominium in Singapore.
conceptualised architectural landmarks such as Marina Bay
Sands and the Jewel Changi Airport, Boulevard 88 has a stunning Designed by Chan Soo Khian, the award-
architecture. Comprising two 28-storey residential towers, Boulevard winning principal architect of SCDA Architects,
88 is connected at the top by a Sky Boulevard, creating a tall ‘urban Amber Park’s most distinctive feature is The
window’ and a striking skyline silhouette that is visible from the city’s Stratosphere, a rooftop recreational deck.
surroundings. Sitting at 235 feet above sea level, the 32,507
square feet Stratosphere commands an
At the Sky Boulevard, residents will have abundant options for unmatched panoramic view of the East Coast.
relaxation and indulgence, including the Sky Club for private social It will include a 600-metre-long sky jogging
functions; the gourmet Sky Kitchen for fine dining; the Sky Lounge track (a first for a condominium in Singapore),
for drinks; the Sky Gym with state-of-the-art equipment and the a yoga deck, water features, a gymnasium,
spectacular Infinity Sky Pool. a spa pool, gourmet dining, a lounge, and a
landscaped garden.
Integrated with the first EDITION hotel in Singapore, Boulevard
88 has six basement car park levels with 322 lots. As Singapore
progresses with its car-lite ambitions, such generous provisions for
car owners will be increasingly rare in new private developments.
Besides enjoying the well-appointed
interiors, thoughtful layouts, and a
Artist’s Impression
suite of smart features and designer
appliances, Amber Park residents
The ultra-high-end Boulevard 88 is the only brand new freehold residential development will also be pampered by Premier Artist’s Impression
along Orchard Boulevard in prime District 10. Residential Services.
1
SPOTLIGHT SPOTLIGHT
Haus on Handy’s Club Haus is
a conserved building formerly
known as the Tower House, Artist’s Impression
Artist’s Impression a prominent landmark in the
Mount Sophia neighbourhood.
Piermont Grand is a luxury waterfront Executive Condominum overlooking My Waterway@Punggol. It is a three-minute walk to Sumang and Nibong LRT stations which are connected to the
Punggol MRT station and bus interchange.
Haus on Handy Piermont Grand Besides strong connectivity by public transportation, the Tampines
Expressway (TPE) and the Kallang-Paya Lebar Expressway (KPE),
A luxury residential project in the prime Orchard Road area and the As the first and likely the only Executive Condominium (EC) launch Piermont Grand offers convenient access to comprehensive
heart of town, Haus on Handy counts as its neighbours museums, in 2019, it came as little surprise when Piermont Grand emerged as shopping, dining and entertainment at the nearby Waterway Point,
malls, cafes and restaurants, art galleries, public parks, as well as the best-selling property launch of the year. 375 units (46%) of 820 Punggol Plaza, Oasis Terraces and the future Punggol Town Hub.
numerous prestigious schools. Several office buildings, such as The units were snapped up during its launch weekend in end July. The Several schools and tertiary institutions are also in the vicinity.
Atrium@Orchard, MacDonald House, Haw Par Centre and Winsland project achieved an ASP of S$1,080 psf. To date, a total of 388 units Piermont Grand is also near the upcoming Punggol Digital District,
House I & II, are also in the vicinity. have been sold.* which is poised to become Singapore’s Silicon Valley.
Just a three-minute walk to Plaza Singapura shopping mall and Dhoby Piermont Grand provides more than 30 facilities spread across four This EC project is a JV between CDL and TID Pte Ltd.
Ghaut MRT interchange, the 188-unit Haus on Handy is home to a rare zones – The Cascades, The Waterfalls, The Lakes and The Hills. Key
three-storey conservation heritage bungalow built in 1892. Formerly highlights include a cantilevered gymnasium alongside a 50m lap
known as the Tower House, this conserved bungalow was a prominent pool that overlooks My Waterway@Punggol, a children’s party room,
landmark in the Mount Sophia neighbourhood. When completed, tennis court and BBQ pavilions.
Club Haus will have features such as a gym studio, freeform studio,
power studio, the Heritage Alley, and the Club Lounge.
25 of the 30 units released have since been sold at an ASP of over
$2,850 psf. With the addition of new nearby commercial developments Upcoming Launch: Sengkang Grand Residences
later this year, such as the redeveloped former Park Mall building,
Haus on Handy offers a compelling investment opportunity with
Keep an eye out for the 680-unit Sengkang Grand Residences, a
strong rental potential.
JV project by CDL and CapitaLand Limited, to be launched in Q4
2019.
Located at the vibrant Sengkang Central, Sengkang Grand
“ GOOD LOCATION AND EXCEPTIONAL DESIGN HAVE
ALWAYS BEEN HALLMARKS OF CDL'S RESIDENTIAL PROJECTS.
Residences is a distinctive mixed-use integrated development
that will seamlessly integrate with Buangkok MRT station and a
new bus interchange. The residences are conveniently located
WE LOOK FORWARD TO CREATING MANY MORE DISTINCTIVE above a three-storey mall comprising shops, a supermarket, a
LANDMARKS IN SINGAPORE THAT PROVIDE AN ENDEARING hawker centre, and a community club with a childcare facility.
”
Artist’s Impression
HOME AND STRONG INVESTMENT VALUE FOR HOMEBUYERS. Artist’s Impression
The project will meet the needs of residents and the surrounding
community in a one-stop location. Sengkang Grand Residences offers excellent transportation connectivity via integration
with Buangkok MRT station and the future bus interchange, and accessibility to major
Haus on Handy’s over 30 facilities include a lap pool, spa retreat, BBQ pavilion, kids playground expressways. It is expected to become a focal point for residents in the Buangkok and
and kids pool. From the rooftop Sky Garden, residents will be able to enjoy beautiful views
MR CHIA NGIANG HONG, of the city while enjoying facilities such as a rooftop lounge, yoga lawn, nutmeg garden and
greater Sengkang area.
GROUP GENERAL MANAGER OF CDL the Sky Fitness.
* as of 25 August 2019
2 3
HOMERUN HOMERUN
The CDL team is all smiles at the BCA Awards 2019 awards ceremony, held at Resorts World Sentosa on 29 May 2019.
HALLMARK OF QUALITY
CDL has become the only developer to have won the BCA Quality In 2018, all five of CDL’s completed developments achieved an
Excellence Award – Quality Champion (Platinum) for seven average score of 97.2 under BCA’s Construction Quality Assessment
consecutive years. CDL was conferred the award at the Building and System (CONQUAS). Introduced in 1989, CONQUAS serves as the
Construction Authority (BCA) Awards 2019. industry benchmark for quality and workmanship standards of
construction projects in Singapore. Although it was not mandatory
This award recognises leading progressive developers and builders for private sector projects to subscribe to CONQUAS, CDL has
for their commitment and achievement in delivering high quality consistently pushed for all its projects to be assessed since the
homes through workmanship excellence and quality assurance system was introduced.
programmes. The win is an testament to CDL's strong commitment
to quality, and an enhancement to CDL's brand and product
differentiation.
