Oct
11
THE ONLY SINGAPORE
CORPORATION
Listed on both FTSE4Good and
Dow Jones Sustainability Indexes
CDL DELIVERS STRONG
RESULTS
for Half Year Ended 30 June 2011
CDL RECEIVES
Distinguished Patron of the Arts Award
UPCOMING CDL SCULPTURE
AT BISHAN PARK
“An Enclosure For A Swing”
by Kelvin Lim Fun Kit
a quarterly publication by City Developments Limited
01
City Pulse
Blossoming with
Redefining
Possibilities
The Art of
Fine Living
The units at Blossom Residences offer an irresistable
combination of style, comfort and luxury.
reputable schools such as Zhenghua Primary and Secondary School,
Fajar Secondary School and West View Primary School.
With its prestigious District 10 address, Cliveden at Grange
is within close proximity to vibrant Orchard Road.
All units provide generous interior space and ample windows,
thoughtfully designed to encourage natural cross-ventilation and
lighting while providing magnificent views of the surrounding
greenery. Most of the apartments are also designed with a NorthSouth orientation, mitigating external heat from the afternoon sun.
All units boast spacious bathrooms featuring polished tiles and
quality fittings, and kitchens are equipped with appliances from
selected brand names like Kohler and Electrolux to complement the
luxurious setting of the apartment.
of the finest designer fittings and fixtures and a private lift lobby. For the
ultimate in luxury living, 5-bedroom penthouses are available.
Each room has been perfectly envisioned with the finest designer
furnishings and fixtures to create the ideal home. In the living room,
entertain in style with beautiful polaris marble flooring from Greece at your
feet in the comfort of a discreet ducted air-conditioning system. For the
master bedroom and bathroom, Cliveden at Grange is fitted with Poliform
walk-in wardrobes and designer bathroom fittings from Hansgrohe Axor
Starck X-Collection, Villeroy & Bosh as well as Sovereign Florence longbath with built-in whirlpool.
Located at the doorstep of the vibrant Orchard
Road vicinity, Cliveden at Grange is a freehold iconic
residence destined for prominence as possibly the
finest and most exclusive residential project in the
prestigious District 10 residential enclave.
Wine and dine at The Club at Cliveden which comes complete with
a Bar, Billiard Corner, Cigar Terrace and Roof Garden. Take the party
outdoors using the Outdoor Gourmet equipped with designer kitchen
facilities and lounge about at the retreat alcove at the foot of every tower,
complete with cabanas and spa pool.
Cliveden at Grange is now available for immediate occupation. For the
pleasure of ownership, please call + 65 6877 1818.
Elegance graces every turn. The 110 wellappointed residences are presented within four
circular classically glass-clad 24-storey towers (three
single towers and one twin tower). With only one
apartment per floor and floor-to-ceiling windows,
residents will enjoy absolute privacy and virtually
360° panoramic views of the surroundings. Perfectly
manicured and generously spaced landscapes
articulate privilege and indulgence to be enjoyed
only by the upper echelons of society.
CDL’s latest Executive Condominium (EC) project,
Blossom Residences, has been warmly received by
homebuyers, with more than 400 units sold to date*. The
general attractiveness of ECs in Singapore has increased in
light of the Government regulation to increase the income
cap of eligible EC buyers from S$10,000 to S$12,000, and
the application of this ruling to include EC launches before
15 August 2011, thus giving this group of potential buyers
more options.
Just three minutes walk to Segar LRT station, which will be
connected to the upcoming Bukit Panjang MRT Station (Downtown
line) and Bukit Panjang Bus Interchange, Blossom Residences is also
well connected to major expressways. A wide range of shopping
and entertainment spots including Bukit Panjang Plaza, Bukit Timah
Plaza, Fajar Shopping Centre and the upcoming Junction 10 mall,
are also located in close proximity.
For the pleasure of ownership, please visit the Blossom
Residences show suite along Segar Road or call +65 6892 3303.
Priced at an average of about S$685 per square foot,
prices at the 602-unit EC start from S$548,000 for a 2
bedroom apartment. Blossom Residences’ modern and
contemporary design, quality finishes and comprehensive
facilities were cited by buyers as the development’s main
attractions.
Located along Segar Road, within the Bukit Panjang
locale, the 99-year leasehold EC is nestled amongst lush
greenery, with panoramic views of nearby nature parks
including Zhenghua Park, Bukit Panjang Park, Upper Seletar
Reservoir and Bukit Timah Nature Reserve. It is also close to
The lavish residences measure between 2,153
square feet and 2,842 square feet and boast only
Each unit is perfectly styled
with fine designer fittings.
For illustration only
For illustration only
*As of 19 October 2011
Residents can immerse
themselves in breathtaking
nature-inspired landscaping.
Artist’s Impression
03
City Pulse
CDL Delivers
Strong Results
Despite the volatility in the global markets, the office sector
in Singapore is expected to remain steady and healthy. With
the revised positive GDP forecast of 5% to 6% in 2011, there is
potential room for office rentals to grow gradually.
for Half Year Ended 30 June 2011
with Special Dividends Declared
LAND TENDER AT SERANGOON GARDEN WAY
SUMMARY OF FINANCIAL HIGHLIGHTS
Q2 2011
Q2 2010* % Change
(Restated)
1H 2011
1H 2010*
(Restated)
% Change
Revenue (S$m)
979
982
(0.3)
1,753
1,687
3.9
Profit Before Tax (S$m)
336
276
21.7
673
483
39.3
PATMI (S$m)
221
189
16.9
503
348
44.5
Basic Earnings Per Share (cents)
23.6
20.1
17.4
54.6
37.5
45.6
7.18
6.65
8.0
Net Asset Value Per Share (S$)
On 17 August 2011, CDL and Hong Realty (a subsidiary
of Hong Leong Group) successfully made the highest bid of
S$105,000,000 for a 99-year leasehold landed housing site
located at Serangoon Garden Way, under their wholly-owned
subsidiaries Sunmaster Holdings Pte. Ltd. and Garden Estates
(Pte) Limited respectively. CDL holds a majority stake in the joint
venture.
Situated in an established residential area, the 28,401.5
square-metre site is in close proximity to a host of amenities,
such as restaurants, well-known eating establishments and
supermarkets at the nearby Serangoon Gardens Village, as well
as elite local and international schools, such as Nanyang Junior
College and Stamford American International School. It is also
conveniently located near the Central Expressway.
CDL is not a stranger to the Serangoon Gardens area,
having launched the Goldenhill Park Condominium in 2001
and Goldenhill Villas, a freehold terrace housing development
in 2004 – both within close vicinity of the Lorong Chuan MRT
station. The latter was the last landed housing development
undertaken by CDL in recent years.
