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STAYING ON COURSECDL Posts 1H 2019 Results

IN THIS ISSUE:

A SINCERE PARTNERSHIPin China

WEATHERING a Changed Climate

APR — AUG 2019

CITYNEWS

Over the years, CDL has developed many iconicdevelopments that shaped Singapore's skylineand landscape. In the month of Singapore'sNational Day, City News takes a look at some ofthe new, unique residential projects that CDL haslaunched on the red dot in the past few months.

SPOTLIGHT

HOMEADVANTAGE

Besides enjoying the well-appointed interiors, thoughtful layouts, and a suite of smart features and designer appliances, Amber Park residents will also be pampered by Premier Residential Services.

Amber Park has a stunning rooftop recreational deck called the Stratosphere that features a unique sky jogging track, a first for a condominium in Singapore.

Artist’s Impression

Artist’s Impression

Boulevard 88

CDL's first launch of the year, the ultra-high-end Boulevard 88, kicked off 2019 on a strong note. This joint venture (JV) project with Hong Leong Holdings Limited and Lea Investments Pte. Ltd is the only brand-new freehold residential development along Orchard Boulevard in prime District 10. Boulevard 88 achieved over S$160 million in sales within less than two weeks of exclusive private previews in March. The 154-unit Boulevard 88 has since sold a total of 73 units, including all four penthouses, achieving an average selling price (ASP) of over S$3,800 per square foot (psf).*

In June, Boulevard 88’s largest penthouse of 6,049 sq ft was sold for S$31 million (S$5,125 psf), the highest price psf achieved for a penthouse in recent years.

Designed by the world-renowned architect Moshe Safdie, who conceptualised architectural landmarks such as Marina Bay Sands and the Jewel Changi Airport, Boulevard 88 has a stunning architecture. Comprising two 28-storey residential towers, Boulevard 88 is connected at the top by a Sky Boulevard, creating a tall ‘urban window’ and a striking skyline silhouette that is visible from the city’s surroundings.

At the Sky Boulevard, residents will have abundant options for relaxation and indulgence, including the Sky Club for private social functions; the gourmet Sky Kitchen for fine dining; the Sky Lounge for drinks; the Sky Gym with state-of-the-art equipment and the spectacular Infinity Sky Pool.

Integrated with the first EDITION hotel in Singapore, Boulevard 88 has six basement car park levels with 322 lots. As Singapore progresses with its car-lite ambitions, such generous provisions for car owners will be increasingly rare in new private developments.

The ultra-high-end Boulevard 88 is the only brand new freehold residential development along Orchard Boulevard in prime District 10.

The 190-unit luxury South Beach Residences, developed by CDL and IOI Properties Group Berhad, beholds one the most mesmerising views of the sea, Marina Bay, and city skyline, by day and by night. This integrated development in the heart of the city is one of Singapore's most coveted addresses. Pictured on the cover of City News is the spectacular fireworks display during Singapore's National Day Parade, viewed from the balconies of one of these beautifully appointed apartments.

Artist’s Impression

Amber Park

Located in the exclusive Amber Road enclave within the East Coast area, the 592-unit Amber Park is a luxury condominium development by CDL and JV partner Hong Realty (Private) Limited. It is just a three-minute walk to the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line.

Amber Park was the best-selling freehold project launch in May 2019, with 77% of the 150 released units snapped up over its launch weekend. Since then, the project has sold a total of 171 units at an ASP of over S$2,450 psf.*

Significantly, the former Amber Park, with its distinctive teacup-shaped balconies, was also developed by CDL more than 30 years ago. Today, CDL is introducing a new icon for luxury East Coast living at the same site.

Designed by Chan Soo Khian, the award-winning principal architect of SCDA Architects, Amber Park’s most distinctive feature is The Stratosphere, a rooftop recreational deck. Sitting at 235 feet above sea level, the 32,507 square feet Stratosphere commands an unmatched panoramic view of the East Coast. It will include a 600-metre-long sky jogging track (a first for a condominium in Singapore), a yoga deck, water features, a gymnasium, a spa pool, gourmet dining, a lounge, and a landscaped garden.

SPOTLIGHT

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SPOTLIGHT

Piermont Grand

As the first and likely the only Executive Condominium (EC) launch in 2019, it came as little surprise when Piermont Grand emerged as the best-selling property launch of the year. 375 units (46%) of 820 units were snapped up during its launch weekend in end July. The project achieved an ASP of S$1,080 psf. To date, a total of 388 units have been sold.*

Piermont Grand provides more than 30 facilities spread across four zones – The Cascades, The Waterfalls, The Lakes and The Hills. Key highlights include a cantilevered gymnasium alongside a 50m lap pool that overlooks My Waterway@Punggol, a children’s party room, tennis court and BBQ pavilions.

Besides strong connectivity by public transportation, the Tampines Expressway (TPE) and the Kallang-Paya Lebar Expressway (KPE), Piermont Grand offers convenient access to comprehensive shopping, dining and entertainment at the nearby Waterway Point, Punggol Plaza, Oasis Terraces and the future Punggol Town Hub. Several schools and tertiary institutions are also in the vicinity. Piermont Grand is also near the upcoming Punggol Digital District, which is poised to become Singapore’s Silicon Valley.

This EC project is a JV between CDL and TID Pte Ltd.

Piermont Grand is a luxury waterfront Executive Condominum overlooking My Waterway@Punggol. It is a three-minute walk to Sumang and Nibong LRT stations which are connected to the Punggol MRT station and bus interchange.

Haus on Handy

A luxury residential project in the prime Orchard Road area and the heart of town, Haus on Handy counts as its neighbours museums, malls, cafes and restaurants, art galleries, public parks, as well as numerous prestigious schools. Several office buildings, such as The Atrium@Orchard, MacDonald House, Haw Par Centre and Winsland House I & II, are also in the vicinity.

Just a three-minute walk to Plaza Singapura shopping mall and Dhoby Ghaut MRT interchange, the 188-unit Haus on Handy is home to a rare three-storey conservation heritage bungalow built in 1892. Formerly known as the Tower House, this conserved bungalow was a prominent landmark in the Mount Sophia neighbourhood. When completed, Club Haus will have features such as a gym studio, freeform studio, power studio, the Heritage Alley, and the Club Lounge.

25 of the 30 units released have since been sold at an ASP of over $2,850 psf. With the addition of new nearby commercial developments later this year, such as the redeveloped former Park Mall building, Haus on Handy offers a compelling investment opportunity with strong rental potential.

Haus on Handy’s over 30 facilities include a lap pool, spa retreat, BBQ pavilion, kids playground and kids pool. From the rooftop Sky Garden, residents will be able to enjoy beautiful views of the city while enjoying facilities such as a rooftop lounge, yoga lawn, nutmeg garden and the Sky Fitness.

* as of 25 August 2019

Artist’s Impression

Haus on Handy’s Club Haus is a conserved building formerly known as the Tower House, a prominent landmark in the Mount Sophia neighbourhood.

SPOTLIGHT

Artist’s ImpressionArtist’s Impression

Upcoming Launch: Sengkang Grand Residences

Keep an eye out for the 680-unit Sengkang Grand Residences, a JV project by CDL and CapitaLand Limited, to be launched in Q4 2019.

Located at the vibrant Sengkang Central, Sengkang Grand Residences is a distinctive mixed-use integrated development that will seamlessly integrate with Buangkok MRT station and a new bus interchange. The residences are conveniently located above a three-storey mall comprising shops, a supermarket, a hawker centre, and a community club with a childcare facility. The project will meet the needs of residents and the surrounding community in a one-stop location. Sengkang Grand Residences offers excellent transportation connectivity via integration

with Buangkok MRT station and the future bus interchange, and accessibility to major expressways. It is expected to become a focal point for residents in the Buangkok and greater Sengkang area.

Artist’s Impression

“ GOOD LOCATION AND EXCEPTIONAL DESIGN HAVE

ALWAYS BEEN HALLMARKS OF CDL'S RESIDENTIAL PROJECTS.