“AND
AT CDL, WE HAVE PUT IN A LOT OF EFFORT INTO BUILDING UP
MAINTAINING A STRONG AND SUSTAINABLE REPUTATION
“ANDCDLPIONEERED
HAS BEEN A SUPPORTIVE INDUSTRY PARTNER
THE ADOPTION OF BCA’S QUALITY
OVER THE YEARS. WE CONTINUOUSLY REFINE THE WAY WE MARK SCHEME, WHICH AIMS TO HELP DEVELOPERS
BUILD, SO AS TO ENHANCE THE QUALITY AND PERFORMANCE OF CONSISTENTLY DELIVER HIGH QUALITY HOMES,” HE SAID.
OUR BUILDINGS AS WE ENDEAVOUR TO SET NEW BENCHMARKS. “WE HOPE THAT MORE DEVELOPERS WILL BE INSPIRED
BY THEIR SUCCESS STORY AND EMBARK ON A SIMILAR
MR SHERMAN KWEK,
GROUP CHIEF EXECUTIVE OFFICER OF CDL
JOURNEY TO ENSURE HIGH QUALITY PROJECTS.
”
MR HUGH LIM,
BCA’S CHIEF EXECUTIVE OFFICER
4 5
BIZBUZZ BIZBUZZ
A SINCERE
Mr Wu Xu, Founder and Chairman of Sincere, said, “This strategic
“ RAPID URBANISATION, ECONOMIC GROWTH AND RISING
DISPOSABLE INCOMES WILL CONTINUE TO DRIVE DEMAND
partnership also brings together Sincere’s deep local capabilities
and CDL’s extensive international expertise.”
FOR REAL ESTATE IN CHINA. THIS TRANSFORMATIONAL DEAL
“Our combined strengths will not only give our joint venture
PARTNERSHIP
IS CDL’S SINGLE LARGEST INVESTMENT IN CHINA TO DATE. IT IS a distinct advantage in property development and asset
A RARE OPPORTUNITY TO ACQUIRE A MEANINGFUL STAKE IN management but also open doors to further growth opportunities,
AN ESTABLISHED PLATFORM AT AN ATTRACTIVE VALUATION. such as tapping CDL’s experience and networks to jointly explore
fund management initiatives.”
IN CHINA
THIS GAME-CHANGING INITIATIVE WILL DRIVE CDL’S NEXT
PHASE OF GROWTH IN THIS IMPORTANT MARKET.
”
MR SHERMAN KWEK,
CDL charts its next phase of growth in China by GROUP CHIEF EXECUTIVE OFFICER OF CDL
Mr Sherman Kwek, Group Chief Executive Officer of CDL and Mr Wu Xu, Founder and Chairman
entering into a transformational RMB 5.5 billion of Sincere Group.
(approximately S$1.1 billion) deal with Sincere Business District (CBD), from 70% to 100% for a total purchase price
Property Group, an established real estate of RMB 1.75 billion (approximately S$344 million). DRIVING CDL’S NEXT PHASE OF GROWTH
developer in China. IN CHINA
Who is Sincere?
This deal is CDL's single biggest investment in the world's second Accelerate growth of CDL’s portfolio in China
largest economy. Subject to various conditions precedent, the With a track record of over 20 years, Sincere is ranked as one of • Expand CDL’s geographical presence in China from three to
investment is expected to be fully completed by Q4 2019. China’s Top 100 Developers by China Real Estate Association (中国 20 cities
房地产业协会) and one of China’s Top 10 Business Park Developers
Upon completion, CDL will indirectly hold an approximately 24% • Increase CDL’s portfolio allocation in China from 9% (as at 31 Chengdu Hilton Hotel (成都希尔顿酒店)
and Operators by Guandian (观点地产).
effective equity stake in Sincere, making CDL the second largest December 2018) to 15% (post acquisition)
shareholder after Sincere's Founder and Chairman, Mr Wu Xu. It has a full set of development and asset management capabilities • Achieve scale and attractive returns through immediate
across different sectors, including residential, retail, office, serviced access to an enlarged portfolio and pipeline as well as
apartment, business park and large-scale mixed-use development. potential joint venture (JV) opportunities for acquisitions in
China’s Tier 1 and Tier 2 cities
Sincere’s geographical presence in China spans 20 cities (including
Enhance and deepen CDL’s expertise
Tier 1 and Tier 2 cities) where it employs over 1,800 professionals.
• Supplement CDL’s existing platforms and investments in the
It has a full spectrum of residential projects ranging from the high-end residential, office, retail, apartment rental and hotel sectors
to the mass market, which include villas as well as low- and high-rise with Sincere’s expertise in managing retail, business parks
condominiums. It also has more than 15 business parks, which are and serviced apartments
under development or in operation, with a total GFA over 5 million sqm.
Combine local and international capabilities
Artist’s Impression
Sincere also owns and operates a substantial portfolio of investment • Leverage on an enlarged resource pool
properties in China, including 14 retail malls with a total GFA of • Benefit from Sincere’s sizable team with strong local
Sincere is the major developer for Zhengzhou Financial Island, a mega mixed development
comprising offices, serviced apartments, hotels, a retail mall and cultural centres. about 700,000 sqm, two serviced residences with 536 apartments execution capabilities
and five hotels with approximately 1,400 rooms. • Achieve significant competitive edge through combining
CDL will have representation on Sincere's Board at both offshore and
Sincere’s local networks and partnerships with CDL’s
onshore levels and have the right to participate in key decision making. Sincere’s contracted sales grew at a compounded annual growth international expertise and capital markets connections
rate of 47% from RMB 9.9 billion (approximately S$2 billion) in 2016
In addition, CDL will increase its intended stake in Shanghai • Potential to develop fund management platforms via
to RMB 21.3 billion (approximately S$4.3 billion) in 2018.
Hongqiao Sincere Centre (Phase 2) (上海虹桥协信中心 (二期)), a prime Sincere’s existing portfolio and through new acquisitions
commercial property in the heart of Shanghai’s Hongqiao Central
Starlight 68 (重庆星光68), a high-end retail mall in Chongqing.
Mr Sherman Kwek, Group Chief Executive Officer of CDL, said,
“Leveraging Sincere’s development and asset management
capabilities, local expertise and wide geographical presence in
“ SINCE OUR FOUNDING IN 1999, SINCERE HAS BUILT A STRONG
PRESENCE AND REPUTATION IN CHINA. CDL’S INVESTMENT
China, CDL will be able to significantly boost its scale and accelerate
AND SUPPORT WILL BE INSTRUMENTAL IN ACCELERATING
its growth in this huge market with a substantial portfolio and
pipeline of development projects and investment properties.” SINCERE’S GROWTH AS WE CONTINUE TO INCREASE OUR
LAND BANK AND PIPELINE OF PROPERTIES WITH THE AIM
“Sincere’s capabilities in retail, business parks and serviced
apartments will also enhance and deepen CDL’s expertise in
OF ACHIEVING EVEN STRONGER SALES GROWTH.