CDL China Acquires
Prime Land Site
in Suzhou, China
* The 2010 comparative figures have been restated to take into account the retrospective adjustments arising from the adoption of INT FRS 115 Agreements for Construction of Real Estate.
The site boasts unobstructed views of
the scenic Jinji Lake (金鸡湖) to its south.
CDL registered strong performance for its unaudited
financial results for the second quarter (Q2) and half year (1H)
ended 30 June 2011, with a profit after tax and non-controlling
interests of S$220.9 million for Q2 2011 (Restated Q2 2010:
S$188.9 million) and S$503.2 million for 1H 2011 (Restated 1H
2010: S$347.5 million).
Property development continues to be a major contributor
to the Group’s pre-tax profits. Hotel operations and rental
properties segments were the main contributors to increases in
the Group’s pre-tax profits for Q2 2011 and 1H 2011.
The basic earnings per share improved for Q2 2011 and
1H 2011 by 17.4% to 23.6 cents and 45.6% to 54.6 cents
respectively. The net gearing ratio remains healthy at 22.0%,
without factoring any fair value gains on investment properties.
The interest cover was at 25.0 times for 1H 2011.
The Group has a strong balance sheet with a healthy cash
flow derived from organic cash flow contributed by various core
earnings segments.
With a healthy cash flow position that will be further
enhanced by progress payments of pre-sold developments yet
to be billed and available undrawn credit lines, the Group will
be able to withstand and weather potential global financial crisis
that could emerge from uncontained debt crisis in US and/or
Europe.
In view of the strong performance results, a tax exempt (onetier) special interim ordinary dividend of 5.0 cents per ordinary
share was declared.
OPERATIONAL REVIEWS AND FUTURE
PROSPECTS
of the site is under construction and will commence
operation next year, further enhancing the value of
the CDL China site.
Some slowdown in the private residential property market
is expected on the back of more cautious sentiments in light
of global uncertainties and cautionary remarks made by the
Government on the residential property market.
However, the Group has locked in healthy sales of
numerous projects under development. In 1H 2011, along
with joint-venture associates, the Group sold a total of 809
units with sales value of S$793.9 million. In 1H 2011, no profits
were realised from H20 Residences, Hedges Park or Buckley
Classique as the construction of these projects have yet to
begin.
Four property launches are in the pipeline, subject to
market conditions. The Group has a wide range of properties
- from Executive Condominiums, to mid-, to high-end
developments that cater to different market segments. The
Group can extract and launch the select type of developments,
at the appropriate time.
The rental properties segment was a major contributor to
profit for 1H 2011 due to the gains recognised on disposal of
The Corporate Office and The Corporate Building in Q1 and
Q2 2011 respectively. This is part of the Group’s strategy to
recycle its assets and rejuvenate its assets portfolio. For 1H
2011, the Group’s office portfolio continued to perform well
with an occupancy rate of 93.2%, as compared to the national
average of 87.5%.
The acquisition was made through Global City International Ltd., a
wholly-owned subsidiary of CDL China, and represents one of the largest
deals in terms of GFA in the history of CDL. The prized land parcel was
acquired through a government land tender held on 27 July 2011 for RMB
886 million (approximately S$167 million based on an exchange rate of
1RMB to S$0.1881), which represents a price per square metre (psm) per
plot ratio of RMB 3,000 psm.
“Over the years, Suzhou has become one
of the strongest economic powerhouses in
China, supported by its strong base of highvalue industries. As the Chinese economy
continues to expand to the next level,
Suzhou’s economy and real estate market
will no doubt continue to benefit from this
growth. Its close proximity to a key financial
centre like Shanghai further underlines the
bright prospects surrounding Suzhou. It is
our privilege to be able to develop a prime
piece of land in this beautiful city. We have
the opportunity to create a world-class
project in a city-centre location, which is the
cornerstone of CDL China’s strategy.”
CDL China’s latest 4.5-hectare site is located in the heart of the
Suzhou Industrial Park (SIP) and in the vicinity of other sizable commercial
projects by international developers like Wharf (Holdings) Limited and
Sun Hung Kai Properties. A major subway line several blocks to the north
Mr Sherman Kwek
Chief Executive Officer
CDL China Limited
CDL China Limited, a wholly-owned subsidiary and the China division
of CDL, successfully acquired a prime site with permissible gross floor area
(GFA) of 295,455 square metres (approximately 3.2 million square feet) on
which it will build high-end residential apartments comprising some 750
units, an office tower, a retail mall and a luxury hotel.
05
City Pulse
Visionary
Leadership
in Sustainability Recognised by
the Building Industry in Singapore
“We are pleased to be conferring
on Mr Kwek Leng Joo, Managing
Director of City Developments
Limited, the title of Honorary
Fellowship. Mr Kwek is an ardent
proponent of sustainability and
is recognised for his visionary
and pioneering leadership in
advocating and implementing
sustainable practices. CDL is well
known for its innumerable and
praiseworthy achievements in the
Green Mark scheme and other
green initiatives including being
the first developer to be awarded
the Green Mark Platinum
Champion. Their unwavering
commitment and relentless
drive to uphold the tenets of
sustainability is clearly laudable.”
Mr Seah Choo Meng
President,
Society of Project Managers
Mr Kwek Leng Joo (right) receiving the
conferment of Honorary Fellowship from
Mr Seah Choo Meng (left), President of
the Society of Project Managers.
Mr Kwek Leng Joo, Managing Director of CDL, added another
feather to his cap when the Society of Project Managers awarded him
with an honorary fellowship on 6 October 2011. The occasion was
marked with an annual dinner in the presence of some 650 project
managers and other members of the construction industry.
The event was even more special because Mr Kwek is the first
non-engineer to receive this prestigious recognition from the society
for his vision and contributions to environmental sustainability for over
a decade.
Long before it was trendy to say your company supports green
causes, Mr Kwek steered CDL into a corporation way ahead of its time.
Under his leadership, CDL took the lead in environmentalconscious practices among property developers in Singapore.
Locally, CDL was conferred the coveted President’s Award for the
Environment in 2007. Since the BCA Green Mark certification scheme
for buildings was initiated in 2005, CDL has received over 50 Green
Mark Awards, with 16 of them being the Green Mark Platinum tier –
the highest rating for green developments in Singapore.
This makes CDL the recipient of the highest number of
Green Mark Awards amongst private developers to-date.
The Society of Project Managers award is positive
proof of Mr Kwek’s unwavering vision and dedication
in championing the sustainability cause. By instilling his
values on green causes into the corporate culture of
the group, Mr Kwek has steered CDL into an inimitable
organisation that balances financial success with a strong
environmental conscience.
