CDL is celebrating its diamond jubilee by winning seventh Top Developer Award

Lumina Grand offers a mixture of three- and five-bedroom apartments. Facilities include a 50m pool, a fitness center, reading rooms, dance and music studios and a gym. CDL will provide more information on the project as it approaches its preview and official launch in 2019.

After the government announced a series of cooling measures for property in April of this year, the company decided to delay the preview of Newport Residences. This 246-unit residential project is located on Anson Road, in Tanjong Pagar. These measures included the doubling of foreign buyers’ additional stamp duty to 60%, from 30%. Newport Residences was developed from the former FujiXerox Towers.

CDL is also preparing for two new launches by 2024. Lumina Grande, a 512 unit EC project located at Bukit Batok Avenue 5, will be the first to launch in 2024. The project is scheduled to launch in the 1Q2024. CDL won the site at a government land auction in September of last year, after submitting a winning bid of $336.07 millions. The land rate was $626 per plot ratio.

Find out more: Newport Residences Anson Road

City Developments Ltd. (CDL) has had a memorable year. The property group celebrated their diamond jubilee in October and won the Top Developer Award for the seventh time at EdgeProp Singapore Excellence Awards 2023 (EPEA).

The Whistle Grand, a 716-unit development recently completed at West Coast Vale, won top awards for Top Development, Landscape Excellence and Design Excellence in addition to Innovation Excellence. Whistler was first offered for sale in November 2018, and it was sold out by October 2021. Its temporary occupation permit was obtained in April 2018.

Chia Ngiang Hong took the stage to accept the award for the company that evening. She is the group general manager at CDL. The developer won eight other awards for four of its Singapore residential projects.

Two of CDL’s executive condominium (EC) developments were recognized as the best projects in their respective categories. Piermont Grand received the award for the Best Executive Condominium in the category Completed (Non Central) while Copen Grand was awarded the award for the Best Executive Condominium in the category Uncompleted.

Copen Grand is Singapore’s very first Green Mark Platinum super low energy EC. It integrates smart technology, green design and luxury living. Photovoltaic solar systems are used to provide energy for the clubhouse and function rooms, as well as the swimming pool, gym, and swimming pool.

ECs is a unique public housing project that is developed by private developers and sold to Singaporean households who qualify. ECs fill a niche in the housing market, providing condo amenities at affordable prices. CDL has been able to do this at Piermont Grand, Copen Grand.

Chia believes that EC homes should remain a viable alternative to private residences. CDL, as one of Singapore’s leading property developers, is eager to encourage innovations that will raise the bar in future residential developments.

Piermont Grand is also certified with the Universal Design Mark Goldplus and Green Mark Platinum by the Building and Construction Authority. Sustainability features include an intelligent-energy-and-water-monitoring-system with water leak-detection algorithms for tracking and managing power and water consumption in the common areas. The energy- and water efficient features could help reduce the CO2 emissions by over 572 tonnes each year.

CDL’s innovative plans are centered around digitalisation. The company will integrate CDL Home Sales – its proprietary electronic system – which provides homebuyers with a transparent and efficient purchasing experience – with other digital solutions in its wider in-house ecosystem, such as the My CDL Home app. The app will allow home buyers to receive monthly updates about the progress of construction in their project, including an estimated TOP and specific information for their unit. Home buyers can also view their payment schedules and billing schedule, and make an appointment to collect keys after TOP.

CDL, in addition to its strengths as a developer of a diverse residential portfolio, ranging from ECs and high-end luxury developments, will look to elevate its track record for developing iconic mixed-use residential projects.

CDL is not immune to the challenges of the market, such as the flurry of cooling measures for property over recent years, high interest rates, and a cautious macroeconomic outlook in Singapore and globally.

error: Content is protected !!