Hong Leong Group
Being a global organization that started out offering financial services in 1961, today Hong Leong Group has a total gross assets worth more than S$40billion. Hong Leong Group has over 40,000 staff spread across Asia-Pacific, North America, Europe and the Middle East. The Group’s four primary businesses are financial services, real estate development, hotels and trade & industry.
The Hong Leong Group is highly regarded as an innovative & renowned key property player in Singapore. With a major share in City Development Limited and their investment wing Hong Leong Holdings Limited, the Group has the largest private residential land bank. and has been listed as one of the largest commercial landlords and largest residential developers in Central Business District(CBD).
Hong Leong Group has created many top notch developments along the Singapore business district and hence come forth as an industry leader with over 130 quality residential properties having track records like One Shenton, The Residences at W Singapore- Sentosa Cove, The St. Regis Hotel and Residences among many more projects.
Penrose will be Hong Leong Group latest undertaking project situated at the popular District 14 at Sims Drive. This city fringe development will yet be another gem in the making with exceptional quality and unrivalled finishing in its class that will not fall short for the potential home owners.
City Development Limited(CDL)
City Developments Limited was established in September 1963 and was later listed on Singapore stock exchange(SGX) mainboard in November 1963. Being a global real estate group it has a extensive network of over 103 locations in 29 regions and is one of the largest firms by market capitalization. With more than 55 years of experience in real estate development, CDL has built over 43,000 homes and is the largest commercial landlord with more than 18 million square feet of commercial space. The Group diverse business portfolio comprises of residences, offices, hotels, integrated developments, serviced apartments and shopping malls.
Millennium & Copthorne Hotels Limited (M&C), the hotel arm of City Development Group, is one of the largest hotel chain with more than 145 hotels globally.
With the Group deep expertise in managing and developing a diversified asset base, CDL is focused on strengthening the performance of its portfolio to deliver long-term sustainable value to shareholders.
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