How We Create Value

OUR KEY DRIVERS THE VALUE WE CREATE
SUSTAINED GROWTH

Several of our Green Mark certified properties, awarded by the Building and Construction Authority (BCA), were the subject of three successful Profit Participation Securities (PPS) investment platforms, which have raised a total of $3.5 billion in funds under management since 2014.

On 6 April 2017, we launched our inaugural green bond – the first by a Singapore company, which raised S$100 million at 1.98% fixed rate due in 2 years.

RESOURCE EFFICIENCY

We achieved more than $16 million in savings as a result of the energy-efficient retrofitting and initiatives implemented for eight office buildings from 2012 to 2016, directly benefiting CDL’s financial bottom line.

VALUE
CREATION

As of end 2016, over 95% of our existing tenants have pledged their commitment to the CDL Green Lease Partnership Programme by signing a Green Lease Memorandum of Understanding.

Tenant satisfaction rate remained high at 94% for offices, 96% for retail and 100% for industrial buildings in 2016.

PRODUCTIVITY

Our investment in sustainable and productive building methods such as the advanced Prefabricated Prefinished Volumetric Construction (PPVC) technology adopted for The Brownstone Executive Condominium, is expected to raise productivity by over 40%.

INNOVATION

CDL has more than 20 years of track record in green building innovations, launching Asia Pacific’s first CarbonNeutral® development, 11 Tampines Concourse in 2009; Singapore’s first eco-mall, City Square Mall in 2009; and was the first developer in Asia to adopt PPVC in 2014.

In 2016, we invested $2.25 million in a partnership with the National University of Singapore for two new research laboratories to catalyse innovation in smart and green building technologies which can be test-bedded in our future developments.

RISK MANAGEMENT

Since 2001, we have been implementing the CDL 5-Star Environmental, Health and Safety (EHS) Assessment System on 100% of our builders to assess their EHS performance and safeguard against associated risks.

To future-proof our business, we are embarking on a scenario planning exercise in 2017, to identify and mitigate emerging trends including carbon tax and circular economy, which can impact CDL’s supply chain.