”
China. Moreover, there is tremendous potential to develop fund
management platforms via Sincere’s existing portfolio and through MR WU XU,
Spread across 11 blocks, Shanghai Hongqiao Sincere Centre (Phase 2) (上海虹桥协信中心 new acquisitions.” FOUNDER AND CHAIRMAN OF SINCERE
(二期)) has a Gross Floor Area (GFA) of 35,739 sqm comprising offices, serviced apartments,
and a retail component. Jinglan Peak (重庆敬澜山) is a high-end residential development in Chongqing.
6 7
BIZBUZZ BIZBUZZ
STAYING ON COURSE
The Darmstadt Campus is one of IREIT Global's five freehold office properties in Germany. The campus enjoys close proximity to the Darmstadt central railway station.
THE REIT MOVE
To grow its fund management business, CDL, through its wholly-owned subsidiaries, City REIT Management
Pte Ltd and City Strategic Equity Pte Ltd, made an investment in a REIT (real estate investment trust).
In April 2019, CDL completed the acquisition of a 50% stake in This deal will also enhance CDL's diversification by increasing its
IREIT Global Group Pte. Ltd., the manager of Singapore-listed IREIT presence in established European economies such as Germany,
Global, and 78.6 million units (approximately 12.4%) of the total which has continued to develop physical and digital infrastructure
issued units in IREIT Global for about S$77.7 million. In June, CDL to draw in talent and capital. Germany has attracted companies
increased its stake to 12.5% of the issued units. looking to establish or expand their European presence, which has
New Futura, a freehold 124-unit development at Leonie Hill Road, has been fully sold, with an ASP of over S$3,500 psf. In 1H 2019, CDL and its joint-venture associates sold 505 units (including
Executive Condominiums) in Singapore, achieving a total sales of S$1.55 billion. benefitted its economy. This has also translated to tightening cap
Listed on the Singapore Exchange since 2014, IREIT Global focuses rates, increasing rents, and decreasing vacancies across the country.
On track in its Growth, Enhancement and In China, CDL’s wholly-owned subsidiary CDL China Limited and its on investing, directly or indirectly, in income-producing office, retail
JV associates sold 347 residential units in 1H 2019, achieving a total and industrial properties in Europe. Its current portfolio, which CDL has confidence in the long-term fundamentals of the established
Transformation strategy, CDL posted an 18.3%
sales value of RMB 1.08 billion (approximately S$213 million). comprises five freehold office properties in Germany's cities of European economies and will continue to seek opportunities to
increase in profit to S$362 million for 1H 2019 Berlin, Bonn, Darmstadt, Munich and Münster, is valued at €526.4 acquire assets with deep value, capitalising on attractive pricing and
Driving growth and recurring income million (about S$816 million). yields in key locations.
The largest contribution to the net profit came from the unwinding
of CDL’s Profit Participation Securities (PPS 2) structure, which CDL has continued to execute several strategies to drive growth and The five properties have a total Net Lettable Area (NLA) of more than Through asset management and enhancement expertise, CDL can
achieved pre-tax deferred gains of S$153.9 million from the recurring income. These include the takeover bid for Millennium 200,600 square metres (sqm) and comprises about 3,400 carpark add value and potentially recycle capital by injecting properties into
divestment of Manulife Centre and 7 & 9 Tampines Grande, and a & Copthorne Hotels plc; the transformational partnership with lots. With an overall occupancy rate of 98.6%, their diversified blue- IREIT Global.
gain of S$43.3 million from CDL’s stake in PPS 2. Sincere Property Group; the investment in IREIT Global; and the chip tenants include Allianz Handwerker Services GmbH, Deutsche
acquisition of prime properties in Australia, China, Japan as well as Rentenversicherung Bund, GMG (a wholly-owned subsidiary of
Profit from two well-received luxury joint-venture (JV) projects, the non-residential components of PPS 1. Deutsche Telekom) and ST Microelectronics.
South Beach Residences and Boulevard 88, also contributed to the
positive results. Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, “We Why invest in IREIT Global?
have focused on executing our GET strategy of Growth, Enhancement
As at 30 June 2019, the Group’s balance sheet remained robust, with and Transformation. By creating strong value propositions and As part of its transformation, CDL is developing its fund management
cash reserves of S$3.3 billion and a net gearing ratio of 44% (without timing our launches strategically, we have achieved healthy sales business through organic growth coupled with the acquisition of
factoring any revaluation surplus from investment properties). for our residential projects in Singapore. At the same time, we have assets and platforms.
further diversified overseas through transformational initiatives
The Board also declared payment of a tax-exempt (one-tier) special such as our partnership with Sincere to expand CDL’s presence in Mr Frank Khoo, Group Chief Investment Officer of CDL, said, "This
interim dividend of 6.0 cents per ordinary share. China and achieve sustainable growth there.” investment in a REIT is in line with our aim to achieve AUM of US$5
billion by 2023. Besides being earnings accretive with immediate
Heathy residential sales “Increasing recurring income via acquisitions, asset enhancement contribution to CDL's recurring income through management fees
initiatives and our fund management strategy is another priority. and attractive yield, the investment in IREIT Global complements
In 1H 2019, CDL and its JV associates sold 505 residential (including We will continue to grow, diversify, innovate, transform, as well as the existing CDL Hospitality Trusts and will strengthen CDL's REIT The Berlin Campus is located in Schreiberhauer Straße in the Lichtenberg district, 6km east
of Berlin city centre. Within walking distance to the Ostkreuz railway station, the campus is
Executive Condominiums) units in Singapore for S$1.55 billion. forge new alliances.” management expertise." easily accessible by the S-Bahn (local railway) as well as regional trains and buses.
8 9
BIZBUZZ LUXESTYLE
NEXT STOP: MASTERCHEFS
LEEDS AT WORK
Guests were served up fine dishes by Head
Chef Mirko Vinci of Grissini, one of the Hosting
Establishments and Partner Restaurants at this
(Left to right) Gourmet Specialist Csaba Harmath; International Masterchef Soma Oroszki;
Grissini Head Chef Mirko Vinci; and Sous Chef Kulcsár Tamás. year’s World Gourmet Summit.
The 23rd edition of the World Gourmet Summit saw Grissini The restaurant also hosted the Masterchef Dining Delights Campaign.
restaurant at Grand Copthorne Waterfront Hotel play host to guests Chef Mirko, who hails from Italy, was joined by International
seeking a special international epicurean experience. This year’s Masterchef Soma Oroszki and Gourmet Specialist Csaba Harmath
theme for the summit was “Sustainability”. who are both from Hungary. Together they prepared a refreshing
five-course dinner featuring Hungarian cuisine.