WE LOOK FORWARD TO CREATING MANY MORE DISTINCTIVE

LANDMARKS IN SINGAPORE THAT PROVIDE AN ENDEARING

HOME AND STRONG INVESTMENT VALUE FOR HOMEBUYERS.”MR CHIA NGIANG HONG,

GROUP GENERAL MANAGER OF CDL

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CDL has become the only developer to have won the BCA Quality Excellence Award – Quality Champion (Platinum) for seven consecutive years. CDL was conferred the award at the Building and Construction Authority (BCA) Awards 2019.

This award recognises leading progressive developers and builders for their commitment and achievement in delivering high quality homes through workmanship excellence and quality assurance programmes. The win is an testament to CDL's strong commitment to quality, and an enhancement to CDL's brand and product differentiation.

The CDL team is all smiles at the BCA Awards 2019 awards ceremony, held at Resorts World Sentosa on 29 May 2019.

HALLMARK OF QUALITY

“ AT CDL, WE HAVE PUT IN A LOT OF EFFORT INTO BUILDING UP

AND MAINTAINING A STRONG AND SUSTAINABLE REPUTATION

OVER THE YEARS. WE CONTINUOUSLY REFINE THE WAY WE

BUILD, SO AS TO ENHANCE THE QUALITY AND PERFORMANCE OF

OUR BUILDINGS AS WE ENDEAVOUR TO SET NEW BENCHMARKS.

MR SHERMAN KWEK,GROUP CHIEF EXECUTIVE OFFICER OF CDL

“ CDL HAS BEEN A SUPPORTIVE INDUSTRY PARTNER

AND PIONEERED THE ADOPTION OF BCA’S QUALITY

MARK SCHEME, WHICH AIMS TO HELP DEVELOPERS

CONSISTENTLY DELIVER HIGH QUALITY HOMES,” HE SAID.

“WE HOPE THAT MORE DEVELOPERS WILL BE INSPIRED

BY THEIR SUCCESS STORY AND EMBARK ON A SIMILAR

JOURNEY TO ENSURE HIGH QUALITY PROJECTS. ”MR HUGH LIM,

BCA’S CHIEF EXECUTIVE OFFICER

In 2018, all five of CDL’s completed developments achieved an average score of 97.2 under BCA’s Construction Quality Assessment System (CONQUAS). Introduced in 1989, CONQUAS serves as the industry benchmark for quality and workmanship standards of construction projects in Singapore. Although it was not mandatory for private sector projects to subscribe to CONQUAS, CDL has consistently pushed for all its projects to be assessed since the system was introduced.

HOMERUNHOMERUN

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BIZBUZZ

Artist’s Impression

Mr Sherman Kwek, Group Chief Executive Officer of CDL and Mr Wu Xu, Founder and Chairman of Sincere Group.

Sincere is the major developer for Zhengzhou Financial Island, a mega mixed development comprising offices, serviced apartments, hotels, a retail mall and cultural centres.

Jinglan Peak (重庆敬澜山) is a high-end residential development in Chongqing.

Starlight 68 (重庆星光68), a high-end retail mall in Chongqing.

Spread across 11 blocks, Shanghai Hongqiao Sincere Centre (Phase 2) (上海虹桥协信中心 (二期)) has a Gross Floor Area (GFA) of 35,739 sqm comprising offices, serviced apartments, and a retail component.

CDL charts its next phase of growth in China by entering into a transformational RMB 5.5 billion (approximately S$1.1 billion) deal with Sincere Property Group, an established real estate developer in China.

CDL will have representation on Sincere's Board at both offshore and onshore levels and have the right to participate in key decision making.

In addition, CDL will increase its intended stake in Shanghai Hongqiao Sincere Centre (Phase 2) (上海虹桥协信中心 (二期)), a prime commercial property in the heart of Shanghai’s Hongqiao Central

Business District (CBD), from 70% to 100% for a total purchase price of RMB 1.75 billion (approximately S$344 million).

Who is Sincere?

With a track record of over 20 years, Sincere is ranked as one of China’s Top 100 Developers by China Real Estate Association (中国房地产业协会) and one of China’s Top 10 Business Park Developers and Operators by Guandian (观点地产).

It has a full set of development and asset management capabilities across different sectors, including residential, retail, office, serviced apartment, business park and large-scale mixed-use development.

Sincere’s geographical presence in China spans 20 cities (including Tier 1 and Tier 2 cities) where it employs over 1,800 professionals.

It has a full spectrum of residential projects ranging from the high-end to the mass market, which include villas as well as low- and high-rise condominiums. It also has more than 15 business parks, which are under development or in operation, with a total GFA over 5 million sqm.

Sincere also owns and operates a substantial portfolio of investment properties in China, including 14 retail malls with a total GFA of about 700,000 sqm, two serviced residences with 536 apartments and five hotels with approximately 1,400 rooms.

Sincere’s contracted sales grew at a compounded annual growth rate of 47% from RMB 9.9 billion (approximately S$2 billion) in 2016 to RMB 21.3 billion (approximately S$4.3 billion) in 2018.

DRIVING CDL’S NEXT PHASE OF GROWTH IN CHINA

Accelerate growth of CDL’s portfolio in China

• Expand CDL’s geographical presence in China from three to 20 cities

• Increase CDL’s portfolio allocation in China from 9% (as at 31 December 2018) to 15% (post acquisition)

• Achieve scale and attractive returns through immediate access to an enlarged portfolio and pipeline as well as potential joint venture (JV) opportunities for acquisitions in China’s Tier 1 and Tier 2 cities

Enhance and deepen CDL’s expertise

• Supplement CDL’s existing platforms and investments in the residential, office, retail, apartment rental and hotel sectors with Sincere’s expertise in managing retail, business parks and serviced apartments

Combine local and international capabilities

• Leverage on an enlarged resource pool

• Benefit from Sincere’s sizable team with strong local execution capabilities

• Achieve significant competitive edge through combining Sincere’s local networks and partnerships with CDL’s international expertise and capital markets connections

• Potential to develop fund management platforms via Sincere’s existing portfolio and through new acquisitions

Chengdu Hilton Hotel (成都希尔顿酒店)

Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, “Leveraging Sincere’s development and asset management capabilities, local expertise and wide geographical presence in China, CDL will be able to significantly boost its scale and accelerate its growth in this huge market with a substantial portfolio and pipeline of development projects and investment properties.”

“Sincere’s capabilities in retail, business parks and serviced apartments will also enhance and deepen CDL’s expertise in China. Moreover, there is tremendous potential to develop fund management platforms via Sincere’s existing portfolio and through new acquisitions.”

Mr Wu Xu, Founder and Chairman of Sincere, said, “This strategic partnership also brings together Sincere’s deep local capabilities and CDL’s extensive international expertise.”

“Our combined strengths will not only give our joint venture a distinct advantage in property development and asset management but also open doors to further growth opportunities, such as tapping CDL’s experience and networks to jointly explore fund management initiatives.”

“ RAPID URBANISATION, ECONOMIC GROWTH AND RISING

DISPOSABLE INCOMES WILL CONTINUE TO DRIVE DEMAND

FOR REAL ESTATE IN CHINA. THIS TRANSFORMATIONAL DEAL

IS CDL’S SINGLE LARGEST INVESTMENT IN CHINA TO DATE. IT IS

A RARE OPPORTUNITY TO ACQUIRE A MEANINGFUL STAKE IN

AN ESTABLISHED PLATFORM AT AN ATTRACTIVE VALUATION.

THIS GAME-CHANGING INITIATIVE WILL DRIVE CDL’S NEXT

PHASE OF GROWTH IN THIS IMPORTANT MARKET. ”MR SHERMAN KWEK,

GROUP CHIEF EXECUTIVE OFFICER OF CDL

“ SINCE OUR FOUNDING IN 1999, SINCERE HAS BUILT A STRONG

PRESENCE AND REPUTATION IN CHINA. CDL’S INVESTMENT

AND SUPPORT WILL BE INSTRUMENTAL IN ACCELERATING

SINCERE’S GROWTH AS WE CONTINUE TO INCREASE OUR

LAND BANK AND PIPELINE OF PROPERTIES WITH THE AIM

OF ACHIEVING EVEN STRONGER SALES GROWTH. ”MR WU XU,

FOUNDER AND CHAIRMAN OF SINCERE

This deal is CDL's single biggest investment in the world's second largest economy. Subject to various conditions precedent, the investment is expected to be fully completed by Q4 2019.

