Penrose is Jointly Developed by Hong Leong Holdings Limited (HLHL) and also City Developments Limited (CDL).
Hong Leong Holdings Limited was established in 1968 as the privately-held property development and also investment arm of the Hong Leong Group. As one of the leaders of the real estate scene in Singapore, Hong Leong Holdings Limited has actually emerged as a major player in the property market, making it among the most popular companies for a comfortable home.
One of the Group’s finest properties is its group of seasoned teams, who are continuously complimented for their individual touch and also an intuitive understanding of their clients’ demands. A full enroller on the Singapore Stock market’s Catalist board, HLF has actually been named “Domestic Money Business of the Year” from 2011-2013 and also “ASEAN Finance Firm of the Year 2014” in the Eastern Financial & Finance Retail Banking Awards.
Over the past five decades, the Group has actually established several iconic residential or commercial properties along with the Singapore horizon as well as positioned itself as a market leader with greater than 130 high-quality properties and over 100 premium mixed-use as well as industrial growths, including tasks like One Shenton, The Tate houses, Sage, The St. Regis Hotel as well as Residences, Singapore, W Singapore- Sentosa Cove, The Houses at W Singapore- Sentosa Cove and also Quayside Island. The following upcoming project will certainly be Penrose.
City Developments Limited (CDL) is a leading international real estate company with a network extending 106 locations in 29 countries and areas. Listed on the Singapore Exchange, the Group is among the largest business by market capitalisation. Its income-stable and also geographically-diverse portfolio makes up houses, offices, hotels, serviced apartment or condos, going shopping malls as well as integrated developments.
With a tried and tested track record of over 55 years in real estate financial investment, advancement and also management, CDL has actually established over 43,000 houses as well as owns over 18 million square feet of lettable flooring area internationally. Its varied international land financial institution uses 4.1 million square feet of developable gross floor area.
Along with its London-based resort arm, Millennium & Copthorne Hotels Limited (M&C), the Group has 152 hotels and also 44,000 rooms worldwide, numerous in crucial portal cities.
Leveraging its deep competence in creating and also managing a varied asset base, the Group is focused on boosting the efficiency of its profile and also reinforcing its recurring revenue streams to deliver long-lasting lasting value to shareholders. The Group is likewise developing a fund monitoring organisation and targets to achieve US$ 5 billion in Assets Under Monitoring (AUM) by 2023.
For half a century, CDL has provided form as well as kind to everyday lives, creating vivid rooms for living, playing as well as functioning. Past building icons, CDL has likewise been forming the cultural landscape with arts campaigns such as the CDL Singapore Sculpture Award.
With over five decades of record, CDL has actually developed a unique legacy of market leadership and championing green buildings, fueled by our vision to preserve as we build. We eagerly anticipate attaining new turning points as we remain to change the eco-landscape along with to establish standards in innovation and lasting advancements. And also to press on for our biggest benefit– a better residence for everybody to reside in as well as Penrose will most definitely be just one of it!
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