During the six-week culinary festival, Head Chef Mirko Vinci served up
a special celebratory menu, with delicious dishes such as Slow Baked
CDL expanded into Leeds in the UK by acquiring a site for development into its first Private Rental Sector Beef Short Ribs with Celeriac, Baby Vegetables and Mushroom Sauce.
(PRS) project.
The largest centre outside London for financial and business Residents will enjoy private gardens, a sports area within the estate,
services, digital, creative, publishing and broadcasting, Leeds’ leisure and retail facilities at their doorstep, and a wide range of
history as an industrial city is closely tied to the railways that link it services including concierge, parcel collection and a car sharing
to other centres of British industry and commerce. rental scheme.
One legacy of these railway networks is the stonework viaducts that Tapping the UK Private Rented Sector's strong growth
span the river Aire, which have remained icons of the landscape potential
even though train services have moved onto more modern rail lines.
Expanding into the UK PRS is in line with CDL's strategy to grow its
CDL is transforming one of these landmarks at Monks Bridge into recurring income. Due to increased labour mobility and the growing Chefs Soma Oroszki (left) and Mirko Vinci busy plating the dishes in the kitchen. One of the Hungarian dishes served: skin-seared trout, cured crayfish, lescó (a thick vegetable
an elevated public green space designed in the style of New York’s popularity of renting, CDL sees strong growth potential for this ragout that resembles ratatouille), tarhonya, and tomato chips.
RAISING
famed High Line. High Line is a public space built on a historic sector. Moreover, the PRS is a key part of the government's agenda
elevated freight rail line that has had a transformative effect on the to solve the UK's housing supply-demand imbalance.
local community.
Marking its expansion into the rapidly-growing UK Private Rented
THE BAR
Sector (PRS), CDL has acquired a £15.4 million (approximately $27.5
million) freehold site from Alpha Real Trust. This translates to about
£80 (approximately S$142) per square foot for the 193,752 square
feet (sq ft) site. This is CDL's first site in Leeds.
Full planning permission has been obtained for the site which has Grand Copthorne Waterfront Hotel marked its
a residential and commercial Net Lettable Area of around 386,000 20th anniversary with a slew of prestigious awards,
sq ft and 16,000 sq ft respectively. CDL plans to develop a 664-unit raising the bar for the hospitality industry.
build-to-rent residential project with retail space located within the
The 574-room property won five categories of the prestigious 2019 The Grand Copthorne Waterfront team, with General Manager Mr Farid Schoucair (first row,
site's attractive heritage arches beneath a viaduct. The project is sixth from right), and their new award wins.
expected to be completed in 2023. International Hotel Awards: ‘Luxury Hotel’, ‘Luxury Convention
Hotel’, ‘Luxury Hotel Marketing Singapore’, ‘Luxury Hotel Marketing Grand Copthorne Waterfront Hotel was conferred with a Green
Strategically located at Monk Bridge in Leeds, the site is about a Asia-Pacific’, and ‘International 5-Star Standard’. Mark Platinum Award for Excellence in the Built Environment by
10-minute walk to the Leeds Train Station and two kilometres to the the Building and Construction Authority.
Leeds City Centre which comprises the financial, civic, shopping and Grand Copthorne Waterfront Hotel was also conferred Her World
cultural quarters. Brides Venue Awards 2019 for the hotel’s signature solemnisation “We are humbled by the numerous awards that we have received,
ceremony at the Promenade, where guests can hold their and the recognition of our commitment in delivering exceptional
CDL will create a vibrant and stylish estate where a public park will solemnisation or wedding reception at the picturesque area and memorable experiences for our guests and partners,”
be developed on the viaduct, providing spaces for public functions, Artist’s Impression
overlooking the Singapore River. said General Manager Mr Farid Schoucair. “As the hospitality
outdoor film screenings, pop-up restaurants and a pedestrian industry continues to evolve, it is important that we always strive
walkway leading to the Leeds Train Station and Leeds City Centre. Residents will enjoy private gardens, a sports area within the estate, leisure and retail At the Asia Recruitment Awards 2019, the hotel took home an award to reinvent our offerings and keep our finger on the pulse of
facilities at their doorstep, and a wide range of services including concierge, parcel collection
and a car sharing rental scheme. that recognises them for their innovative recruitment strategy. emerging industry trends.”
10 11
LUXESTYLE LUXESTYLE
Exclusive events New Grand Deluxe rooms
The Grand Ballroom, one of Singapore’s largest pillar-free ballrooms, The 260 Grand Deluxe guest rooms in the hotel’s Orchard Wing
has a luxurious new look: an impressive foyer lined with floating have been redesigned with today’s sophisticated traveller in mind.
orchid-inspired chandeliers, and exclusive spaces carved out for Upgraded amenities include a Handy smartphone for unlimited
various uses. data calls in local and worldwide, six USB ports, wired and wireless
high-speed internet connectivity, and a Smart TV.
The 10,000-square-feet and six-metre-high ballroom also boasts
a Singapore-first: two floor-to-ceiling LED walls with statement Guests can also unwind in a luxurious Japanese soaking tub
lighting and state-of-the-art audio-visual capabilities. (available in select room configurations). They can also call for one
of 12 signature spice-based cocktails from Bar Intermezzo to be
The other refurbished conference and function rooms and spaces delivered right to their rooms.
are now more versatile than ever. The conference centre has
been redesigned with five intimate meeting rooms and upgraded
meeting facilities. Event planners now have numerous creative
catering options to choose from: the hotel’s four award-winning
culinary concepts — Hua Ting Restaurant, The Orchard Cafe, Mon
Bijou and Bar Intermezzo — as well as a Halal-certified kitchen.
A Singapore-first, the Grand Ballroom now has two floor-to-ceiling LED walls. Guests can now be dazzled by floor-to-ceiling videos and animated visuals.
A GRANDE DAME REOPENS
Orchard Hotel has unveiled an enhanced 360-degree guest experience. The refurbishment reimagines
dining, events and lodgings for business guests and the modern, sophisticated traveller.
The multimillion-dollar asset enhancement programme, which Overlooking the lobby from the second floor is Cantonese fine The renovated Grand Ballroom Foyer is now lined with orchid-inspired chandeliers.
spanned nine months, upgraded key facilities within the hotel: the dining stalwart Hua Ting Restaurant, which was given its own
Grand Ballroom, Conference Centre, Lobby, The Orchard Cafe, Bar extensive makeover in 2018.
Intermezzo, and the hotel’s 260 Grand Deluxe rooms.