But beyond the fanfare, the message of the night
reminds the movers and shakers of the construction
industry of the important work that lies ahead of them.
Mr Kwek used the opportunity to encourage the industry
to embrace greater environmental responsibility as the
way forward.
It was a message that struck a firm chord with the
guests of the evening.
Measuring Up
International
to
Best Practices
CDL is honoured to be selected as an index component on the Dow Jones
Sustainability Indexes (DJSI World and DJSI Asia Pacific). The results of the DJSI
Review were unveiled on 8 September 2011. This makes the Company the only
Singapore corporation to be listed on both Dow Jones Sustainability Indexes and
FTSE4Good Index Series.
Launched in 1999, Dow Jones Sustainability Indexes (DJSI) is the first global
sustainability benchmark that assesses leading-edge companies on their longterm economic, social and environmental asset management plans. It is also one
of the most creditable reference points in sustainability investing for investors
and companies globally. It is managed cooperatively by Dow Jones Indexes and
Sustainable Asset Management (SAM). Industry leaders from SAM Research’s
stringent Corporate Sustainability Assessment are chosen to be listed on the DJSI.
The DJSI comprise global and regional benchmarks including European, Eurozone,
Nordic, North American, US, Asia Pacific, and Korean indexes.
“We are very pleased to be listed
on DJSI. For over a decade now,
CDL has strategically embraced
environmental responsibility into our
business for continued growth and
business excellence, conserving as
we construct. Sustainability requires
long-term commitment in which CSR
considerations are integrated with
the competitiveness of a company’s
core business. We believe that going
forward; this is the responsible way
to achieve business success and
sustainability. Being benchmarked
against global sustainability leaders
and their best practices helps affirm
that we are moving in the right
sustainability path and encourages us
to make further improvements.”
Mr Kwek Leng Joo
Managing Director, CDL
Under the “Real Estate” sector of DJSI, the Company scored well in its
economic, environmental and social performance. When benchmarked against the
Asia Pacific standards, CDL was particularly
strong in the areas of environmental
reporting, environmental policy/management,
biodiversity, operational eco-efficiency and
stakeholder engagement.
CDL has also been the only Singapore
developer to remain listed on the FTSE4Good
Index Series since 2002 and the only Singapore
company to be ranked amongst the Global 100
Most Sustainable Corporations in the World
in 2011 announced at the World Economic
Forum. The FTSE4Good Index Series is a
series of benchmark and tradable indices that
measures the performance of companies’
corporate responsibility and facilitate
investment in those selected companies.
CDL – the only Singapore corporation listed on both
Dow Jones Sustainability Indexes and FTSE4Good Index
Series as well as ranked amongst the Global 100 most
Sustainable Corporations in the World in 2011.
07
City Pulse
Green Building Experts Shop for Ideas at
Singapore’s First
Eco-Mall
during the International Green Building Conference,
part of the Singapore Green Building Week 2011
A busload of visitors have been visiting Singapore’s City
Square Mall at Kitchener Road this week – not to shop for gifts
to take home, but to find new ideas for green buildings.
The 30 visitors did not have to look hard for signs of the
mall’s eco-friendly theme. Evidence is everywhere, from the
tropical rainforest-inspired sculpture in front of the building
to the murals depicting different eco-systems on each of the
building’s 11 storeys.
A spokesperson for City Square Mall told Eco-Business
the prominent eco-living messages throughout the facility
help reinforce the positioning of the mall as Singapore’s first
eco-mall. He said that some people visit the mall just to bring
things they want to recycle.
Launched in March 2010 by property developer CDL,
the mall was the first in Singapore to integrate an urban park
on its site to be used as an ecologically-themed venue for
community activities and to provide open space for recreation.
Called “City Green”, the park has a playground made from
Some of the developer’s added cost items included doubleglazed windows that allow maximum natural light while blocking
much of the sun’s heat, rainwater harvesting systems, motion
detectors to keep led lights and escalators on minimal power
when not in use and a state-of-the-art air-conditioning system.
They also see one of Singapore’s first eco-food courts. While
all managers of the food venues at City Square Mall are actively
encouraged to take up green practices, the food stalls at the
Kopitiam basement food court have gone the extra mile by
achieving certification through a BCA Green Mark programme for
sustainable food courts. The certification recognises sustainability
measures such as installing energy and water efficient fixtures,
using eco-friendly packaging, separating food waste and used
cooking oil for recycling, and supporting customer recycling
habits.
CDL planned these and other green building features from
the beginning of the design stage, a strategy that has won
multiple awards for the mall, including the 2008 Cityscape Asia
Real Estate Award for best developer in the retail sector, and
BCA’s first platinum award for a mall.
Several measures are in place throughout the mall to
encourage sustainable living.
Visitors who come to join community events or to
shop at the mall’s 200 shops, need not worry about finding
environmentally-friendly transport. The mall is linked to public
transport systems, and for visitors driving green cars, the car
park has electric vehicle charging stations and designated
parking spots for hybrid cars.
Instead of window shopping for the latest fashions, the
visitors perused a broad range of eco-friendly features, from
passive design features that naturally maximise lighting, air
flow and shading, to high-tech solutions that increase energy
efficiency and save water.
This week’s green building conference in Singapore,
a three-day summit that includes the BEX Asia building
exhibition at Suntec Convention Centre, has attracted roughly
8,000 experts from around the world, some of whom took the
opportunity to view a few of the country’s most notable green
buildings on tours arranged by Building and Construction
Authority (BCA) – the agency that runs Singapore’s green
building certification scheme.
Once visitors arrive, they see prominently displayed recycling
bins, and a built-in waste system that separates organic and
inorganic waste.
But it is not only the physical features that earned the
awards or the attention from green building experts; City
Square Mall was built to unite a mini-community of vendors,
families and other visitors around a common theme of ecofriendly living.
City Square Mall’s eco-park roof features
plants, solar panels and rainwater harvesting.
Singapore’s first eco-mall was one of several destinations
that the Republic’s Building and Construction Authority
(BCA) had earmarked for delegates who are in town for the
International Green Building Conference (IGBC).
At that rate, CDL will recoup the money it spent on added
green features – about five per cent of overall costs – in about
four years.
environmentally-friendly construction materials, a butterfly
garden, a wide variety of plants and ecologically themed artwork
and signs.
City Square Mall said one of the most popular features for
shoppers is the Eco-Playground located in the park. According
to a Facebook poll they conducted recently, the Eco-Playground
topped the list amongst the mall’s other green features.
BCA
Kopitiam’s stall owners are not the only tenants encouraged
to go green. City Square Mall said all tenants in the mall receive
guidance on using eco-friendly materials and habits. In addition,
their electricity and water usage is separately tracked and paid
for.
