City Developments Limited (CDL), sometimes also known as CityDev,[4] is a Singaporean multinational real estate operating organisation.

Due to geo-political changes, CDL was making a loss before being controlled by Hong Leong Bank via shares acquisition in 1969.

City Developments Limited was founded on 7 September 1963 as a property company, initially starting with eight employees in Amber Mansions on Orchard Road.

[1] When the company first started, it built its first project in Johor Bahru, Malaysia; a 200-unit bungalow development called Fresh Breezes, which was completed in 1965.

[6] With Fresh Breezes, CDL introduced the concept of a "show house" as a sales technique, which was "believed to be unique in Asia".

[15] Its flagship building, Republic Plaza, was officially opened on 18 January 1998 by then Prime Minister of Singapore Goh Chok Tong.

[25] In June 2019, M&C's board agreed to recommend a takeover offer, valuing the business at £2.23 billion, from CDL for the shares it did not already own.

[34] However, new pending regulatory changes in China introduced in August 2020, to limit the amount of debt owed by real estate companies, lead to concerns on Sincere's liquidity position by CDL.

[40][41] CDL refuted the claim, stating that the key decisions are jointly agreed upon and it does not have majority control of the board.

[40] In 2024, the company is acquiring Yardhouse in central London for $148.6 million for a 250-year lease and is CDL's first project in the private rented sector in this location.

[52][49] In 2012, CDL sought to retrofit Republic Plaza, and upgraded its BCA Green Mark category from Gold to Platinum in the process.

[58] In 2015, CDL became the first Singaporean company to embrace the United Nation's Sustainable Development Goals (SDGs).

[59] In 2021, CDL aligned their internal environmental, social and corporate governance (ESG) with the United Nation's Sustainable Development Goals (SDGs).

[60] In addition, CDL was recognised for gender equality efforts along with DBS Bank in the Bloomberg's inaugural Gender-Equality Index (GEI) published in 2018.

[63] In the financial year of 2019[update], CDL reported having 248 subsidiaries, 53 associated companies, 12 trusts and 6 limited partnerships.

[3] Established in 1971, CBM Pte Ltd provided in-house engineering, cleaning and security services for CDL's properties.

[30] In 2018, CDL and CapitaLand teamed up as a consortium for the Sengkang Central tender, which they eventually won with a top bid of S$777.8 million.

[70] In 2019, CDL became involved in a consortium with CapitaLand and Ascott Residence Trust to redevelop the strata titles that Liang Court shopping mall and its adjacent buildings, a hotel and a serviced apartment,[71] are built on into an integrated development of a shopping mall, hotel, serviced apartments, and private residential towers.

Its integrated developments include King's Centre,[75] Sunshine Plaza,[76] Quayside Isle @ Sentosa Cove,[77] South Beach Tower,[78] and Sengkang Grand Mall.

[79][69] Current projects in progress include the redevelopment of Liang Court, which will be completed in stages from 2024,[72] and Piccadilly Grand.