New Futura by City Developments Limited
City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 97 locations in 26 countries. As one of Singapore’s largest companies by market capitalisation, its income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totalling over 18 million square feet of floor area globally.
CDL has hotel assets in one of the world’s largest hotel groups – its London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), has over 130 hotels globally, many in key gateway cities. Globally, CDL has developed over 40,000 homes and is one of Singapore’s largest commercial landlords, with one of the biggest landbanks amongst Singapore private-sector developers.
Building on its track record of over 50 years in real estate development, investment and management, CDL has developed growth platforms in five key international markets – UK, US, China, Japan and Australia. The Company is also leveraging its stable of prime assets and growing its real estate funds management business. It currently has over $3.5 billion in funds under management.
That being said, City Development Limited has numerous noteworthy assets in what is considered the planet’s largest hotel consortiums – M&C ( Millennium & Copthorne Hotels ). It’s London-listed subsidiary, which CDL has vested interests in, has more than 130 hotels under its wing scattered across different gateway cities in various parts of the world.
Globally speaking, City Development Limited is responsible for the development of 40,000 homes and is generally considered Singapore’s biggest commercial landlords. In fact, CDL owns one of the largest landbanks out of all private developers in Singapore.
By launching New Futura, CDL is building on an impressive track record of over five decades of excellent, world-class real estate investment, development, and management. New Futura is just one of the many examples that CDL has the potential, workforce, and temerity to come up with outstanding architectural landmarks. In fact, it has developed and nurtured growth platforms in 5 different key international markets among them; US, UK, Japan, China and Australia.
This real estate development and investment giant continually leverages some of its more stable prime assets in a bid to amass the funds needed expand its reach. Currently, City Development Limited has approximately $4 billion in liquid funds in its management basket.
New Futura is a clear embodiment of CDL’s mission and vision, which is to develop innovative and quality living spaces that can host desirable homes, secure investments, and competitive businesses. And considering that one of City Development Limited’s most prized principles is to create sustainable profitability whilst conserving the environment, it is no surprise that New Futura has all the hallmarks of an environmentally-friendly architectural design language. And in line with one of their mantras – to build strong bonds with the surrounding community – CDL is also involved in more than a dozen worthy causes in Singapore.