Whether success is measured by energy savings, or retail
sales, City Square Mall has clearly done something right: already
the mall sees more than a million visitors per year and has a 98
per cent occupancy rate. That’s evidence that the eco-mall has
something for everyone whether they’re looking for a new way to
monitor carbon emissions, or a new way to wear their handbag.
This article is written by Jenny Marusiak, Deputy Editor, EcoBusiness and was originally published on Eco-Business.com on 17
September 2011, after the IGBC (14 to 16 September 2011).
Breakfast Talk
Dr John Keung, CEO of BCA (fourth from left)
and CDL’s Mr Chia Ngiang Hong (fifth from
left), at the 4th BCA Breakfast Talk for CEOs.
A green roof that integrates solar panels, rainwater
collection, and plants is the hallmark feature of the park. Under
the roof is an open air basement area with a water fountain
and, occasionally, a stage for community events. In an otherwise
sweltering space, CDL installed a solar-powered natural cooling
system using the combined effects of the fountain, a vertical
green wall and a large fan.
The City Square Mall tour guide – the mall has given tours to
over 15,000 school children and 500 green building professionals
as part of its outreach – said that events at the fountain area
draw crowds of several hundred people.
Keeping those people cool and comfortable hasn’t left
City Square Mall with a large electricity bill. In the first year of
operation, green building features saved City Square Mall over
11 million kilowatt hours (kWh) of electricity and more than
20,000 cubic metres of water – enough to fill 10 Olympic-sized
swimming pools.
for CEOs
As part of the Singapore Green Building Week, the 4th BCA Breakfast Talk for
CEOs was held on 16 September 2011 with the aim to galvanise CEOs, CFOs and
decision-makers of government agencies and international organisations to take
immediate actions to protect the environment.
As a mark of their commitment
towards sustainability, the session also
saw eight leading developers and
building owners signing the Green
Pledge to attain higher energy efficiency
of its existing buildings through the BCA
Green Mark Certification by 2020. Group
General Manager, Mr Chia Ngiang Hong,
represented CDL in this joint commitment
with Allgreen Properties Ltd, Ascendas
Land (Singapore) Pte Ltd, CapitaLand
Limited, Frasers Centrepoint Limited,
Furama Hotels International, Keppel Land
Limited and Lend Lease.
09
City Pulse
CDL Applauds
BG (NS) Tan Chuan-Jin (second from left), Dr John Keung,
(first from right) and Mr Kwek Leng Joo (third from left) on
a tour of H2O Residences showflat.
Exemplary
Builders
for W Singapore Sentosa Cove and Tiong Seng Contractors (Pte) Ltd for
Shelford Suites.
for Raising
Productivity through Excellent EHS Practices
From left to right:
Mr Ahn Kook Jin,
Managing Director of
SsangYong Engineering
and Construction Co. Ltd,
Mr Ludwig Reichhold,
Managing Director of
Dragages Singapore Pte
Ltd, Mr Kwek Leng Joo,
Managing Director of
CDL, BG (NS) Tan ChuanJin, Minister of State for
Manpower and National
Development and Mr
Pek Lian Guan, Managing
Director of Tiong Seng
Contractors (Pte) Ltd.
CDL held its 7th CDL 5-Star Environmental, Health
and Safety (EHS) Excellence Awards ceremony on 18
August 2011 at the H2O Residences show flat. The event
was graced by Guest-of-honour, BG (NS) Tan Chuan-Jin,
Minister of State for Manpower and National Development.
The annual Award recognises CDL’s builders for their
excellent performance in EHS. For the first time, a new
category, the CDL Productivity Excellence Award, was
introduced, signaling CDL’s focus towards promoting higher
productivity at its worksites – a new sustainability milestone
for the Company. This inaugural award went to Dragages
Singapore Pte Ltd for The Arte and Tiong Seng Contractors
(Pte) Ltd for Parc Emily, recognising their concerted
efforts to drive productivity onsite, through the adoption
of technology, innovative methods of construction and
efficient designs.
The prestigious CDL 5-Star EHS Excellence Award
went to SsangYong Engineering & Construction Co. Ltd
“I am heartened to see CDL championing
the push for productivity improvements
through advocating the use of drywalls,
precast and prefabrication construction as
well as strut-free basement construction in
its projects. In fact, at this very project site,
CDL has adopted the construction methods
which I have just mentioned. This epitomises
CDL’s commitment to lead a paradigm shift
in the industry to support the Government’s
productivity drive.”
BG (NS) Tan Chuan-Jin
Minister of State for Manpower and
National Development
The Award was first introduced in 2005 and is an integral part of
the CDL 5-Star EHS Assessment System initiated in 2001 to provide
CDL with an independent audit tool for assessment of its builders’ EHS
management and performance. Each quarter, audits are conducted by
an independent EHS audit firm recognised by the Ministry of Manpower
(MOM), after which the results are presented to the top management
of the builders during the quarterly CDL 5-Star EHS Seminars. These
seminars are a valuable platform to promote sharing of best practices to
encourage better EHS performance amongst the builders.
CDL’S INITIATIVES FOR WSH EXCELLENCE
A. CDL 5-STAR EHS EXCELLENCE AWARD FOR BUILDERS
• The CDL 5-Star EHS Excellence Award was introduced in 2005 to recognise builders who have excelled in the CDL
5-Star EHS Assessment over a one year period. The Award is currently into its 7th year (2011).
• The Award is based on a per builder on a per project development basis for the year of assessment. The criteria for
the Award is as follows:
i.
CDL 5-Star EHS audit conducted at least 3 times in the year of assessment
ii. Overall average of 5 star rating achieved (>=86.0)
iii. Zero fatalities
iv. Zero dangerous occurrences
v. Accident Frequency Rate (AFR) < 1 accident per million man-hours worked
vi. Zero stop work order
vii. Zero permanent disablement
viii. Zero environment-related fines from the authorities
ix. Zero written complaints to the media
x. Injury rate < 25% of the construction industry rate for the year
xi. WSH bizSAFE Partner certification
(Should there be any fatalities before announcement of results, builders will be disqualified.)
B. INAUGURAL CDL PRODUCTIVITY EXCELLENCE AWARD FOR BUILDERS
•In line with the national productivity drive, CDL introduced this new award to recognise the efforts of our builders
who have made a concerted effort to drive productivity on site through the adoption of technology, innovative
methods of construction, efficient designs, etc.
•Projects must be completed at the time of assessment to be eligible for this annual Award.
