City Developments

City Developments Limited (CDL) is a prominent global real estate company with a presence in 103 locations across 29 countries and regions. The company focuses on property development and ownership, operating hotels and serviced apartments, and managing a diversified portfolio that includes residential, commercial, and retail properties. CDL's principal activities encompass property development, hotel operations, and investment in properties, supported by various services such as property and project management. The majority of the company's revenue is derived from its property development segment, where it engages in the development and sale of residential and commercial properties. As one of the largest companies by market capitalization in Singapore, CDL emphasizes stability and geographic diversification in its business model.

Yim Ming Yiong

Group CFO and Member of the Executive Committee

3 past transactions

Nine Tree Hotel

Acquisition in 2023
Nine Tree Hotel is a hotel that provides hospitality services.

Pupil

Series A in 2020
Pupil, established in 2019, is a spatial data company that specializes in generating and publishing 3D information about real-world interiors. Their innovative technology enhances industry practices by digitizing interior spaces with exceptional accuracy and consistency. Pupil operates two primary brands: Spec and Stak. Spec focuses on improving transparency in the sales and lettings market by providing insured and precise digital assets. Stak, built on the success of Spec, offers a comprehensive solution for commercial real estate asset managers and service providers, enabling them to create accurate digital twins of properties. This capability helps unlock potential value throughout the commercial real estate value chain, thereby optimizing asset management and marketing efforts.

Gush

Seed Round in 2019
Gush specializes in the development of sustainable materials for the built environment, focusing on organic interior paints and advanced building materials. Their products are designed to enhance indoor air quality and overall well-being while minimizing environmental impact. Gush paints are free of volatile organic compounds and incorporate negative ions that offer health benefits, such as neutralizing free radicals and promoting blood circulation. Additionally, these paints purify the air by eliminating bacteria, regulating humidity, and preventing mold growth, thereby providing safer alternatives to conventional paint materials. Through these innovations, Gush aims to address health complications associated with indoor air pollution.
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