Polished public spaces A STORIED HISTORY
A brand-new arrival experience welcomes guests through an Orchard Hotel opened in the late 1950s as a
enlivened lobby interior. The hotel’s iconic clock tower has been humble four-storey, 34-room establishment. The Grand Deluxe Queen room. The revitalised Grand Deluxe guest rooms are now equipped
brought up-to-date with a contemporary chandelier-inspired The Golden Venus was home to popular tea with upgraded amenities, including a Japanese soaking tub in select room configurations.
art sculpture. The clock tower is flanked by two upgraded F&B dances and emerging musicians of the 1960s.
destinations, The Orchard Cafe and Bar Intermezzo.
Redeveloped in the 1970s to cater to the
tourist boom, the old building was eventually
“THEWITH SUCH A RICH HISTORY AND ICONIC ADDRESS IN
HEART OF SINGAPORE’S RENOWNED SHOPPING AND
demolished in 1978, and the first inkling of the
656-key, twin-tower Orchard Hotel Singapore as
ENTERTAINMENT BELT, WE NEEDED A HOTEL THAT CAN it exists today took its place.
CONTINUE TO STAND THE TEST OF TIME. OUR TEAM, FROM
FRONT-OF-HOUSE TO BACK-OF-HOUSE, HAS BEEN WORKING
TIRELESSLY DAY AND NIGHT TO MAKE THIS ENHANCEMENT A
SUCCESS, ALL WHILE NEVER TURNING AWAY A SINGLE GUEST.
”
MR JEAN-PHILIPPE JACOPIN, Orchard Hotel’s iconic clock tower is back to welcome guests entering the lobby. It has been
GENERAL MANAGER, ORCHARD HOTEL modernised with a contemporary chandelier-inspired art sculpture.
12 13
LUXESTYLE LUXESTYLE
SAVE WATER,
In New Zealand, Copthorne Hotel and Resort Bay of Islands irrigates To reduce its water footprint, MHR has focussed on areas such as
With more than 150 hotels around its landscaping and vegetable gardens with groundwater and water kitchens, laundry areas, gardens, spas and heating and cooling systems.
the world, Millennium Hotels collected from its greenhouse roof.
Grand Copthorne Waterfront in Singapore has changed out its
and Resorts' organisation-wide
SAVE THE WORLD
Millennium Rotorua has re-planted 80% of the gardens with native water fittings throughout the hotel, including guest rooms taps, to
measures to conserve natural plants that require no watering during summer. Landscaping with ones that meet the Water Efficiency Labelling Scheme requirements
resources make a significant native plants not only significantly reduces water consumption and by Singapore's Public Utilities Board.
impact on the environment. bills — it also has large benefits for biodiversity, reduces the need
for chemical fertilisers/pesticides, and lets guests experience the UK's Chelsea Habour Hotel's water saving measures have led to
local flora. savings of at least 5% on water bills each month. It has installed
new water-efficient showerheads and tap restrictors, and dual flush
toilets to allow users to choose between full- or half-flush.
The human factor
MHR is actively encouraging personnel to preserve water usage
throughout the business, particularly in hotels operating in water
stressed regions. Regional and hotel teams are educated about
water saving initiatives.
MHR’s hotel General Managers are the driving force in implementing
various green initiatives and projects. One example is Millennium Sirih
Jakarta in Indonesia, where guests are encouraged to help play their
part to save water by opting not to have their towels changed daily.
Copthorne Hotel and Resort Bay of Islands (New Zealand) makes use of groundwater and water
collected from its greenhouse roof to irrigate the landscaping and vegetable gardens at the hotel.
In the US, Millennium Buffalo has installed a rain monitor on its
irrigation system, so that the irrigation system will not switch on in
rain or freezing weather.
What is measured is saved
Millennium Rotorua (New Zealand) re-planted 80% of its gardens with native plants such as Ponga (a silver fern tree) and Harakeke (a type of flax plant). The plants do not require any watering during
the summer months, helping to reduce water use.
At the moment, 71% of MHR hotels have some form of water saving
Part of Millennium Hotels and Resorts' (MHR) Responsible measure in place, but only 21% are measuring their water bill
Hospitality programme is its global water conservation plan. Central savings. The hotel group is retrofitting motion sensors and low flow
to the plan is to increase water recycle and reuse. fixtures in common areas, back-of-house areas and guestrooms.
Millennium Chengdu (China) replaced all water boilers in its back-of-house with computerised
dispensers to prevent overflowing, dripping and leaking.
MHR is introducing alternative, more efficient methods to its chiller
systems at new hotels and hotels undergoing major system and
property renovations.
MHR’S STRATEGIES FOR CONSERVING WATER
Water conservation strategies also include investing in water- 1. Apply water tap restrictors, dual flushing toilet cisterns
efficient technologies, process improvements and reusing and and other simple water savings measures to taps, toilets
recycling water. For example, in addition to treating water in its and showerheads, and water boilers.
swimming pool, Millennium Minneapolis in the US backwashes
2. Record daily water meter readings, inspect and attend to
its swimming pool every two to three days instead of daily.
leaks and repairs immediately.
Backwashing is the process of thoroughly cleaning a swimming pool
filter by reversing the flow of water. 3. Treat water in swimming pools to optimise the quality of
the water and minimise pool drainage.
Landscaping with less water 4. Put up signages to encourage guests to use less water in
bathrooms and to reuse their towels and bed linens.
A major use of water at MHR is in maintaining its hotels’ beautiful 5. Harvest rainwater and recycle greywater. This can be
Grand Copthorne Waterfront (Singapore) makes use of NEWater for its cooling towers in the
grounds, gardens and landscapes. Many hotels have found ways to hotel. NEWater, which is produced by Singapore's Public Utilities Board, is treated wastewater used for plant irrigation and toilet cisterns respectively.
save water without affecting impacting their green spaces. that has been purified using microfiltration, reverse osmosis and ultraviolet technologies. In To keep water loss rate from the water supply pipe network low and within the local government's
addition to using NEWater, its cooling tower is also equipped with features such as leak detection standards, Millennium Chengdu (China) has installed secondary and tertiary water meters across
systems. the hotel.
14 15
FUTURENOW FUTURENOW
FROM GREEN
BOND TO
GREEN LOANS Front row from left: Dr Nigel Taylor, Group Director of Singapore Botanic Gardens; Mr Kenneth Er, CEO of NParks; Professor Leo Tan, Chairman of the Garden City Fund; Minister Lawrence Wong;
Mr Sherman Kwek, CDL Group CEO; Mr Chia Ngiang Hong, CDL Group General Manager; and Ms Esther An, CDL Chief Sustainability Officer.
200 YEARS OF
GREENING SINGAPORE
From now till 10 November 2019, visit the CDL Green Gallery in Singapore Botanic Gardens
Over the years, CDL has developed numerous green developments. Nestled within the Upper Bukit Timah and Chestnut Avenue private residential estate is Tree House, which entered the 2014
Guinness World Records for the largest vertical garden in the world.
to learn how Singapore has transformed into one of the world’s lushest cities.