Upon completion, CDL will indirectly hold an approximately 24% effective equity stake in Sincere, making CDL the second largest shareholder after Sincere's Founder and Chairman, Mr Wu Xu.

BIZBUZZ

A SINCEREPARTNERSHIP IN CHINA

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STAYING ON COURSE

On track in its Growth, Enhancement and Transformation strategy, CDL posted an 18.3% increase in profit to S$362 million for 1H 2019

The largest contribution to the net profit came from the unwinding of CDL’s Profit Participation Securities (PPS 2) structure, which achieved pre-tax deferred gains of S$153.9 million from the divestment of Manulife Centre and 7 & 9 Tampines Grande, and a gain of S$43.3 million from CDL’s stake in PPS 2.

Profit from two well-received luxury joint-venture (JV) projects, South Beach Residences and Boulevard 88, also contributed to the positive results.

As at 30 June 2019, the Group’s balance sheet remained robust, with cash reserves of S$3.3 billion and a net gearing ratio of 44% (without factoring any revaluation surplus from investment properties).

The Board also declared payment of a tax-exempt (one-tier) special interim dividend of 6.0 cents per ordinary share.

Heathy residential sales

In 1H 2019, CDL and its JV associates sold 505 residential (including Executive Condominiums) units in Singapore for S$1.55 billion.

In China, CDL’s wholly-owned subsidiary CDL China Limited and its JV associates sold 347 residential units in 1H 2019, achieving a total sales value of RMB 1.08 billion (approximately S$213 million).

Driving growth and recurring income

CDL has continued to execute several strategies to drive growth and recurring income. These include the takeover bid for Millennium & Copthorne Hotels plc; the transformational partnership with Sincere Property Group; the investment in IREIT Global; and the acquisition of prime properties in Australia, China, Japan as well as the non-residential components of PPS 1.

Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, “We have focused on executing our GET strategy of Growth, Enhancement and Transformation. By creating strong value propositions and timing our launches strategically, we have achieved healthy sales for our residential projects in Singapore. At the same time, we have further diversified overseas through transformational initiatives such as our partnership with Sincere to expand CDL’s presence in China and achieve sustainable growth there.”

“Increasing recurring income via acquisitions, asset enhancement initiatives and our fund management strategy is another priority. We will continue to grow, diversify, innovate, transform, as well as forge new alliances.”

BIZBUZZ

The Darmstadt Campus is one of IREIT Global's five freehold office properties in Germany. The campus enjoys close proximity to the Darmstadt central railway station.

New Futura, a freehold 124-unit development at Leonie Hill Road, has been fully sold, with an ASP of over S$3,500 psf. In 1H 2019, CDL and its joint-venture associates sold 505 units (including Executive Condominiums) in Singapore, achieving a total sales of S$1.55 billion.

The Berlin Campus is located in Schreiberhauer Straße in the Lichtenberg district, 6km east of Berlin city centre. Within walking distance to the Ostkreuz railway station, the campus is easily accessible by the S-Bahn (local railway) as well as regional trains and buses.

THE REIT MOVETo grow its fund management business, CDL, through its wholly-owned subsidiaries, City REIT Management Pte Ltd and City Strategic Equity Pte Ltd, made an investment in a REIT (real estate investment trust).

In April 2019, CDL completed the acquisition of a 50% stake in IREIT Global Group Pte. Ltd., the manager of Singapore-listed IREIT Global, and 78.6 million units (approximately 12.4%) of the total issued units in IREIT Global for about S$77.7 million. In June, CDL increased its stake to 12.5% of the issued units.

Listed on the Singapore Exchange since 2014, IREIT Global focuses on investing, directly or indirectly, in income-producing office, retail and industrial properties in Europe. Its current portfolio, which comprises five freehold office properties in Germany's cities of Berlin, Bonn, Darmstadt, Munich and Münster, is valued at €526.4 million (about S$816 million).

The five properties have a total Net Lettable Area (NLA) of more than 200,600 square metres (sqm) and comprises about 3,400 carpark lots. With an overall occupancy rate of 98.6%, their diversified blue-chip tenants include Allianz Handwerker Services GmbH, Deutsche Rentenversicherung Bund, GMG (a wholly-owned subsidiary of Deutsche Telekom) and ST Microelectronics.

Why invest in IREIT Global?

As part of its transformation, CDL is developing its fund management business through organic growth coupled with the acquisition of assets and platforms.

Mr Frank Khoo, Group Chief Investment Officer of CDL, said, "This investment in a REIT is in line with our aim to achieve AUM of US$5 billion by 2023. Besides being earnings accretive with immediate contribution to CDL's recurring income through management fees and attractive yield, the investment in IREIT Global complements the existing CDL Hospitality Trusts and will strengthen CDL's REIT management expertise."

This deal will also enhance CDL's diversification by increasing its presence in established European economies such as Germany, which has continued to develop physical and digital infrastructure to draw in talent and capital. Germany has attracted companies looking to establish or expand their European presence, which has benefitted its economy. This has also translated to tightening cap rates, increasing rents, and decreasing vacancies across the country.

CDL has confidence in the long-term fundamentals of the established European economies and will continue to seek opportunities to acquire assets with deep value, capitalising on attractive pricing and yields in key locations.

Through asset management and enhancement expertise, CDL can add value and potentially recycle capital by injecting properties into IREIT Global.

BIZBUZZ

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LUXESTYLE

Residents will enjoy private gardens, a sports area within the estate, leisure and retail facilities at their doorstep, and a wide range of services including concierge, parcel collection and a car sharing rental scheme.

NEXT STOP: LEEDS

CDL expanded into Leeds in the UK by acquiring a site for development into its first Private Rental Sector (PRS) project.

The largest centre outside London for financial and business services, digital, creative, publishing and broadcasting, Leeds’ history as an industrial city is closely tied to the railways that link it to other centres of British industry and commerce.

One legacy of these railway networks is the stonework viaducts that span the river Aire, which have remained icons of the landscape even though train services have moved onto more modern rail lines.

CDL is transforming one of these landmarks at Monks Bridge into an elevated public green space designed in the style of New York’s famed High Line. High Line is a public space built on a historic elevated freight rail line that has had a transformative effect on the local community.

Marking its expansion into the rapidly-growing UK Private Rented Sector (PRS), CDL has acquired a £15.4 million (approximately $27.5 million) freehold site from Alpha Real Trust. This translates to about £80 (approximately S$142) per square foot for the 193,752 square feet (sq ft) site. This is CDL's first site in Leeds.

Full planning permission has been obtained for the site which has a residential and commercial Net Lettable Area of around 386,000 sq ft and 16,000 sq ft respectively. CDL plans to develop a 664-unit build-to-rent residential project with retail space located within the site's attractive heritage arches beneath a viaduct. The project is expected to be completed in 2023.

Strategically located at Monk Bridge in Leeds, the site is about a 10-minute walk to the Leeds Train Station and two kilometres to the Leeds City Centre which comprises the financial, civic, shopping and cultural quarters.

CDL will create a vibrant and stylish estate where a public park will be developed on the viaduct, providing spaces for public functions, outdoor film screenings, pop-up restaurants and a pedestrian walkway leading to the Leeds Train Station and Leeds City Centre.

Residents will enjoy private gardens, a sports area within the estate, leisure and retail facilities at their doorstep, and a wide range of services including concierge, parcel collection and a car sharing rental scheme.

Tapping the UK Private Rented Sector's strong growth potential

Expanding into the UK PRS is in line with CDL's strategy to grow its recurring income. Due to increased labour mobility and the growing popularity of renting, CDL sees strong growth potential for this sector. Moreover, the PRS is a key part of the government's agenda to solve the UK's housing supply-demand imbalance.

