City Developments

City Developments Limited (CDL), established in 1963 and headquartered in Singapore, is a prominent global real estate company with a presence in 29 countries and regions. It operates as a property developer and owner, as well as an investment holding company. CDL's diverse portfolio includes residences, offices, hotels, serviced apartments, integrated developments, and shopping malls. The company generates the majority of its revenue through its property development segment, which involves developing and selling properties. Additionally, it owns and operates hotels, and invests in properties and shares. CDL's business model focuses on creating long-term sustainable value through its real estate activities.

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, founded in 2019, is a spatial data company that captures and publishes 3‑dimensional information about real‑world interiors on an industrial scale. Its technology raises industry standards by digitising interiors with unprecedented accuracy and consistency. The company’s first brand, Spec, provides transparent, insured, and accurate assets for sales and lettings, while its second brand, Stak, offers commercial asset managers and service providers an all‑in‑one solution to rapidly create digital twins and unlock value across the commercial real‑estate value chain. Pupil’s platform leverages volumetric and spatial datasets to generate robust 3‑D data sets, enabling real‑estate professionals to capture, deliver, and optimise portfolios at scale.

Gush

Seed Round in 2019
Gush is a manufacturer focused on developing sustainable materials for the built environment, particularly organic interior paints and advanced building materials. The company's products aim to enhance indoor air quality and overall well-being by eliminating health risks associated with indoor air pollution. Gush's paints are free from volatile organic compounds and are designed to release negative ions, which can neutralize free radicals, promote blood circulation, and purify the air by eliminating bacteria, regulating humidity, and preventing mold growth. By offering safe alternatives to traditional paint materials, Gush prioritizes both environmental protection and the health of its clients.
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