CDL secured its first green loans amounting to S$500 million, marking the first time that green loans in Singapore’s reputation as a “Garden City” forms part of Singapore’s in his remarks that "CDL clearly stands out as a champion for green
Singapore will be used for new property developments. This followed CDL's inaugural green bond issuance post-independence success story. Before the vision of a garden and sustainable development." He commended CDL as "an industry
in 2017, the first by a listed Singapore real estate company. city was officially articulated in 1967, however, Singapore’s natural leader in green buildings, who for more than a decade has been
landscape was already being shaped by planners and architects in supporting the government in many public outreach and education
A green loan of S$400 million, with a three-year term, is provided by financing stream and plays a pivotal role in channelling capital to build ways that continue to influence how Singapore is being developed projects."
DBS Bank Ltd. (DBS), which is the Advisor for this green loan. greener and more climate-friendly infrastructure." today.
Mr Sherman Kwek, CDL Group Chief Executive Officer, said: “For
Another green loan of S$100 million, with a two-year term, is provided "Having integrated Environmental, Social and Governance practices Launched by CDL and the National Parks Board (NParks) on 21 June decades, the private sector has played a significant role in supporting
by The Hongkong and Shanghai Banking Corporation Limited (HSBC), into our business for over two decades, green financing is a natural 2019, “Singapore’s Greening Journey: 200 Years and Beyond” is an the Government’s focus on imbuing our city with nature and CDL is
which is the Structuring Advisor for this green loan. This is the first progression of our long-standing commitment to sustainable exhibition that explores the evolution of Singapore’s landscapes from glad to have contributed to this vision. We have established a great
multi-currency green loan secured by a Singapore company. It allows development and low carbon operations.” 200 years ago, and how it will continue to develop into the future. partnership with NParks over the years to promote the importance
CDL to finance new green developments in Singapore and overseas. The event, located at the CDL Green Gallery in the Singapore Botanic of greening Singapore through various collaborations including the
As at December 2018, CDL accumulated a total of 100 Green Mark Gardens, is part of the Gardens’ 160th anniversary celebrations and CDL Green Gallery. We hope that the exhibition launched today
The green loans will be used to finance eligible green development developments and office interiors awarded by Singapore's Building the ongoing Singapore Bicentennial commemorations. will enable Singaporeans and foreign visitors to learn more about
projects. and Construction Authority (BCA), the highest tally among private Singapore’s greening journey and aspirations to be a biophilic City
sector real estate companies in Singapore. CDL is also the first and Minister for National Development and Second Minister for Finance in a Garden.”
CDL's green bond in 2017 raised S$100 million which was allocated only private sector developer to receive the BCA Built Environment Mr Lawrence Wong, who officially opened the exhibition, highlighted
towards various initiatives to enhance energy and water efficiency at Leadership Platinum Star Award. “Singapore’s Greening Journey: 200 Years and Beyond” is open
Republic Plaza, CDL's flagship Grade A office building in the heart of to visitors 9am to 6pm daily (except on the last Tuesday of each
Singapore's Central Business District. month). The exhibition will open until 10 November 2019.
The rising tide of green financing
WHAT YOU’LL SEE AT THE EXHIBITION
Increasingly, more companies are leveraging green financing to
fund their sustainability-linked projects. According to research by Visitors can explore interpretive panels and interactive
BloombergNEF, green bonds issuance amounted to US$182.2 billion displays placed in three thematic zones, each zone presenting
in 2018 and sustainability-linked loans reached US$36.4 billion that a phase of Singapore’s green development:
same year.
1. From Forested Island to Urban Jungle (1819 – 1964)
Ms Yiong Yim Ming, Group Chief Financial Officer of CDL, said,
2. Garden City to Biophilic City in a Garden vision (1965 – 2019)
“Globally, sustainability has become mainstream in business. There
Artist’s Impression
is increasing interest in socially responsible investments and growing Mr Lawrence Wong, Minister for National Development and Second Minister for Finance 3. Biophilic Garden City of Tomorrow (2019 and beyond)
demand for relevant financial products. Green financing has grown For The Tapestry, one of CDL’s BCA Green Mark Platinum projects, various energy-efficient recording his hopes and dreams for a greener Singapore on an interactive display. Looking
features are estimated to save about 3.8 million kWh annually, equivalent to more than on is CDL Group CEO Mr Sherman Kwek (in blue shirt), CDL Group General Manager Mr Chia
significantly over the past few years which offers an alternative S$760,000. Ngiang Hong (first from left), and CDL Chief Sustainability Officer Ms Esther An (in green).
16 17FUTURENOW FUTURENOW
Another step in the journey
Key highlights of CDL’s ESG performance in 2018
Since 1995, CDL has been "Conserving as it Constructs", working
towards a greener and more sustainable future for all. In March • First Singapore real estate company to obtain SBTi’s
2019, CDL released its latest Integrated Sustainability Report (ISR) validation for its carbon emissions intensity reduction
2019. Entitled “Changing the Climate: Towards Future Value 2030 target of 59%
Goals”, this fully-digital report communicates CDL’s progress
towards its material ESG goals and targets established under the • First Singapore real estate company to complete a
Climate Change Scenario Planning Study based on
CDL Future Value 2030 Sustainability Blueprint. Its theme is clear:
TCFD recommendations
climate action is urgent.
• Ranked 25th in 2019 Global 100 Most Sustainable
Ms Esther An, Chief Sustainability Officer of CDL, said, “CDL's early Corporations in the World; only Singapore company
and unique ESG integration into our business and operations has listed for 10 consecutive years
brought us first-mover advantage and created tangible and long-
• Attained 100 BCA Green Mark developments and
lasting value for our brand, business operations, stakeholders, office interiors, the highest achieved among real estate
customers, investors and the community. As we continue to developers in Singapore
enhance our ESG performance, our efforts will not only unlock the
opportunities in a climate-resilient economy but also future-proof • Achieved more than S$24 million in savings due to
our business for sustained growth.” energy-efficient retrofitting and initiatives at eight
office buildings from 2012 to 2018
The report reinforces CDL's firm commitment to achieve the • Pioneered adoption of Renewable Energy Certificates
relevant UN Sustainable Development Goals (SDGs) through its through a blockchain-enabled platform in Singapore
integrated sustainability strategy towards 2030.
• S$100 million inaugural Green Bond fully-allocated
The full report is available at CDL’s dedicated sustainability • Embracing 13 relevant UN SDGs
microsite: www.cdlsustainability.com.
With the global push for a low carbon economy and climate-resilient future, the theme for CDL’s ISR 2019 highlights how the company has continued to accelerate its climate actions and
encourage greater adoption of sustainability best practices among companies.