•The Award is assessed mainly on CDL’s sustainable development objectives which are in line with the Government’s
policy on improving productivity. The criteria for the Award are as follows:
- BCA Construction Productivity Award winner [Platinum]
- CONQUAS score to be amongst top 20 in the industry in BCA’s published rankings
- CDL 5-Star EHS Assessment (to achieve overall 5-star rating)
11
City Lifestyle
A Top
in Asia
M&C
City Hotel
Expands
its Footprint
Unique personal preferences are
understood and addressed flawlessly with
The St. Regis Butler Service, a treasured
hallmark of the St. Regis experience.
Travel + Leisure World’s Best Awards 2011 Readers’ Survey has ranked The
St. Regis Singapore as 91st among Top 100 Hotels Worldwide and 8th in the
category of Top City Hotels in Asia. It also ranked the hotel’s Remède Spa 10th
for Top 10 Hotel Spas Worldwide and 3rd for Top 10 Hotel Spas in Asia.
These accolades were made even sweeter by the fact that The St. Regis
Singapore was the only Singapore hotel to make the list, while Remède Spa was
the only Singapore spa featured in the rankings.
“Seasoned travelers like Travel + Leisure readers have asserted The St.
Regis Singapore as one of the best hotels in the world, especially in Asian cities
where we ranked eighth. We are honoured by the recognition, and mandate of
travelers who voted for us. The St. Regis Singapore remains committed to our
promise of delivering exceptional service and refined living for our guests,” said
Mr Ananda Arawwawela, Managing Director of The St. Regis Singapore.
M&C will be leaving its
footprint in the bustling
district of Ginza, Tokyo
with its plans to build a
325-room hotel.
Within the Asia Pacific, The St. Regis
Singapore also picked up Starwood divisional
awards for “Best Public Relations”, “Best Brand
Ambassador St. Regis” and “Best Care for
Community”.
As a celebratory deal, The St. Regis
Singapore is offering a 20% reduction on
the best available weekend rate beginning
at S$304++ for an Executive Deluxe Room,
inclusive of an epicurean breakfast at Brasserie
Les Saveurs.
For room reservations, please email
[email protected].
Superbly located in the heart of prestigious
downtown, The St. Regis Singapore is where
unsurpassed luxury resides.
Millennium & Copthorne Hotels plc (M&C), CDL’s hotel arm,
may be listed in London but it plans to expand its footprint in
China, India and the Middle East. As part of its expansion plans,
M&C has recently acquired a land site located in the exclusive
Ginza district of Tokyo. This will be M&C’s first hotel in Japan.
Senior Vice-President for Millenium & Copthorne International
Hotels Limited (MCIL), the Singapore regional arm of the
M&C Group, who recently sat down with Singapore’s main
newspaper, The Straits Times, to talk about M&C’s expansion
plans.
M&C plans to build a 325-room deluxe hotel with separate
dining and carpark facilities. Construction is scheduled for
completion in the last quarter of 2014.
In the Middle East, at least another 20 management
contracts are in the pipeline. Mr Lim said while the disasters
in Japan and New Zealand caused minor business disruptions,
contributions from Singapore and Asia have been healthy
enough to counteract those effects.
The development will be project-managed by one of
Japan’s biggest integrated real estate developers, Mitsui
Fudosan Co. Ltd, under a co-branding arrangement between
the “Millennium” and “Mitsui Garden Hotel” brands. Mitsui
Fudosan has been a business associate of Hong Leong Group
since the mid-1960s.
“Asia is growing and the ground is very fertile. It definitely
is a region that is rich in opportunity,” said Mr Lim Boon Kwee,
However, Mr Lim revealed that M&C is not limiting its
growth plans to the Asian region.
“We’re still looking at opportunistic acquisitions in gateway
cities in Western countries... at expanding further into the
European market and to add to our portfolio in the US and the
United Kingdom.”
13
City Lifestyle
Live to Eat
with
New Diabetic Menu
M&C Mends
Broken Hearts
Grand Millennium Al Wahda offers a separate menu with
tasty and nutritionally balanced options as approved and
recommended by dieticians in Mafraq Hospital, an awardwinning hospital for providing quality care for patients.
“Many people don’t realise how important a balanced
diet can be, and for those that do, dining out can seem
like a minefield. These new menu options offer guests an
easy choice with tasty, nutritionally balanced and dietician
approved meals bursting with flavour. We are proud to
take this positive step as a responsible and responsive
organisation,” said Mr Ali Lakhraim, President and Chief
Executive Officer of M&C Hotels and Resorts.
Dishes on the diabetes menu were first added to the
room service menu and the buffet. The second phase will
introduce diabetes-friendly options to the Group’s restaurants.
M&C has also created a new set of menu icons which
includes a blue circle. Based on the international symbol for
diabetes, it will be placed on each dietician-approved dishes
on the room service menu and buffet cards at all the hotels.
Diners visiting the buffet will also be alerted to the hospitalrecommended portion size.
This is good news to travellers heading out to the Middle
East as they can now opt for healthy, diabetes-friendly meals.
Millennium & Copthorne in the Middle East (M&C) in
collaboration with Mafraq Hospital in Abu Dhabi, has developed
a menu specially for diabetics. The Middle East is ranked one of
the highest in the world with diabetes as a prevalent disease.
Available in nine M&C hotels across the Middle East –
Copthorne Al Jahra Hotel (Kuwait), Millennium Hotel Doha,
Grand Millennium Al Wahda (Abu Dhabi), Millennium Hotel
Abu Dhabi, Kingsgate Hotel Abu Dhabi, Grand Millennium
Dubai, Millennium Airport Hotel Dubai, Copthorne Hotel Dubai
and Millennium Hotel Sharjah – the menu is both tasty and
nutritionally balanced. It helps to control blood glucose levels,
blood fats, and blood pressure.
Special diabetic dishes coded
with their distinctive blue circle.
The Millenium Gloucester
Hotel London is one of
the participating hotels
in BHF’s Mending Broken
Hearts Appeal.
Millennium & Copthorne Hotels plc (M&C) has partnered with
the British Heart Foundation (BHF) to raise £100,000 over the next
two years for BHF’s Mending Broken Hearts Appeal.
With the goal of raising £50 million to fund research and ‘mend
broken hearts’ in as little as 10 years, it is the national heart charity’s
most ambitious project to date. Heart and circulatory disease is the
UK’s biggest killer.
Launched on 1 August 2011, the partnership will involve all 19
M&C hotels across the UK to promote cardiovascular awareness.
Each hotel received a partnership pack containing Mending Broken
Hearts pin badges, poster, collection tins and a toolkit containing
fundraising ideas and tips for the hotels over the next two years.
“This is the first time M&C has elected a corporate charity…
that will one day have such a positive impact for our staff, customers
and local communities. The next two years are going to be a
very exciting time for us all and we are looking forward to the
opportunities this relationship will bring to all areas of the business”,
said Mr Ronnie White, Vice President of Human Resources, M&C
Europe.
