Canninghill Piers Developer
Developer – City Developments Limited, CapitaLand Limited and Ascott Residence Trust
City Developments Limited (CDL)
City Developments Limited (CDL) was founded on 7 September 1963. The firm back then had eight employees based at a rented premises, located at Amber Mansions along Orchard Road. The company was set up to acquire land, develop commercial and residential and sell property. Shortly, in the month of November of same year, CDL was publicly listed on Malayan Stock Exchange, now is known as the Singapore Exchange.
The Group today is one of the largest companies by market capitalisation. The company had income-stable and well-diverse in their portfolio that comprises serviced apartments, residences, hotels, offices, shopping malls and integrated developments.
With a proven track record over the decades in property development, management and investment, CDL is proud to achieve in developing over 46,000 residential homes and owns more than 24 million square feet of gross floor area in commercial, residential and hospitality assets internationally.
Future buyers can expect Canninghill Piers to be the next premium quality residential project in River Valley.
CapitaLand Limited is one of prominent company in Singapore, one of Asia’s largest diversified real estate groups. The headquartered is located in Singapore and is public listed. The firm has a global portfolio that sums up about S$132.5 billion as at 31 December 2020. The Group’s portfolio has a well diversified real estate development which includes retail, commercial, business park, logistics and industrial; integrated development and residential. The Group has also well established their presence across the globe, more than 230 cities in over 30 countries, focusing mainly in Singapore and China markets, while expanding in other markets such as Vietnam, India, Australia, America and Europe.
CapitaLand has one of the biggest real estate investment and management businesses over the globe. The Group manages six listed real estate investment trusts (REITs) and business trusts, also 20 private funds. CapitaLand had launched and established Singapore’s first REIT in the year 2002 and still running today.
CapitaLand believing value adding to their customers and investors by developing sustainability residential properties. As a responsible real estate developer, CapitaLand had contributes to the skyline of Singapore in environmental and social well-being of the communities.
Ascott Residence Trust (Ascott Reit)
Ascott Residence Trust (ART) is known as the largest hospitality trust in Asia Pacific. The Group is well-established with an asset value of S$7.2 billion as at 31 December 2020. Ascott Residence Trust is also public listed on the Singapore Exchange Securities Trading Limited (SGX-ST) back in March 2006, ART’s main goal and objective is to invest in profitable real estate-related assets which are used for serviced residences, rental housing properties, hotels, student accommodation and other hospitality across the globe.
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