WEATHERING A
CHANGED CLIMATE
In its Integrated Sustainability Report (ISR) 2019 "Changing the Climate: Towards Future Value 2030 Goals",
CDL shares its progress towards the material Environmental, Social and Governance (ESG) goals and
targets under the CDL Future Value 2030 Sustainability Blueprint.
It is the middle of 2019 and the world has already seen a significant The study was conducted to raise CDL's readiness for potential
spate of extreme weather events. climate-related risks in Singapore and key overseas markets where
it has core business operations. It considered two scenarios where
Record flooding in Mid-Western US; more than 200 weather records global temperatures rise by 2°C and 4°C.
broken in Australia last summer, including record temperatures in
January (49.5°C in Port Augusta and 35.9°C in New South Wales); To align with the landmark Intergovernmental Panel on Climate
and over 40% of Greenland’s ice, or two billion tons of ice melted in Change (IPCC) Special Report released in November 2018, CDL has
one day in June 2019. expanded the study to the 1.5°C warmer scenario.
As local governments grapple with the impact of climate change, Raised carbon emission targets
businesses, too, have been adapting to minimise. Besides building
processes and infrastructure to deal with extreme weather, CDL has raised its carbon emissions intensity reduction target
companies worldwide have also been introducing measures to across its Singapore operations to 59% by 2030 from base-year
reduce the environmental footprint of their business. 2007.
When the world is 1.5°C warmer By adopting globally-recognised best practices such as Science
Based Targets initiative (SBTi)-validated targets, CDL is on track
Last year, CDL completed a Climate Change Scenario Planning Study to take concrete actions to futureproof its business for sustained
based on the Task Force on Climate-related Financial Disclosures growth.
(TCFD) recommendations. CDL is the first Singapore real estate
Developed by CDL, the zero-energy Singapore Sustainability Academy at CDL's City Square Mall is a knowledge and networking hub on sustainability. Advocacy and stakeholder engagement are
company to do so. ways through which CDL multiplies the impact of its sustainability efforts.
18 19FUTURENOW FUTURENOW
#HEALTHGOALS More than 2,000 employees, families and
#GREENGOALS
friends from CDL and partners joined
in the second SDG City Challenge and
experienced the green, healthy and
sustainable lifestyle.
Dr Amy Khor, Senior Minister of State, Ministry of the Environment and Water Resources & Ministry of Health (in green), Ms Esther An, CDL Chief Sustainability Officer (in yellow), Mr Francis Liew,
Producer of the Youth4Climate Fest Concert in a wefie together with the 150 strong youth choir and crowd at Singapore Botanic Gardens Shaw Symphony Stage.
HANDS-ON
Flagged off by guest-of-honour and Minister for Culture, Community and Youth, Ms Grace Fu, C-suite participants of the SDG City Challenge dash off from the starting line at South Beach.
Staff, families and friends of CDL and its partners—the Building and
CLIMATE ACTION
Construction Authority (BCA), Health Promotion Board (HPB), and
Sport Singapore (SportSG)—spent an invigorating day at the SDG City The second Youth4Climate Fest showcased how Singapore's youths can play an active role in protecting
Challenge this year. the environment.
Now in its second run, the 27 July event was held at two locations, South Over the weekend of 20 and 21 July 2019, more than two thousand Samantha Thian, founder of the non-profit Seastainable Co. It ended
Beach and City Square Mall. The SDG City Challenge is an extensive youths, including their families and friends, joined the Youth4Climate with an evening screening of the environmentally themed Disney
People, Private and Public partnership between 21 organising and Fest 2019 at the Singapore Botanic Gardens. animated feature, Moana, entertaining more than 1,000 people.
supporting partners, aimed at promoting the green, healthy and
sustainable lifestyle while raising awareness for the United Nations’ Held in conjunction with the Ministry of the Environment and
Sustainable Development Goals (UN SDGs). Water Resources’ (MEWR) Climate Action Week, and in support of
Singapore’s Year Towards Zero Waste, this year’s Youth4Climate
"A sustainable lifestyle really means striking a needful balance: Being Fest was held in partnership with MEWR, the National Environment
aware of how our daily activities affect our health, and how they impact Agency, National Parks Board, ActiveSG, and other partners.
the environment,” said Mr Kwek Eik Sheng, Group Chief Strategy
Officer of CDL, who was leading one of the C-suite participating teams. The event also celebrates the 160th anniversary of Singapore’s only
UNESCO World Heritage Site.
Participants of varying ages and fitness levels competed in an The organising and supporting partners of SDG City Challenge 2019.
800-metre run, a 34-storey climb up South Beach Tower, and an (On stage, left to right) Event emcee Mr Gurmit Singh; Mr Lai Chin Kwang, ActiveSG Chief, Kicking off the event was the Youth4Climate Treasure Hunt, where
Ms Esther An, CDL Chief Sustainability Officer; Mr Frank Khoo, CDL Group Chief Investment
obstacle course. To build inclusivity, a new non-competitive ‘Fun’ Officer; Mr Sherman Kwek, CDL Group Chief Executive Officer; Mr Lim Teck Yin, SportSG Chief participants visited historical locations in the park, played traditional
category was introduced this year, which saw younger children aged Executive Officer; Ms Audrey Tong, HPB Director of Corporate & Industry Partnerships; Ms games, and learned simple ways to reduce waste. This was followed
Samantha Tan, South Beach General Manager; Ms Yvonne Soh, Singapore Green Building
seven to 12, senior citizens, and persons with disabilities, crossing the Council Executive Director; and event emcee Ms Judee Tan. by the festival highlight, the Youth4Climate Concert. Its lineup
finish line. (front row, left to right) Mr Daniel Koh, M Social Director; Mr Roy Chiang, CBM Chief Executive included a 150-strong combined school choir, a drama skit by Kuo
Officer; Mr Dennis M Johnny, M Hotel Director of Food and Beverage; Mr Terence Ng, Grand Chuan Primary School, and song performances by youth musicians
Copthorne Waterfront Hotel Manager; Mr Jean-Philippe Jacopin, Orchard Hotel General
The day’s line-up also included two other events: a carnival at South Manager; Mr Kevin Huang, W Singapore – Sentosa Cove Executive Assistant Manager; and Mr Uber Duber and local singer Ms Jo Tan.
Blake Walker, JW Marriott Singapore South Beach Director of Food and Beverage.
Beach with 30 participating booths selling environmentally-friendly
food, products and services, and an Eco Treasure Hunt for families Day two of the festival featured a climate action workshop led by Ms
The Festival drew to a close with about 1,000 guests enjoying a movie screening of the
and teams over at City Square Mall. Anna Oposa, winner of the 2018 CDL E-Generation Challenge, and Ms climate-themed Disney movie Moana, with free flow of popcorn and candy floss.
20 21HEARTWORK
A FRUITFUL Senior management of CDL gave
the 'property cycle' a whole new
'PROPERTY CYCLE'
meaning at Assisi Hospice's annual
Fun Day, raising S$227,175 in The
CDL Challenge, a special charity
segment at the event.
