Developer

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City Developments Limited

City Developments Limited (CDL) is a leading global real estate company with a network spanning 106 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

With a proven track record of over 55 years in real estate development, investment and management, the Group has developed over 46,000 homes and owns over 24 million square feet of gross floor area in residential, commercial and hospitality assets globally. Its diversified global land bank offers 3.4 million square feet of land area.

Hong Leong Holdings Limited

Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to
high-end residential projects in some of the country’s most coveted neighbourhoods.

Looking forward, HLHL continues to seek improvement and expansion in its business while maintaining its distinct level in design, sustainability and customer service.

The Hong Leong Group is one of Singapore’s largest local private sector conglomerates engaged in a wide range of businesses in the Asia-Pacific, Europe and North America. The Group’s five core businesses are property investment and development, hotel ownership and management, financial services, trade & industry and e-Business.

The Hong Leong Group has a proud record of continuity and stability since its founding in Singapore by Kwek Hong Png in 1941. Today the second generation of Kweks is at the helm, headed by Kwek Leng Beng. It’s a team of star strikers with its sights firmly set on defined goals. To achieve its new vision the Group is now armed with the tools of today’s Information Technology age and a forward-looking, international mindset, in tune with the new millennium.

Future owners of Penrose can expect nothing but exceptional quality.