Artist’s Impression

BIZBUZZ

Chefs Soma Oroszki (left) and Mirko Vinci busy plating the dishes in the kitchen.

MASTERCHEFSAT WORK

(Left to right) Gourmet Specialist Csaba Harmath; International Masterchef Soma Oroszki; Grissini Head Chef Mirko Vinci; and Sous Chef Kulcsár Tamás.

Guests were served up fine dishes by Head Chef Mirko Vinci of Grissini, one of the Hosting Establishments and Partner Restaurants at this year’s World Gourmet Summit.

The 23rd edition of the World Gourmet Summit saw Grissini restaurant at Grand Copthorne Waterfront Hotel play host to guests seeking a special international epicurean experience. This year’s theme for the summit was “Sustainability”.

During the six-week culinary festival, Head Chef Mirko Vinci served up a special celebratory menu, with delicious dishes such as Slow Baked Beef Short Ribs with Celeriac, Baby Vegetables and Mushroom Sauce.

One of the Hungarian dishes served: skin-seared trout, cured crayfish, lescó (a thick vegetable ragout that resembles ratatouille), tarhonya, and tomato chips.

The Grand Copthorne Waterfront team, with General Manager Mr Farid Schoucair (first row, sixth from right), and their new award wins.

RAISINGTHE BARGrand Copthorne Waterfront Hotel marked its 20th anniversary with a slew of prestigious awards, raising the bar for the hospitality industry.

The 574-room property won five categories of the prestigious 2019 International Hotel Awards: ‘Luxury Hotel’, ‘Luxury Convention Hotel’, ‘Luxury Hotel Marketing Singapore’, ‘Luxury Hotel Marketing Asia-Pacific’, and ‘International 5-Star Standard’.

Grand Copthorne Waterfront Hotel was also conferred Her World Brides Venue Awards 2019 for the hotel’s signature solemnisation ceremony at the Promenade, where guests can hold their solemnisation or wedding reception at the picturesque area overlooking the Singapore River.

At the Asia Recruitment Awards 2019, the hotel took home an award that recognises them for their innovative recruitment strategy.

Grand Copthorne Waterfront Hotel was conferred with a Green Mark Platinum Award for Excellence in the Built Environment by the Building and Construction Authority.

“We are humbled by the numerous awards that we have received, and the recognition of our commitment in delivering exceptional and memorable experiences for our guests and partners,” said General Manager Mr Farid Schoucair. “As the hospitality industry continues to evolve, it is important that we always strive to reinvent our offerings and keep our finger on the pulse of emerging industry trends.”

The restaurant also hosted the Masterchef Dining Delights Campaign. Chef Mirko, who hails from Italy, was joined by International Masterchef Soma Oroszki and Gourmet Specialist Csaba Harmath who are both from Hungary. Together they prepared a refreshing five-course dinner featuring Hungarian cuisine.

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A Singapore-first, the Grand Ballroom now has two floor-to-ceiling LED walls. Guests can now be dazzled by floor-to-ceiling videos and animated visuals.

Orchard Hotel’s iconic clock tower is back to welcome guests entering the lobby. It has been modernised with a contemporary chandelier-inspired art sculpture.

A GRANDE DAME REOPENSOrchard Hotel has unveiled an enhanced 360-degree guest experience. The refurbishment reimagines dining, events and lodgings for business guests and the modern, sophisticated traveller.

The multimillion-dollar asset enhancement programme, which spanned nine months, upgraded key facilities within the hotel: the Grand Ballroom, Conference Centre, Lobby, The Orchard Cafe, Bar Intermezzo, and the hotel’s 260 Grand Deluxe rooms.

Polished public spaces

A brand-new arrival experience welcomes guests through an enlivened lobby interior. The hotel’s iconic clock tower has been brought up-to-date with a contemporary chandelier-inspired art sculpture. The clock tower is flanked by two upgraded F&B destinations, The Orchard Cafe and Bar Intermezzo.

LUXESTYLE LUXESTYLE

The renovated Grand Ballroom Foyer is now lined with orchid-inspired chandeliers.

The Grand Deluxe Queen room. The revitalised Grand Deluxe guest rooms are now equipped with upgraded amenities, including a Japanese soaking tub in select room configurations.

Exclusive events

The Grand Ballroom, one of Singapore’s largest pillar-free ballrooms, has a luxurious new look: an impressive foyer lined with floating orchid-inspired chandeliers, and exclusive spaces carved out for various uses.

The 10,000-square-feet and six-metre-high ballroom also boasts a Singapore-first: two floor-to-ceiling LED walls with statement lighting and state-of-the-art audio-visual capabilities.

The other refurbished conference and function rooms and spaces are now more versatile than ever. The conference centre has been redesigned with five intimate meeting rooms and upgraded meeting facilities. Event planners now have numerous creative catering options to choose from: the hotel’s four award-winning culinary concepts — Hua Ting Restaurant, The Orchard Cafe, Mon Bijou and Bar Intermezzo — as well as a Halal-certified kitchen.

A STORIED HISTORY

Orchard Hotel opened in the late 1950s as a humble four-storey, 34-room establishment. The Golden Venus was home to popular tea dances and emerging musicians of the 1960s.

Redeveloped in the 1970s to cater to the tourist boom, the old building was eventually demolished in 1978, and the first inkling of the 656-key, twin-tower Orchard Hotel Singapore as it exists today took its place.

New Grand Deluxe rooms

The 260 Grand Deluxe guest rooms in the hotel’s Orchard Wing have been redesigned with today’s sophisticated traveller in mind. Upgraded amenities include a Handy smartphone for unlimited data calls in local and worldwide, six USB ports, wired and wireless high-speed internet connectivity, and a Smart TV.

Guests can also unwind in a luxurious Japanese soaking tub (available in select room configurations). They can also call for one of 12 signature spice-based cocktails from Bar Intermezzo to be delivered right to their rooms.

Overlooking the lobby from the second floor is Cantonese fine dining stalwart Hua Ting Restaurant, which was given its own extensive makeover in 2018.

“ WITH SUCH A RICH HISTORY AND ICONIC ADDRESS IN

THE HEART OF SINGAPORE’S RENOWNED SHOPPING AND

ENTERTAINMENT BELT, WE NEEDED A HOTEL THAT CAN

CONTINUE TO STAND THE TEST OF TIME. OUR TEAM, FROM

FRONT-OF-HOUSE TO BACK-OF-HOUSE, HAS BEEN WORKING

TIRELESSLY DAY AND NIGHT TO MAKE THIS ENHANCEMENT A

SUCCESS, ALL WHILE NEVER TURNING AWAY A SINGLE GUEST. ”MR JEAN-PHILIPPE JACOPIN,

GENERAL MANAGER, ORCHARD HOTEL

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LUXESTYLE LUXESTYLE

Millennium Chengdu (China) replaced all water boilers in its back-of-house with computerised dispensers to prevent overflowing, dripping and leaking.

To keep water loss rate from the water supply pipe network low and within the local government's standards, Millennium Chengdu (China) has installed secondary and tertiary water meters across the hotel.

SAVE WATER, SAVE THE WORLD

Grand Copthorne Waterfront (Singapore) makes use of NEWater for its cooling towers in the hotel. NEWater, which is produced by Singapore's Public Utilities Board, is treated wastewater that has been purified using microfiltration, reverse osmosis and ultraviolet technologies. In addition to using NEWater, its cooling tower is also equipped with features such as leak detection systems.

With more than 150 hotels around the world, Millennium Hotels and Resorts' organisation-wide measures to conserve natural resources make a significant impact on the environment.

Part of Millennium Hotels and Resorts' (MHR) Responsible Hospitality programme is its global water conservation plan. Central to the plan is to increase water recycle and reuse.

MHR is introducing alternative, more efficient methods to its chiller systems at new hotels and hotels undergoing major system and property renovations.

Water conservation strategies also include investing in water-efficient technologies, process improvements and reusing and recycling water. For example, in addition to treating water in its swimming pool, Millennium Minneapolis in the US backwashes its swimming pool every two to three days instead of daily. Backwashing is the process of thoroughly cleaning a swimming pool filter by reversing the flow of water.

