City Developments

City Developments Limited (CDL) is a prominent global real estate company with a presence in 103 locations across 29 countries and regions. The company focuses on property development and ownership, operating hotels and serviced apartments, and managing a diversified portfolio that includes residential, commercial, and retail properties. CDL's principal activities encompass property development, hotel operations, and investment in properties, supported by various services such as property and project management. The majority of the company's revenue is derived from its property development segment, where it engages in the development and sale of residential and commercial properties. As one of the largest companies by market capitalization in Singapore, CDL emphasizes stability and geographic diversification in its business model.

Yim Ming Yiong

Group CFO and Member of the Executive Committee

3 past transactions

Nine Tree Hotel

Acquisition in 2023
Nine Tree Hotel is a hotel that provides hospitality services.

Pupil

Series A in 2020
Pupil is a spatial data company established in 2019 that specializes in capturing and publishing 3D information about real-world interiors on a large scale. By leveraging advanced volumetric and spatial datasets, Pupil provides accurate and reliable digital representations of spaces, which are essential for various industries, particularly real estate. The company has developed two primary brands: Spec, which enhances transparency in the sales and lettings market by delivering insured and precise assets, and Stak, which serves commercial asset managers with an integrated solution for creating digital twins of properties. This technology not only raises industry standards but also helps professionals optimize their portfolios and unlock the full potential of their assets.

Gush

Seed Round in 2019
Gush specializes in the development of sustainable materials for the built environment, focusing on organic interior paints and advanced building materials. Their products are designed to enhance indoor air quality and overall well-being while minimizing environmental impact. Gush paints are free of volatile organic compounds and incorporate negative ions that offer health benefits, such as neutralizing free radicals and promoting blood circulation. Additionally, these paints purify the air by eliminating bacteria, regulating humidity, and preventing mold growth, thereby providing safer alternatives to conventional paint materials. Through these innovations, Gush aims to address health complications associated with indoor air pollution.
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