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CDL
CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng sells Sentosa Cove’s only mall for over $75M
City Developments Limited, controlled by Singapore’s second-richest man Kwek Leng Beng, has signed a deal to sell Quayside Isle, the only commercial site at the exclusive Sentosa Cove enclave, for S$97.3 million (US$75.4 million).
CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng acquires Holiday Inn London hotel for $370M
Joint venture involving CDL of Singapore’s second-richest billionaire Kwek Leng Beng sells most units on launch weekend
Singapore’s 5 richest billionaires see $18.2B gain in collective wealth
The combined wealth of Singapore’s five richest billionaires, with Facebook cofounder Eduardo Saverin at the top, rose US$18.2 billion within the past year, according to Forbes.
September 4, 2025 | 03:11 pm PT
CDL of Singapore’s second-richest billionaire Kwek Leng Beng puts Sentosa Cove’s only mall on the market for $86M
Property developer City Developments Limited, controlled by Singapore’s second-richest man Kwek Leng Beng, has put Quayside Isle, the only mall at the exclusive Sentosa Cove enclave, up for sale at S$111 million (US$86 million).
September 4, 2025 | 03:11 pm PT
Singapore billionaire Kwek family’s CDL posts net profit growth as board moves past father-son feud
Singapore-based City Developments reported higher net profit in the first half of 2025 amid efforts to show that its board had overcome an earlier feud between its billionaire chairman Kwek Leng Beng and his CEO son.
August 14, 2025 | 03:32 pm PT
Singapore billionaire Kwek family’s CDL sets new record price for executive condo site with $610 psf ppr bid
City Developments, led by Singapore’s billionaire Kwek family, has set a new record price for executive condominium land in the city-state with its recent bid of S$782 (US$610) per square foot per plot ratio for a Woodlands site.
August 7, 2025 | 03:27 pm PT
Singapore’s billionaire Kwek Leng Beng to expand CDL’s hotel count to 500 globally
Singaporean billionaire Kwek Leng Beng plans to expand his company City Developments Ltd’s hotel portfolio to 500 globally in the coming years as the recent boardroom feud cools.
August 3, 2025 | 08:27 pm PT
Longtime director at Singapore billionaire Kwek Leng Beng's CDL to resign after public boardroom feud
Philip Yeo is stepping down as director at Singapore-based property giant City Developments Limited following a public feud between the firm's billionaire chairman, Kwek Leng Beng, and his son, CEO Sherman Kwek.
July 15, 2025 | 09:59 pm PT
Hotel arm of Singapore billionaire Kwek family’s CDL announces cross-brand loyalty partnership with Germany’s Maritim Hotels
Millennium Hotels and Resorts, the hospitality unit under Singaporean billionaire Kwek Leng Beng’s City Development, has partnered with Germany’s Maritim Hotels to launch a cross-brand loyalty program.
July 3, 2025 | 03:09 pm PT
Billionaire Kwek family’s CDL selling $2.1B Singapore complex: How much do you know about the deal?
Property developer City Developments Limited, controlled by Singapore's billionaire Kwek family, has recently agreed to sell its majority stake in the US$2.1 billion South Beach complex in the city-state.
June 12, 2025 | 03:05 pm PT
Singapore billionaire Kwek family’s CDL shares rise after sale of $2.1B South Beach complex to Malaysian firm to cut debt
City Developments’ share price rose 8.5% to close last week at S$5.25 (US$4.08) on the developer’s announcement that it is selling a landmark office complex in Singapore to reduce debt and restore investor confidence after a family feud.
June 9, 2025 | 12:28 am PT
Who are the Malaysian billionaire brothers behind the firm buying CDL's stake in $2.1B Singapore complex?
IOI Properties, which is buying Singaporean developer CDL’s majority stake in the US$2.1 billion South Beach complex in Singapore, is part of a Malaysia-listed conglomerate led by billionaire brothers Lee Yeow Chor and Lee Yeow Seng.
June 8, 2025 | 02:49 pm PT
Singapore billionaire Kwek family’s CDL to sell $2.1B office complex to reduce debt, restore investor confidence after public father-son feud
City Developments will sell its majority stake in a landmark Singapore office complex as it aims to cut debt and regain investor confidence after a public feud between billionaire chairman Kwek Leng Beng and his CEO son.
June 4, 2025 | 12:27 am PT
Inside Singapore's 10th richest billionaire Kwek Leng Beng's feud with CEO son: Have you been following the family drama?
A feud erupted earlier this year between Singaporean billionaire Kwek Leng Beng, executive chairman of City Developments Limited, and his son, Sherman Kwek, the company's CEO, prompting the father to file a lawsuit against him.
April 27, 2025 | 03:21 pm PT
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