Landscaping with less water

A major use of water at MHR is in maintaining its hotels’ beautiful grounds, gardens and landscapes. Many hotels have found ways to save water without affecting impacting their green spaces.

Millennium Rotorua (New Zealand) re-planted 80% of its gardens with native plants such as Ponga (a silver fern tree) and Harakeke (a type of flax plant). The plants do not require any watering during the summer months, helping to reduce water use.

Copthorne Hotel and Resort Bay of Islands (New Zealand) makes use of groundwater and water collected from its greenhouse roof to irrigate the landscaping and vegetable gardens at the hotel.

MHR’S STRATEGIES FOR CONSERVING WATER1. Apply water tap restrictors, dual flushing toilet cisterns

and other simple water savings measures to taps, toilets and showerheads, and water boilers.

2. Record daily water meter readings, inspect and attend to leaks and repairs immediately.

3. Treat water in swimming pools to optimise the quality of the water and minimise pool drainage.

4. Put up signages to encourage guests to use less water in bathrooms and to reuse their towels and bed linens.

5. Harvest rainwater and recycle greywater. This can be used for plant irrigation and toilet cisterns respectively.

In New Zealand, Copthorne Hotel and Resort Bay of Islands irrigates its landscaping and vegetable gardens with groundwater and water collected from its greenhouse roof.

Millennium Rotorua has re-planted 80% of the gardens with native plants that require no watering during summer. Landscaping with native plants not only significantly reduces water consumption and bills — it also has large benefits for biodiversity, reduces the need for chemical fertilisers/pesticides, and lets guests experience the local flora.

In the US, Millennium Buffalo has installed a rain monitor on its irrigation system, so that the irrigation system will not switch on in rain or freezing weather.

What is measured is saved

At the moment, 71% of MHR hotels have some form of water saving measure in place, but only 21% are measuring their water bill savings. The hotel group is retrofitting motion sensors and low flow fixtures in common areas, back-of-house areas and guestrooms.

To reduce its water footprint, MHR has focussed on areas such as kitchens, laundry areas, gardens, spas and heating and cooling systems.

Grand Copthorne Waterfront in Singapore has changed out its water fittings throughout the hotel, including guest rooms taps, to ones that meet the Water Efficiency Labelling Scheme requirements by Singapore's Public Utilities Board.

UK's Chelsea Habour Hotel's water saving measures have led to savings of at least 5% on water bills each month. It has installed new water-efficient showerheads and tap restrictors, and dual flush toilets to allow users to choose between full- or half-flush.

The human factor

MHR is actively encouraging personnel to preserve water usage throughout the business, particularly in hotels operating in water stressed regions. Regional and hotel teams are educated about water saving initiatives.

MHR’s hotel General Managers are the driving force in implementing various green initiatives and projects. One example is Millennium Sirih Jakarta in Indonesia, where guests are encouraged to help play their part to save water by opting not to have their towels changed daily.

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Over the years, CDL has developed numerous green developments. Nestled within the Upper Bukit Timah and Chestnut Avenue private residential estate is Tree House, which entered the 2014 Guinness World Records for the largest vertical garden in the world.

For The Tapestry, one of CDL’s BCA Green Mark Platinum projects, various energy-efficient features are estimated to save about 3.8 million kWh annually, equivalent to more than S$760,000.

CDL secured its first green loans amounting to S$500 million, marking the first time that green loans in Singapore will be used for new property developments. This followed CDL's inaugural green bond issuance in 2017, the first by a listed Singapore real estate company.

A green loan of S$400 million, with a three-year term, is provided by DBS Bank Ltd. (DBS), which is the Advisor for this green loan.

Another green loan of S$100 million, with a two-year term, is provided by The Hongkong and Shanghai Banking Corporation Limited (HSBC), which is the Structuring Advisor for this green loan. This is the first multi-currency green loan secured by a Singapore company. It allows CDL to finance new green developments in Singapore and overseas.

The green loans will be used to finance eligible green development projects.

CDL's green bond in 2017 raised S$100 million which was allocated towards various initiatives to enhance energy and water efficiency at Republic Plaza, CDL's flagship Grade A office building in the heart of Singapore's Central Business District.

The rising tide of green financing

Increasingly, more companies are leveraging green financing to fund their sustainability-linked projects. According to research by BloombergNEF, green bonds issuance amounted to US$182.2 billion in 2018 and sustainability-linked loans reached US$36.4 billion that same year.

Ms Yiong Yim Ming, Group Chief Financial Officer of CDL, said, “Globally, sustainability has become mainstream in business. There is increasing interest in socially responsible investments and growing demand for relevant financial products. Green financing has grown significantly over the past few years which offers an alternative

financing stream and plays a pivotal role in channelling capital to build greener and more climate-friendly infrastructure."

"Having integrated Environmental, Social and Governance practices into our business for over two decades, green financing is a natural progression of our long-standing commitment to sustainable development and low carbon operations.”

As at December 2018, CDL accumulated a total of 100 Green Mark developments and office interiors awarded by Singapore's Building and Construction Authority (BCA), the highest tally among private sector real estate companies in Singapore. CDL is also the first and only private sector developer to receive the BCA Built Environment Leadership Platinum Star Award.

200 YEARS OF GREENING SINGAPOREFrom now till 10 November 2019, visit the CDL Green Gallery in Singapore Botanic Gardens to learn how Singapore has transformed into one of the world’s lushest cities.

Singapore’s reputation as a “Garden City” forms part of Singapore’s post-independence success story. Before the vision of a garden city was officially articulated in 1967, however, Singapore’s natural landscape was already being shaped by planners and architects in ways that continue to influence how Singapore is being developed today.

Launched by CDL and the National Parks Board (NParks) on 21 June 2019, “Singapore’s Greening Journey: 200 Years and Beyond” is an exhibition that explores the evolution of Singapore’s landscapes from 200 years ago, and how it will continue to develop into the future. The event, located at the CDL Green Gallery in the Singapore Botanic Gardens, is part of the Gardens’ 160th anniversary celebrations and the ongoing Singapore Bicentennial commemorations.

Minister for National Development and Second Minister for Finance Mr Lawrence Wong, who officially opened the exhibition, highlighted

WHAT YOU’LL SEE AT THE EXHIBITION

Visitors can explore interpretive panels and interactive displays placed in three thematic zones, each zone presenting a phase of Singapore’s green development:

1. From Forested Island to Urban Jungle (1819 – 1964)

2. Garden City to Biophilic City in a Garden vision (1965 – 2019)

3. Biophilic Garden City of Tomorrow (2019 and beyond)

Front row from left: Dr Nigel Taylor, Group Director of Singapore Botanic Gardens; Mr Kenneth Er, CEO of NParks; Professor Leo Tan, Chairman of the Garden City Fund; Minister Lawrence Wong; Mr Sherman Kwek, CDL Group CEO; Mr Chia Ngiang Hong, CDL Group General Manager; and Ms Esther An, CDL Chief Sustainability Officer.

Mr Lawrence Wong, Minister for National Development and Second Minister for Finance recording his hopes and dreams for a greener Singapore on an interactive display. Looking on is CDL Group CEO Mr Sherman Kwek (in blue shirt), CDL Group General Manager Mr Chia Ngiang Hong (first from left), and CDL Chief Sustainability Officer Ms Esther An (in green).

Artist’s Impression

FUTURENOW

in his remarks that "CDL clearly stands out as a champion for green and sustainable development." He commended CDL as "an industry leader in green buildings, who for more than a decade has been supporting the government in many public outreach and education projects."

Mr Sherman Kwek, CDL Group Chief Executive Officer, said: “For decades, the private sector has played a significant role in supporting the Government’s focus on imbuing our city with nature and CDL is glad to have contributed to this vision. We have established a great partnership with NParks over the years to promote the importance of greening Singapore through various collaborations including the CDL Green Gallery. We hope that the exhibition launched today will enable Singaporeans and foreign visitors to learn more about Singapore’s greening journey and aspirations to be a biophilic City in a Garden.”