This initiative aims to raise
£50 million in 10 years.
M&C is committed to making charity work an integral
part of the business. Fundraising activities are written
into staff’s Key Performance Indicators (KPIs), and Charity
Champions are recruited to inspire and drive charity work
across the Group.
15
Caring City
Nurturing a
New Generation of
Business Leaders –
Inaugural CDL-Singapore Compact
Young CSR Leaders Award
A total of 27 teams, made up of 143 students,
submitted their proposals, out of which, 10 teams
were short-listed. The 10 teams were then provided
with practical work attachment at the chosen SME
as well as mentorship by CSR consultants. The
final submissions were judged by a panel of public,
private as well as CSR industry experts on 16 August
2011. Team “Precise Consultancy” from the SMa
Institute of Higher Learning – Murdoch University,
emerged as the champion. “The Changemakers”
from the Singapore Management University came in
second and “Team NUS” from National University of
Singapore came in third.
The winners received their prizes from Guestof-Honour, Mr S Iswaran, Minister, Prime Minister’s
Office and Second Minister for Home Affairs and
Trade and Industry, together with Mr Kwek Leng Joo,
Managing Director of CDL and Professor Simon Tay,
Vice President of the Singapore Compact, during
the opening ceremony of the third International
Singapore Compact CSR Summit on 5 September
2011. Cash prizes of S$5,000, S$3,000, and S$2,000
respectively were accorded to the top three winning
teams.The third International Singapore Compact
CSR Summit was held on 5 and 6 September 2011 at
Grand Copthorne Waterfront Hotel.
Plenary sessions and workshops held during the
two-day conference explored various CSR strategies
and challenges by companies from diverse sectors.
The Summit also discussed new and developing
Guest-of-Honour Mr S Iswaran
(second from right), Professor
Simon Tay,
Vice President of the Singapore
Compact (first from right),
Mr Kwek Leng Joo (first from
left) with the winning team,
Precise Consultancy, from
the SMa Institute of Higher
Learning - Murdoch University.
In March 2011, the inaugural CDL-Singapore Compact
Young Corporate Social Responsibility (CSR) Leaders Award
was launched. The inspiration for this initiative lies in the
combination of CDL’s long-standing commitment towards
corporate social responsibility and the company’s deep belief
in the importance of youth development. CDL believes that
this award is unique and meaningful in its ability to encourage
today’s young leaders to have a commitment towards social
responsibility. One of the core objectives of the Award was to
imbue students with this simple conviction, and to provide them
with the opportunity to build upon it meaningful CSR proposals.
The inaugural annual competition was open to all tertiary
students between the ages of 17 and 30. Teams of four to six
participants from the same institutions banded together to take
part in the competition. They were connected to 10 Singaporebased Small, Medium-sized Enterprises (SMEs) representing a
diverse range of industries. The SMEs identified specific CSR
“Singapore Compact for CSR plays an important role in driving
the local CSR movement. You encourage companies to embrace
CSR, and help them through training sessions on the GRI
reporting framework... Your partnership with City Developments
Limited to launch the Young CSR Leaders Award is another
example of a platform that the Singapore Compact has built to
promote CSR amongst students and SMEs in Singapore.
aspects that they were concerned with such as labour
practices, stakeholder engagements, environmental
challenges, supply chain, community etc. Each
participating team worked on a CSR strategy
proposal for the SME it was matched with.
Today, as we celebrate the efforts of the winners of the Singapore
Compact CSR Awards, and the CDL-Singapore Compact
Young CSR Leaders Award, I would like to commend Singapore
Compact and all your partners on your good work in promoting
CSR in Singapore.”
Mr S Iswaran
Minister, Prime Minister’s Office and
Second Minister for Home Affairs and Trade & Industry
standards in CSR such as investors’ perspectives, anti-corruption, human
rights, workplace diversity, community investment as well as disclosure
frameworks and procedures.
Once again sponsored to be carbon neutral by CDL, the event
observed environmentally-friendly practices in an effort to reduce its
carbon footprint.
Founded based on the National Tripartite Initiatives on CSR,
the Singapore Compact functions as a multi-stakeholder platform in
recognising the role and contributions of all CSR stakeholders. The
key mission is to broaden the base for collaboration between various
stakeholders, in developing coordinated and effective strategies to
promote CSR in Singapore. CDL has been a founding committee
member of Singapore Compact for CSR since its inception in 2005.
CDL Ranks Top in Singapore and the Real Estate Sector – Asian Sustainability RatingTM 2011
The Asian Sustainability Rating™ (ASR™), lauded as
Asia’s most comprehensive and long running analysis of
listed companies’ public disclosure on environmental, social
and governance (ESG) issues, is in its third year running.
Essentially an ESG benchmarking tool developed in
collaboration between Responsible Research and CSR Asia,
it examines the public information of the leading listed
companies in Asian countries and provides investors and
stakeholders with an analysis of the strategic sustainability
of these companies.
In recent years, there is an increasing importance
on ESG disclosure as this information forms part of the
criteria for investors when making decisions on risks and
opportunities. CDL leads the trend in Singapore, emerging
as the highest ranked company in Singapore – with an
overall place of 17 amongst the 750 companies rated. It
was also ranked first amongst all companies in the real
estate sector. CDL scored well in the General, Environment
and Social sections.
Going beyond financial performance and compliance,
CDL’s rigorous sustainability reporting framework has
supported its strive towards continued improvements
in ESG performance. CDL’s sustained efforts towards
improving environmental performance has resulted in
11% reduction in its total carbon intensity emissions from
baseline year 2007. The Company has also pledged to
reduce its carbon intensity emissions by 22% by 2020 from
baseline year 2007, and 25% by 2030.
17
Caring City
Spreading
Cheer
Supporting Para-Athletes in
Mid-Autumn Festival
to the Less Fortunate
“The human spirit is
stronger than we think.
This has been repeatedly
proven in times of difficulty.
Dreams, the Living and
the Pursuit is yet another
testament of the tenacity
of the human spirit and the
inspiration of dreams.”
The Pursuit of
Their Dreams
The senior management of CDL,
Mr Chia Ngiang Hong, Group General
Manager (far left) and Mr Kwek Eik Sheng,
Assistant General Manager and Head of
Corporate Development (centre), visiting
bedridden residents of Assisi Hospice.
Mr Kwek Leng Joo
Managing Director
CDL
On 31 August 2011, volunteers from
City Sunshine Club (CSC), CDL’s employee
volunteer platform, gave residents of Assisi
Hospice a memorable Mid-Autumn Festival
party. They decorated the hospice with
paper lanterns and brought customary
items such as mooncakes and pomelos for a
rousing celebration.
