City Developments

City Developments Limited (CDL) is a prominent real estate company based in Singapore, founded in 1963. It operates a diversified portfolio that includes residential, commercial, and hospitality properties, with a presence in 103 locations across 29 countries and regions. The company primarily engages in property development, hotel operations, and investment in properties and shares. CDL is recognized for its income-stable and geographically diverse assets, which encompass residences, offices, hotels, serviced apartments, integrated developments, and shopping malls. The majority of its revenue is generated from property development activities, focusing on developing and purchasing properties for sale. Additionally, CDL offers property management, project management, and consultancy services, reinforcing its commitment to delivering long-term sustainable value in the real estate sector.

Frank Khoo

Group Chief Investment Officer

Yiong Yim Ming

Group CFO and Member of the Executive Committee

2 past transactions

Pupil

Series A in 2020
Pupil is a spatial data company. They capture and publish 3D information about real-world interiors on an industrial scale. Their technology is raising the standards of practice and is transforming industries by digitising the world’s interiors with new levels of accuracy and consistency. Pupil’s first brand, Spec, takes transparency to a new level for sales and lettings of every size. They do it by quickly delivering insured and accurate assets everyone can trust. Visit: spec.co Built on the success of Spec, Pupil's second brand Stak is defining the standard for asset productivity in commercial real estate. Stak offers commercial asset managers and service providers with an all-in-one solution to rapidly create accurate digital twins of assets and use them to unlock potential across the commercial real estate value chain. Visit: stak.co

Gush

Seed Round in 2019
Manufacturer of sustainable organic interior paints and advanced building materials intended to prevent health complications due to indoor air pollution. The company's paints contain no volatile organic compounds and release negative ions which have health benefits such as neutralization of free radicals and blood circulation promotion, and also purify the air by eliminating bacteria, regulating humidity and preventing mold, providing clients with safe alternatives to conventional paint material.
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