Gracing the EcoBank 2019 event was Guest-of-Honour Dr Amy Khor, Senior Minister of State for the Ministry of the Environment and Water Resources (centre in purple dress), with CDL
Group CEO Mr Sherman Kwek (centre in blue shirt), CDL Group General Manager Mr Chia Ngiang Hong (far left), Ms Geraldine Lee, Co-Founder and Centre Manager of Arc Children's Centre
(in orange shirt) with the leading ladies of the Fashion 3R Eco Fashion Show, children from Arc Children's Centre and guests.
ZERO WASTE COUTURE
TAKES THE STAGE
Enjoying the fruit (juice) of their
labour are the teams of The CDL
Challenge, accompanied by Guest-
of-Honour Senior Minister of State,
Ministry of Trade and Industry &
Ministry of Education, Mr Chee
Hong Tat (in red shirt); Assisi
Hospice’s Patron Ms Ho Ching (third Five leading ladies from Singapore’s environmental Arc Children’s Centre, EcoBank’s chosen charity, to support children
from right) and CDL Group CEO Mr
scene took to the catwalk in bespoke outfits with cancer or other life-threatening illnesses and their families.
Sherman Kwek (fourth from right).
upcycled from donated clothing at this year’s
At the 2019 Assisi Fun Day, Assisi Hospice’s biggest fundraising event heartened by the generous contributions that poured in from Ms Esther An, Chief Sustainability Officer of CDL, said, “At CDL, we
EcoBank Bazaar organised by CDL and Eco-Business. have a long-standing sustainability commitment to our business,
of the year, two members of the CDL senior management team, Mr business associates, friends and the community. The funds raised
Chia Ngiang Hong, Group General Manager and Mr Frank Khoo, today will go a long way towards helping the patients and their the community and the environment. In the Year Towards Zero
Group Chief Investment Officer, took part in The CDL Challenge to families at Assisi Hospice and we hope to inspire more contributions Waste for Singapore, our initiatives such as EcoBank and Fashion
help organiser Assisi Hospice reach its target of S$1 million. to support the impactful work of the Hospice.” 3R bring the People, Public and Private sectors together to break
the typical ‘consume and dispose’ cycle and provide an avenue for
Mr Chia and Mr Khoo each led a team of CDL and Assisi participants, The CDL Challenge was initiated in 2017 to help support the climate action.”
taking turns to make fruit juice in special blenders powered by operating expenses that Assisi Hospice incurs to care for over
bicycles. The crowd joined the Guest-of-Honour Senior Minister of 2,000 patients yearly. That year, CDL raised over S$76,000 on top The bazaar concluded two months of efforts to raise awareness
State, Ministry of Trade and Industry & Ministry of Education, Mr of the contributions raised from stall sales at the Assisi Fun Day. and highlight the issue of waste generation in Singapore. Between
Chee Hong Tat, and Assisi Hospice’s Patron Ms Ho Ching, to cheer In 2018, CDL raised close to S$184,000 from this special charity 8 January and 1 February 2019, Ecobank collection points were set
and support the teams. segment alone. up at seven CDL commercial buildings across Singapore to collect
pre-loved clothing, toys, books and accessories that can be reused.
Mr Chia’s team emerged as the winner even before the timer ran
out, blending all the fruits allocated to his team. The CDL Challenge More than 800 volunteers spent 3,000 hours sorting and curating
segment alone raised S$227,175 from CDL’s staff, business partners (From left) 938NOW deejay Charlotte Mei, Actress Judee Tan, Managing Director of 100 the collection of about 18.5 tonnes of goods. According to partner
Resilient Cities Lauren Sorkin, Founder of Green Drinks Olivia Choong, and Artist and
and visitors at the carnival. Fashion Revolution’s Laura Francois walked the sustainability talk at the Fashion 3R Eco
organisation Turnkey Solutions, this initiative has resulted in
Fashion Show. savings of 9,300 tonnes of carbon emissions as a result of diverting
Part of this year’s EcoBank launch at CDL’s City Square Mall, the reusable products.
Rising to the charity challenge
EcoBank Bazaar and the Fashion 3R Eco Fashion Show were organised
The 2019 Assisi Fun Day, which took place on 16 June 2019, attracted to raise awareness of fashion’s damaging impact on the environment,
about 10,000 visitors. Themed Kampong Times, the mega carnival and the need for more sustainable ways of consuming clothing.
is co-organised with CDL and CBM Pte Ltd. CBM contributed
manpower and expertise for areas such as logistics, cleaning and Launched in 2016, EcoBank is an annual zero waste event in support
security. Contributing to the event’s lucky draw prizes were CDL of Singapore’s vision of becoming a zero-waste nation by 2030 under
Group’s hotels JW Marriott Hotel Singapore South Beach, M Social the Sustainable Singapore Blueprint 2015.
CDL Group General Manager Mr Chia Ngiang Hong (second from right) and Group Chief
Singapore, The St. Regis Singapore, Studio M Hotel Singapore and W Investment Officer Mr Frank Khoo (third from left) each led a team to make fruit juice with
blenders powered by bicycles. Joining the event were five guests from Singapore’s environmental
Singapore — Sentosa Cove.
scene: 938NOW deejay Charlotte Mei, Actress Judee Tan, Managing
(From left) Ms Esther An, CDL Chief Sustainability Officer and Dr Amy Khor visiting the stalls
The CDL Group took up one of the largest pavilions to set up nine Director of 100 Resilient Cities Lauren Sorkin, Founder of Green Drinks at the EcoBank Bazaar.
stalls at Assisi Fun Day 2019. The pavilion stalls, which sold a variety Assisi Hospice is the only hospice in Singapore providing Olivia Choong, and Artist and Fashion Revolution’s Laura Francois.
of food and drinks, included four run by CDL staff volunteers, four the whole continuum of inpatient, day care and home care
by Millennium & Copthorne Hotels plc (M&C) hotels in Singapore services. As a charity organisation, the hospice relies heavily The five guests, along with Guest-of-Honour Senior Minister of State
(Copthorne King’s Hotel Singapore, Grand Copthorne Waterfront on public donations to meet operating expenses required for the Environment and Water Resources Dr Amy Khor, donned
Singapore, M Hotel Singapore and Orchard Hotel Singapore), and to provide palliative care to patients, caring for them and hand-crafted garments made from second-hand clothing donated
one more by sister company Hong Leong Finance. their families. to EcoBank.
Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, Visit the Assisi Hospice website to find out how you can help. Designed by sustainability non-profit The Fashion Pulpit, the five
“In addition to the strong turnout and support of our staff, I am outfits were sold, and all proceeds from the Bazaar were donated to Dr Amy Khor addressing the audience at the EcoBank Bazaar at City Square Mall.
22 23You can also read