Back row fourth from right: Guest-ofHonour, Mdm Halimah Yacob, Minister of
State, Ministry of Community Development,
Youth and Sports. Back row second from
left: Ms Esther An, General Manager of
Corporate Affairs and Head of CSR, CDL.
Photo courtesy of Mr Zack Wong from Tilt Pte Ltd.
that provides sports for persons across all
forms of disabilities.
Apart from a sumptuous dinner,
the participants enjoyed a graceful and
traditional fan dance, band performance,
Chinese ballads and a wushi demonstration, all
performed by senior management and staff of CDL.
Some members of the management went on to
distribute mooncakes to the bedridden residents who
were unable to join in the celebrations at the main
hall.
CSC volunteers also organised a mooncake and
food distribution session to the elderly at Indus Road
on 2 September 2011, followed by another rousing
mooncake party for the children of Arc Children’s
Centre, held at the Le Grove Serviced Apartments on
8 September 2011.
The festive cheer spread further to another group
of young beneficiaries from Children’s Aid Society on
10 September 2011 when the children were treated
to an exciting Mid-Autumn Festival celebration with a
twist at City Square Mall. Games, magic and juggler
shows were the highlights of the memorable evening.
A traditional fan dance
performed by staff of CDL.
On 1 October 2011, the Singapore Disability Sports Council (SDSC) launched
their book, “Dreams: The Living & The Pursuit” that features eleven local paraathletes. Six of them are “Living the Dream” after having been a part of the Beijing
2008 Paralympics. The other five are “The Pursuit” – those with the potential
to represent Singapore in the London 2012 Paralympics. Whether it is sailing or
swimming, these para-athletes show us the strength of the human spirit and what
can be achieved if one never gives up. Each of their compelling stories are told
beautifully in the book.
Besides being an inspiration, the book has two objectives: to raise funds and
to raise awareness of disability sports. SDSC is the only organisation in Singapore
All the photographs in the book
were taken by a team of six voluntary
photographers led by Mr Kwek Leng Joo.
Each of the photographers visited the
athletes at their home to learn about them,
as well as to photograph them in their most
comfortable setting. CDL also provided
the venue at City Square Mall for the book
launch and the photo exhibition (which ran
from 1 to 9 October 2011).
shareURmeal,
Singapore! –
Providing meals for the home-bound elderly
shareURmeal, Singapore! is a community campaign conceived in
2010 by a group of students from Singapore Management University
(SMU). It aims to raise awareness about the plight of the underprivileged
in Singapore by encouraging the public to send in photos of their meal
as a way of generating donations for local food programmes. The
beneficiary of this initiative is TOUCH Community Services’ Meals-onWheels Programme, which delivers food to home-bound elderly.
For the second year, CDL supported this
noteworthy exercise by donating S$3 for every photo
of meals that participants sent in to shareurmealsg@
gmail.com. All food photos were uploaded to
shareURmeal’s Facebook page. The 2011 campaign
took place from 22 to 28 August 2011 and it reached
the target of 1,600 photos in a mere three days.
19
Caring City
Forges Ahead
Environmental Causes
CDL
The decorated reusable plastic containers were
transformed into unique, meaningful flowerpots.
with
The aim of the eco-workshops was to encourage
shoppers to be a part of the mall’s on-going efforts
to protect the environment, while enabling them to
explore their creative side. These workshops were a
great way to enhance the eco-learning experience at
City Square Mall, while making festive celebrations
fun and meaningful. This partnership with NEA also
served as a reminder to shoppers on the importance
of their personal responsibility towards clearing
stagnant water in their flower pot plates at home to
prevent breeding of mosquitoes.
NEA – MEDIACORP semakau run 2011
Longest line of flower pots
Guest-of-honour Dr Amy Khor
(fourth from right),
Mr Tan Yong Soon (third from
right) and Ms Esther An
(second from right) at the
Climate Action Day 2011
Opening Ceremony.
As an organisation that cares, CDL has stepped forward
yet again to support environmental causes in the community.
NUS INAUGURAL CLIMATE ACTION DAY 2011
Sustaining its support for green efforts by tertiary
institutes, CDL contributed to the National University of
Singapore (NUS) inaugural Climate Action Day 2011 held on 6
September 2011. The Climate Action Day may only be a oneday event to fight climate change through waste reduction, but
it aims to sustain more lasting effects through the year with its
mantra of “Reduce, Reuse, Recycle and Replenish”.
The Guest-of-Honour was Dr Amy Khor, Minister of State,
Ministry of Health, Mayor, South West District and Deputy
Government Whip. Ms Esther An, General Manager (Corporate
Affairs) and Head of Corporate Social Responsibility (CSR) of CDL
attended the event among other special guests that included
Mr Tan Yong Soon, Permanent Secretary of the National Climate
Change Secretariat, Professor Leo Tan, Director (Special Projects)
of Faculty of Science, NUS and Mr Tan Wee Hock, Director (3P
Network Division) of National Environment Agency (NEA).
In celebration of the Mid-Autumn Festival, City Square Mall partnered
NEA to set a record in the Singapore Book of Records. The mall held
“Shiny Eco Workshops” from 27 August to 11 September 2011 during the
weekends. During these workshops, the public had a chance to display their
creativity by decorating the reusable plastic containers contributed by NEA.
The decorated containers were then transformed into unique, meaningful
flowerpots, combined into one long line and entered into the Singapore
Book of Records for “The Longest Line of Flower Pots”.
This record-breaking event was held on 10 September 2011, 8.30pm at
City Square Mall’s Basement 1 Fountain Square. Mr Edwin Tong, Member of
Parliament for Moulmein - Kallang GRC, was present to grace this recordbreaking event. To fully demonstrate the spirit of 3Rs (Reduce, Reuse
and Recycle), the flower pots were transformed into Mid-Autumn Festival
lanterns for shoppers to bring home after the record-breaking event.
On 6 September 2011, dustbins in the compound of the
institute were removed to reinforce the message of recycling
and reusing, and the immense benefits such little thoughtful
actions can bring.
Organised by SAVE (Students Against Violation of the
Earth), Climate Action Day is an extension of the NUS Green
Carnival, for which CDL was a founding partner and supporter
since 2007.
The inaugural NUS Climate Action Day serves to reinforce
the message of reducing, reusing, recycling and replenishing.
CDL participants at the
NEA-MediaCorp Semakau
Run with Guest-of-Honour
Dr Vivian Balakrishnan
(sixth from right), Minister
for the Environment and
Water Resources.
The high-profile run was held on 8 October 2011.