“Singapore’s Greening Journey: 200 Years and Beyond” is open to visitors 9am to 6pm daily (except on the last Tuesday of each month). The exhibition will open until 10 November 2019.

FROM GREEN BOND TO GREEN LOANS

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WEATHERING A CHANGED CLIMATEIn its Integrated Sustainability Report (ISR) 2019 "Changing the Climate: Towards Future Value 2030 Goals", CDL shares its progress towards the material Environmental, Social and Governance (ESG) goals and targets under the CDL Future Value 2030 Sustainability Blueprint.

With the global push for a low carbon economy and climate-resilient future, the theme for CDL’s ISR 2019 highlights how the company has continued to accelerate its climate actions and encourage greater adoption of sustainability best practices among companies.

It is the middle of 2019 and the world has already seen a significant spate of extreme weather events.

Record flooding in Mid-Western US; more than 200 weather records broken in Australia last summer, including record temperatures in January (49.5°C in Port Augusta and 35.9°C in New South Wales); and over 40% of Greenland’s ice, or two billion tons of ice melted in one day in June 2019.

As local governments grapple with the impact of climate change, businesses, too, have been adapting to minimise. Besides building processes and infrastructure to deal with extreme weather, companies worldwide have also been introducing measures to reduce the environmental footprint of their business.

When the world is 1.5°C warmer

Last year, CDL completed a Climate Change Scenario Planning Study based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. CDL is the first Singapore real estate company to do so.

The study was conducted to raise CDL's readiness for potential climate-related risks in Singapore and key overseas markets where it has core business operations. It considered two scenarios where global temperatures rise by 2°C and 4°C.

To align with the landmark Intergovernmental Panel on Climate Change (IPCC) Special Report released in November 2018, CDL has expanded the study to the 1.5°C warmer scenario.

Raised carbon emission targets

CDL has raised its carbon emissions intensity reduction target across its Singapore operations to 59% by 2030 from base-year 2007.

By adopting globally-recognised best practices such as Science Based Targets initiative (SBTi)-validated targets, CDL is on track to take concrete actions to futureproof its business for sustained growth.

FUTURENOW

Developed by CDL, the zero-energy Singapore Sustainability Academy at CDL's City Square Mall is a knowledge and networking hub on sustainability. Advocacy and stakeholder engagement are ways through which CDL multiplies the impact of its sustainability efforts.

Another step in the journey

Since 1995, CDL has been "Conserving as it Constructs", working towards a greener and more sustainable future for all. In March 2019, CDL released its latest Integrated Sustainability Report (ISR) 2019. Entitled “Changing the Climate: Towards Future Value 2030 Goals”, this fully-digital report communicates CDL’s progress towards its material ESG goals and targets established under the CDL Future Value 2030 Sustainability Blueprint. Its theme is clear: climate action is urgent.

Ms Esther An, Chief Sustainability Officer of CDL, said, “CDL's early and unique ESG integration into our business and operations has brought us first-mover advantage and created tangible and long-lasting value for our brand, business operations, stakeholders, customers, investors and the community. As we continue to enhance our ESG performance, our efforts will not only unlock the opportunities in a climate-resilient economy but also future-proof our business for sustained growth.”

The report reinforces CDL's firm commitment to achieve the relevant UN Sustainable Development Goals (SDGs) through its integrated sustainability strategy towards 2030.

The full report is available at CDL’s dedicated sustainability microsite: www.cdlsustainability.com.

Key highlights of CDL’s ESG performance in 2018

• First Singapore real estate company to obtain SBTi’s validation for its carbon emissions intensity reduction target of 59%

• First Singapore real estate company to complete a Climate Change Scenario Planning Study based on TCFD recommendations

• Ranked 25th in 2019 Global 100 Most Sustainable Corporations in the World; only Singapore company listed for 10 consecutive years

• Attained 100 BCA Green Mark developments and office interiors, the highest achieved among real estate developers in Singapore

• Achieved more than S$24 million in savings due to energy-efficient retrofitting and initiatives at eight office buildings from 2012 to 2018

• Pioneered adoption of Renewable Energy Certificates through a blockchain-enabled platform in Singapore

• S$100 million inaugural Green Bond fully-allocated

• Embracing 13 relevant UN SDGs

A SINCERE PARTNERSHIP IN CHINA

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Flagged off by guest-of-honour and Minister for Culture, Community and Youth, Ms Grace Fu, C-suite participants of the SDG City Challenge dash off from the starting line at South Beach.

The organising and supporting partners of SDG City Challenge 2019.

(On stage, left to right) Event emcee Mr Gurmit Singh; Mr Lai Chin Kwang, ActiveSG Chief, Ms Esther An, CDL Chief Sustainability Officer; Mr Frank Khoo, CDL Group Chief Investment Officer; Mr Sherman Kwek, CDL Group Chief Executive Officer; Mr Lim Teck Yin, SportSG Chief Executive Officer; Ms Audrey Tong, HPB Director of Corporate & Industry Partnerships; Ms Samantha Tan, South Beach General Manager; Ms Yvonne Soh, Singapore Green Building Council Executive Director; and event emcee Ms Judee Tan.

(front row, left to right) Mr Daniel Koh, M Social Director; Mr Roy Chiang, CBM Chief Executive Officer; Mr Dennis M Johnny, M Hotel Director of Food and Beverage; Mr Terence Ng, Grand Copthorne Waterfront Hotel Manager; Mr Jean-Philippe Jacopin, Orchard Hotel General Manager; Mr Kevin Huang, W Singapore – Sentosa Cove Executive Assistant Manager; and Mr Blake Walker, JW Marriott Singapore South Beach Director of Food and Beverage.

More than 2,000 employees, families and friends from CDL and partners joined in the second SDG City Challenge and experienced the green, healthy and sustainable lifestyle.

Staff, families and friends of CDL and its partners—the Building and Construction Authority (BCA), Health Promotion Board (HPB), and Sport Singapore (SportSG)—spent an invigorating day at the SDG City Challenge this year.

Now in its second run, the 27 July event was held at two locations, South Beach and City Square Mall. The SDG City Challenge is an extensive People, Private and Public partnership between 21 organising and supporting partners, aimed at promoting the green, healthy and sustainable lifestyle while raising awareness for the United Nations’ Sustainable Development Goals (UN SDGs).

"A sustainable lifestyle really means striking a needful balance: Being aware of how our daily activities affect our health, and how they impact the environment,” said Mr Kwek Eik Sheng, Group Chief Strategy Officer of CDL, who was leading one of the C-suite participating teams.

Participants of varying ages and fitness levels competed in an 800-metre run, a 34-storey climb up South Beach Tower, and an obstacle course. To build inclusivity, a new non-competitive ‘Fun’ category was introduced this year, which saw younger children aged seven to 12, senior citizens, and persons with disabilities, crossing the finish line.

The day’s line-up also included two other events: a carnival at South Beach with 30 participating booths selling environmentally-friendly food, products and services, and an Eco Treasure Hunt for families and teams over at City Square Mall.

HANDS-ON CLIMATE ACTIONThe second Youth4Climate Fest showcased how Singapore's youths can play an active role in protecting the environment.

Over the weekend of 20 and 21 July 2019, more than two thousand youths, including their families and friends, joined the Youth4Climate Fest 2019 at the Singapore Botanic Gardens.

Held in conjunction with the Ministry of the Environment and Water Resources’ (MEWR) Climate Action Week, and in support of Singapore’s Year Towards Zero Waste, this year’s Youth4Climate Fest was held in partnership with MEWR, the National Environment Agency, National Parks Board, ActiveSG, and other partners.

The event also celebrates the 160th anniversary of Singapore’s only UNESCO World Heritage Site.

Kicking off the event was the Youth4Climate Treasure Hunt, where participants visited historical locations in the park, played traditional games, and learned simple ways to reduce waste. This was followed by the festival highlight, the Youth4Climate Concert. Its lineup included a 150-strong combined school choir, a drama skit by Kuo Chuan Primary School, and song performances by youth musicians Uber Duber and local singer Ms Jo Tan.