Corporations pledged their commitment to address
environmental concerns since its inception in 2007.
To date, over S$1.5 million has been raised
through the event. All proceeds of the run went
directly to charities and other lobby groups like the
Singapore Environment Council, Nature Society
(Singapore), HCA Hospice Care, APSN Katong
School and Children’s Cancer Foundation.
A total of 11 CDL staff took to the great
outdoors and participated in the 5-km run or 1.3 km
Fun. Two CDL staff, Ong Siew Toh and Chua Boon
Bee came in second and third place respectively
for the run. CDL has supported this annual fundraising event since the inaugural NEA Corporate
Environmental Outreach Run in 2007.
City Forum
City Gallery
Reducing Water Footprint:
The Story of the Better Cotton Initiative
By Stuart Orr
A Glimpse
of An Upcoming Sculptural Icon
Four years after WWF first demonstrated how to
cultivate cotton using less water and fewer harmful
chemicals, the first “Better Cotton” has been produced in
India and Pakistan.
More than 90% of the water taken from the Indus river
in Pakistan and the Godavari in India is used to irrigate
crops – particularly those considered “thirsty,” such as
cotton. Agriculture is the main source of income for rural
communities, but it’s also the main user of water. What’s
more, cultivation of cotton is responsible for half the
pesticide use in India. In Pakistan the figure is around 75%.
The result is contaminated water and reduced water
levels, which are harming people and wildlife living along
these rivers. For example, pollution and fragmentation of
the Indus River has caused numbers of the endangered
Indus river dolphin to plummet to just 1,600.
In 2006, in collaboration with IKEA, and with support
from the European Commission from 2007, WWF set out
to help create solutions to these problems. By working
with businesses, governments, farmers and others, we
helped develop practices that would enable cotton
farmers to use lower volumes of water, synthetic pesticides
and chemical fertilisers – while increasing their yield and
gross margins.
The practices are not high-tech. For instance, we
suggested irrigating alternate furrows, rather than
flooding entire crop fields. We encouraged farmers to
water only when their plants really needed it – and came
up with tips to identify when this was. And we promoted
the use of natural materials rather than chemicals to
fertilise their land. We also taught them to distinguish
between pests on their crops and insects that are
beneficial, and to use organic pest control.
It was tough to convince some farmers at first,
which is why we ran farmer field schools and established
demonstration plots, so the farmers could see the results
“An Enclosure For A Swing” is designed
as an observatory in which visitors can
share a rare intimacy with Nature.
you a restful moment to observe and contemplate
the wonders of Nature. The sculpture’s artist
Mr Kelvin Lim Fun Kit, has a keen interest in the notion
of ‘border’; constantly exploring what has to change
in order to cross it physically and in the mind. Privacy
is an instance of a specific border that is recurrent in
his works and he does so in this piece through the
space of a swing.
for themselves. “It’s really inspiring to see how enthusiastically
farmers have embraced these changes,” says Ms Becci May, South
Asia Freshwater Programme Manager with WWF-UK. “So many
farmers are adopting these techniques, it’s becoming more difficult
to find ‘control’ plots to measure performance against.”
Commissioned by CDL, this sculpture was the
winning work of the 4th CDL Singapore Sculpture
Award, selected out of a record number of 408
entries. Held for the 4th time in 2009, participants
were invited to create a sculptural icon based on the
theme Reconnection which explores the intricate
relationship between nature and man. They were
challenged to create an iconic landmark which reflects
the unique identity of the park and its relationship to
the surrounding features, with interactive elements
that will engage park users.
The results speak for themselves. For example, in 2009, around
25,000 cotton farmers in Pakistan were using these practices on
100,000 hectares. These farmers have reduced their use of water
by 39%, pesticides by 47% and chemical fertilizer by 40% on
average. And their income has increased by 11% – largely thanks to
a reduction in the amount they spend on synthetic pesticides and
fertilisers. In 2010, in India and Pakistan, WWF was working with
almost 50,000 farmers.
In 2010, the first cotton produced in Pakistan and India that
meets the criteria of the Better Cotton Initiative hit the market.
This means partners who’ve supported our work, including IKEA
and Marks & Spencer, can begin to meet their commitments to
source cotton that they know has a lower impact on the environment,
people and wildlife. Their demand will ensure a market for the
farmers who are making these positive changes.
Stuart Orr, Manager, Global Freshwater Programme, WWF International,
works with the private sector on a range of water related activities, from water
footprint measures to public policy engagement.
About WWF
WWF is one of the world’s largest and most respected
independent conservation organizations, with over 5 million
supporters and a global network active in over 100 countries.
WWF’s mission is to stop the degradation of the earth’s natural
environment and to build a future in which humans live in harmony
with nature, by conserving the world’s biological diversity, ensuring
that the use of renewable natural resources is sustainable, and
promoting the reduction of pollution and wasteful consumption.
Visit www.panda.org/news for latest news and media
resources.
Photos courtesy of Mauri Rautkari/WWF-Canon
21
Park lovers who frequent the Bishan green corridors may have
noticed a striking sculpture perched atop a hill by the river in the newly
redeveloped Bishan Park which is due to open in the coming months.
Titled “An Enclosure For A Swing”, the sculpture is set in a landscape
which celebrates movement with its meandering waterways and has
been designed as an observatory in which park visitors can share a rare
intimacy with Nature. The undulating steel ribbons imbue a sense of
movement by outlining the intangible space created by the motion of a
swing while a non-moveable swing seat inside the sculpture cavity allows
City News
Advisor: Mr Kwek Leng Joo
Editor-in-chief: Ms Esther An
Editor: Ms Belinda Lee
Produced by Corporate Communications Department,
City Developments Limited
Website: www.cdl.com.sg
Company Registration Number: 196300316Z
Initiated by CDL in 2002, the biennial CDL
Singapore Sculpture Award is Singapore’s first and
only nation-wide competition for the sculptural art
form aimed at cultivating a greater appreciation for
sculptures . For its sustained, outstanding contribution
to the arts scene in Singapore, CDL recently received
the Distinguished Patron of the Arts Award in
September 2011. CDL was conferred the Patron of the
Arts Award in 2007 and has been a recipient of the
Friend of the Arts Award since 1997.
Published by City Developments Limited. No reproduction, in part or in whole, of the
newsletter may be made without prior permission of the editor. The views expressed in
this newsletter do not necessarily reflect those of the organisation. Information is correct
at time of printing and is subject to changes. Visual representations such as pictures and
drawings are artists’ impressions only and are subject to changes.
MICA (P) 008/11/2011
Designer: acorn creative agency pte ltd
Printer: Dominie Press Pte Ltd
Cover visual courtesy of Mr Kelvin Lim Fun Kit
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