Day two of the festival featured a climate action workshop led by Ms Anna Oposa, winner of the 2018 CDL E-Generation Challenge, and Ms

Dr Amy Khor, Senior Minister of State, Ministry of the Environment and Water Resources & Ministry of Health (in green), Ms Esther An, CDL Chief Sustainability Officer (in yellow), Mr Francis Liew, Producer of the Youth4Climate Fest Concert in a wefie together with the 150 strong youth choir and crowd at Singapore Botanic Gardens Shaw Symphony Stage.

The Festival drew to a close with about 1,000 guests enjoying a movie screening of the climate-themed Disney movie Moana, with free flow of popcorn and candy floss.

FUTURENOW

Samantha Thian, founder of the non-profit Seastainable Co. It ended with an evening screening of the environmentally themed Disney animated feature, Moana, entertaining more than 1,000 people.

#HEALTHGOALS #GREENGOALS

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heartened by the generous contributions that poured in from business associates, friends and the community. The funds raised today will go a long way towards helping the patients and their families at Assisi Hospice and we hope to inspire more contributions to support the impactful work of the Hospice.”

The CDL Challenge was initiated in 2017 to help support the operating expenses that Assisi Hospice incurs to care for over 2,000 patients yearly. That year, CDL raised over S$76,000 on top of the contributions raised from stall sales at the Assisi Fun Day. In 2018, CDL raised close to S$184,000 from this special charity segment alone.

HEARTWORK

CDL Group General Manager Mr Chia Ngiang Hong (second from right) and Group Chief Investment Officer Mr Frank Khoo (third from left) each led a team to make fruit juice with blenders powered by bicycles.

Enjoying the fruit (juice) of their labour are the teams of The CDL Challenge, accompanied by Guest-of-Honour Senior Minister of State, Ministry of Trade and Industry & Ministry of Education, Mr Chee Hong Tat (in red shirt); Assisi Hospice’s Patron Ms Ho Ching (third from right) and CDL Group CEO Mr Sherman Kwek (fourth from right).

A FRUITFUL 'PROPERTY CYCLE'

Senior management of CDL gave the 'property cycle' a whole new meaning at Assisi Hospice's annual Fun Day, raising S$227,175 in The CDL Challenge, a special charity segment at the event.

At the 2019 Assisi Fun Day, Assisi Hospice’s biggest fundraising event of the year, two members of the CDL senior management team, Mr Chia Ngiang Hong, Group General Manager and Mr Frank Khoo, Group Chief Investment Officer, took part in The CDL Challenge to help organiser Assisi Hospice reach its target of S$1 million.

Mr Chia and Mr Khoo each led a team of CDL and Assisi participants, taking turns to make fruit juice in special blenders powered by bicycles. The crowd joined the Guest-of-Honour Senior Minister of State, Ministry of Trade and Industry & Ministry of Education, Mr Chee Hong Tat, and Assisi Hospice’s Patron Ms Ho Ching, to cheer and support the teams.

Mr Chia’s team emerged as the winner even before the timer ran out, blending all the fruits allocated to his team. The CDL Challenge segment alone raised S$227,175 from CDL’s staff, business partners and visitors at the carnival.

Rising to the charity challenge

The 2019 Assisi Fun Day, which took place on 16 June 2019, attracted about 10,000 visitors. Themed Kampong Times, the mega carnival is co-organised with CDL and CBM Pte Ltd. CBM contributed manpower and expertise for areas such as logistics, cleaning and security. Contributing to the event’s lucky draw prizes were CDL Group’s hotels JW Marriott Hotel Singapore South Beach, M Social Singapore, The St. Regis Singapore, Studio M Hotel Singapore and W Singapore — Sentosa Cove.

The CDL Group took up one of the largest pavilions to set up nine stalls at Assisi Fun Day 2019. The pavilion stalls, which sold a variety of food and drinks, included four run by CDL staff volunteers, four by Millennium & Copthorne Hotels plc (M&C) hotels in Singapore (Copthorne King’s Hotel Singapore, Grand Copthorne Waterfront Singapore, M Hotel Singapore and Orchard Hotel Singapore), and one more by sister company Hong Leong Finance.

Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, “In addition to the strong turnout and support of our staff, I am

Assisi Hospice is the only hospice in Singapore providing the whole continuum of inpatient, day care and home care services. As a charity organisation, the hospice relies heavily on public donations to meet operating expenses required to provide palliative care to patients, caring for them and their families.

Visit the Assisi Hospice website to find out how you can help.

ZERO WASTE COUTURE TAKES THE STAGE

Gracing the EcoBank 2019 event was Guest-of-Honour Dr Amy Khor, Senior Minister of State for the Ministry of the Environment and Water Resources (centre in purple dress), with CDL Group CEO Mr Sherman Kwek (centre in blue shirt), CDL Group General Manager Mr Chia Ngiang Hong (far left), Ms Geraldine Lee, Co-Founder and Centre Manager of Arc Children's Centre (in orange shirt) with the leading ladies of the Fashion 3R Eco Fashion Show, children from Arc Children's Centre and guests.

Five leading ladies from Singapore’s environmental scene took to the catwalk in bespoke outfits upcycled from donated clothing at this year’s EcoBank Bazaar organised by CDL and Eco-Business.

Part of this year’s EcoBank launch at CDL’s City Square Mall, the EcoBank Bazaar and the Fashion 3R Eco Fashion Show were organised to raise awareness of fashion’s damaging impact on the environment, and the need for more sustainable ways of consuming clothing.

Launched in 2016, EcoBank is an annual zero waste event in support of Singapore’s vision of becoming a zero-waste nation by 2030 under the Sustainable Singapore Blueprint 2015.

Joining the event were five guests from Singapore’s environmental scene: 938NOW deejay Charlotte Mei, Actress Judee Tan, Managing Director of 100 Resilient Cities Lauren Sorkin, Founder of Green Drinks Olivia Choong, and Artist and Fashion Revolution’s Laura Francois.

The five guests, along with Guest-of-Honour Senior Minister of State for the Environment and Water Resources Dr Amy Khor, donned hand-crafted garments made from second-hand clothing donated to EcoBank.

Designed by sustainability non-profit The Fashion Pulpit, the five outfits were sold, and all proceeds from the Bazaar were donated to

Arc Children’s Centre, EcoBank’s chosen charity, to support children with cancer or other life-threatening illnesses and their families.

Ms Esther An, Chief Sustainability Officer of CDL, said, “At CDL, we have a long-standing sustainability commitment to our business, the community and the environment. In the Year Towards Zero Waste for Singapore, our initiatives such as EcoBank and Fashion 3R bring the People, Public and Private sectors together to break the typical ‘consume and dispose’ cycle and provide an avenue for climate action.”

The bazaar concluded two months of efforts to raise awareness and highlight the issue of waste generation in Singapore. Between 8 January and 1 February 2019, Ecobank collection points were set up at seven CDL commercial buildings across Singapore to collect pre-loved clothing, toys, books and accessories that can be reused.

More than 800 volunteers spent 3,000 hours sorting and curating the collection of about 18.5 tonnes of goods. According to partner organisation Turnkey Solutions, this initiative has resulted in savings of 9,300 tonnes of carbon emissions as a result of diverting reusable products.

(From left) 938NOW deejay Charlotte Mei, Actress Judee Tan, Managing Director of 100 Resilient Cities Lauren Sorkin, Founder of Green Drinks Olivia Choong, and Artist and Fashion Revolution’s Laura Francois walked the sustainability talk at the Fashion 3R Eco Fashion Show.

(From left) Ms Esther An, CDL Chief Sustainability Officer and Dr Amy Khor visiting the stalls at the EcoBank Bazaar.

Dr Amy Khor addressing the audience at the EcoBank Bazaar at City Square Mall.

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DPAMWWW.WTPLUS.COM.SG/BRANDS/DPAM

DPAM (short for Du Pareil Au Même), the leading French kids wear brand that’s known for its high-quality and eclectic fun-printed clothes, has arrived at City Square Mall. Founded in 1986, the brand caters to babies and children from birth to age 14.

To celebrate its launch, DPAM Singapore has launched several destination-inspired collections, each designed to maximise chic as well as freedom of movement.

NEW AT CITY SQUARE MALLLeading French kids wear brand DPAM has landed in Singapore with its new outlet at City Square Mall. Also: Popular Japanese BBQ restaurant Gyu-Kaku welcomes all meat lovers at its new City Square Mall branch.

City Square Mall is easily accessible via Farrer Park MRT station. Visit @citysquaremall on Facebook and Instagram for the latest promotions and events.

Set against breathtaking views of the enchanting marina-front, Quayside Isle @ Sentosa Cove offers a myriad of international dining concepts. Each dining experience feels like a culinary vacation.

Visit @quaysideisle_sg for more wine and dine options.

#ForTheGram: Snap picture-perfect moments with family and friends while enjoying the light display ‘Illuminate by the Marina’ at Quayside Isle from 7pm to 9pm nightly.

The Roux a Bamako collection is inspired by tropical jungles and savannah animals of Africa.

#05-05

Gyu-Kaku WWW.GYU-KAKU.COM.SG

Gyu-Kaku serves the authentic ‘Yakiniku’ (Japanese BBQ) experience. Enjoy premium ‘Kagoshima Wagyu’ and many other top-quality food items at reasonable prices. All-time-favourite items include mouth-watering appetisers, fresh salads, tantalising seafood items, desserts, beverages, and more.

#01-04/05

Greenwood Fish MarketWWW.GREENWOODFISHMARKET.COM

Cold Seafood Platter

$99++

(serves 2 pax as main course; 3 to 4 pax as appetiser)

For over 13 years, Greenwood Fish Market has brought the freshest catch from all over the world to seafood lovers. Their signature Cold Seafood Platter features a steamed 1⁄2 boston lobster, marinated yellow fin tuna with furikage, freshly shucked oysters, New Zealand green-lipped mussels and littleneck clams, cooked live tiger prawns and slices of in-house applewood cold smoked salmon.

#01-10

Mykonos on The BayWWW.MYKONOSONTHEBAY.COM

Mousaka

$27++

A genuine Greek tavern, Mykonos on the Bay offers the very best of Greek culinary tradition and hospitality. Exemplary of authentic Greek cuisine using the purest ingredients, the signature dish, Mousaka, is a Greek Eggplant and Beef ‘Casserole’ with creamy béchamel sauce.

ENCHANTING WATERFRONT DINING

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#02-08/09

Shatoburian YakinikuWWW.SHATOBURIAN.COM.SG

A contemporary BBQ dining concept by Black Cow Singapore, the restaurant specialises in Japanese Wagyu beef.

Their summer menu, launched from July onwards, will feature seasonal Wagyu beef such as Yonezawa beef from Yamagata prefecture and Matsusaka beef from Mie Prefecture.

Pictured is the Premium Yakiniku Don at $118++ and as part of the Summer seasonal promotion, diners will be served the Australian Black Manjimup truffles (whilst season lasts).

#01-12

#03-01

Gin Khao BistroBio Aesthetic Laser ClinicWWW.GINKHAO.COM.SG

BACLINIC.SGWatermelon Fried Rice

1 pax – $14.80++ (served on plate)

2 pax – $25.80++ (served in watermelon husk)

Gin Khao’s iconic Watermelon Fried Rice draws inspiration from Thailand and takes a new local twist, tailored to suit local palates with generous ‘wok hei’ and a specially concocted secret sauce. Gin Khao is the first and only restaurant to serve this delectable dish.

Helmed by Dr Ariffin Ziaudeen (Fin) who believes in non-permanent solutions to aesthetic medicine and is fully accredited in procedures such as Botox, filler, chemical peel, wavelength light and laser therapy, the clinic was established to provide clinical aesthetic treatments for clients’ well-being.

A multi-award winner, the clinic offers a range of treatments including cosmetic injectables, skin / laser treatments and body contouring.

#01-14

SolePomodoro Trattoria PizzeriaWWW.SOLEPOMODORO.COM

Wood-fired Pizza Ortolana

$22++

With a focus on traditional Italian fare, SolePomodoro Trattoria Pizzeria keeps it authentic with their signature Mixed Grilled Vegetables Pizza with mozzarella and tomato sauce.

#01-11

Two Chefs BarWWW.TWOCHEFSBAR.COM.SG

Chicken Fajitas

$26++

Two Chefs Bar’s famous Northern Mexican Fajitas come with mixed bell peppers, onions and a special house marinate, served with guacamole, red salsa, shredded cheese, sour cream and warm flour tortillas – a perfect mix to warm hearts and appetites.

THE FINER THINGS IN LIFEHousing exclusive boutiques and deluxe lifestyle offerings in Orchard Road, Palais Renaissance is an irresistible destination for both locals and visitors who appreciate luxury living and design.

#01-01

Chateau d’AXWWW.CHATEAUDAX.COM

Offering understated luxury at its finest, the 70-year-old Italian furniture firm with stores in over 80 countries has launched its latest showroom.

Counting an impressive list of designers in its portfolio aligned with its values of quality craftsmanship and unbeatable comfort, this showroom is home to the brand’s best pieces, ranging from classic sofas to recliners.

Each piece is uniquely crafted, exuding an opulent vibe and come in a wide range of fabric or leather upholstery options.

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LUNCHTIMEADVENTURES

Chow down these hearty eats at South Beach Avenue (located on Beach Road and connected to Esplanade MRT station). With all these new and irresistible offerings, there’s no better time to take a lunch escapade.

Check out @southbeachavenuesg on Facebook and Instagram for more meals and deals.

#01-01

Armoury Craft Beer Bar & Steak House WWW.ARMOURY.SG

Armoury serves the freshest juiciest burgers with signature fresh ground beef and various toppings to stuff between buttery brioche buns.

Devour the signature 100% fresh ground wagyu rump and chuck for that juicy meat to fat ratio.

With many toppings to choose from including grilled mushroom, grilled/caramelised onions, pickles, jalapeno, green peppers, avocado, bacon, lettuce and grilled tomato, there’s one to suit every taste bud.

#01-03

Vatos Urban Tacos VATOSSG.COM

Weekday lunch goals! Enjoy Vatos Uban Tacos’ set lunch for only $19++.

It comes in a set of three tacos (Korean Pork Belly or Galbi short ribs or other choices), one side (seasoned fresh fries or Mexican rice and black beans or apple coleslaw) and a refreshing drink.

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Lady M WWW.LADYM.COM.SG

Lady M’s savouries menu has been revamped.

Be it a breezy brunch or a late-night dinner, you can now complete your meal with Lady M’s hearty soups and scrumptious, freshly-made sandwiches.

Pictured is the Ham and Aged Cheddar Cheese Sandwich ($10.90 each), featuring thin slices of ham layered with shaved aged cheddar cheese and garnished with pickled red onions. Served in crispy buttered grilled ciabatta bread.

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Alchemist Beer Lab WWW.TAB.SG

Office workers in the Beach Road area are in luck. Alchemist Beer Lab, known for its infusion beers, has just launched a lunch menu.

Highlights include hearty mains such as good ol’ Fish & Chips, the very delicious Impossible Patty Truffle Swiss Burger with melted cheese and garlic mushroom truffle.

Pictured is the Iberico Pork Muffin. Think six-hour wood-smoked Iberico pork neck, pomery mustard, red cabbage and lemon aioli on a grilled English muffin.

#B1-20

Black CowWWW.BLACKCOW.COM.SG

The signature Hida A5 Truffle Donburi uses Black Cow’s speciality, a Kanto-style Sukiyaki sweet sauce to lightly cook the Wagyu beef. The meat is paired with Hokkaido-sourced organic rice and topped with freshly-shaved seasonal black truffles. From now till August, Black Cow will include Australian Manjimup black truffles in this very special off-the-menu rice bowl.

Pictured is the Signature Truffle Don with additional glazed foie gras, oscietra caviar and Hokkaido sea urchin.

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