About City Developments
City Developments is a company based in Singapore (Singapore) founded in 1963.. The company has 8,350 employees as of December 31, 2024. City Developments has completed 6 acquisitions, including 125 Old Broad, Le Meridien Frankfurt and Millennium & Copthorne Hotels. City Developments operates in a competitive market with competitors including Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others.
- Headquarter Singapore, Singapore
- Employees 8350 as on 31 Dec, 2024
- Stage Public
-
Sectors
Real Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name City Developments Limited
-
Annual Revenue
$2.42 B (USD)-33.38as on Dec 31, 2024
-
Net Profit
$147.66 M (USD)-36.56as on Dec 31, 2024
-
EBITDA
$501.71 M (USD)-25.53as on Dec 31, 2024
-
Latest Funding Round
$250 M (USD), Debt – Conventional
Sep 04, 2019
-
Investors
DBS Bank
& 1 more
-
Employee Count
8350
as on Dec 31, 2024
-
Investments & Acquisitions
125 Old Broad
& 5 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of City Developments
City Developments is a publicly listed company on the SGX with ticker symbol C09 in Singapore, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Unlock access to complete
Leadership Team
23 people
Software Development Team
9 people
Data Analysis and Operations Team
4 people
Manager Team
4 people
Senior Team
3 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Creative and Marketing Team
1 people
Unlock access to complete
Funding Insights of City Developments
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $250.0M
-
First Round
First Round
(05 Apr 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - City Developments | Valuation |
investors |
|
| Apr, 2019 | Amount | Debt – Conventional - City Developments | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in City Developments
City Developments has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DBS Bank and HSBC Hong Kong. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Banking services, digital solutions, and wealth management for personal and corporate clients in India.
|
Founded Year | Domain | Location | |
|
Comprehensive banking and financial services are provided by HSBC Hong Kong.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by City Developments
City Developments has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include 125 Old Broad, Le Meridien Frankfurt and Millennium & Copthorne Hotels. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Real estate development projects are undertaken and managed.
|
2018 | ||||
|
Investment management services are provided by Tus Xiexin.
|
2015 | ||||
|
High-quality maple syrup, sugar, and caramel are offered online.
|
1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - City Developments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
City Developments Comparisons
Competitors of City Developments
City Developments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential and commercial properties are developed by Godrej Properties.
|
|
| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
|
|
| domain | founded_year | HQ Location |
Sustainable project development and maintenance services are provided worldwide.
|
|
| domain | founded_year | HQ Location |
Provider of property and real estate development services
|
|
| domain | founded_year | HQ Location |
Real estate properties are developed and managed in Hong Kong.
|
|
| domain | founded_year | HQ Location |
Residential and commercial properties are developed and managed across regions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on City Developments
Frequently Asked Questions about City Developments
When was City Developments founded?
City Developments was founded in 1963 and raised its 1st funding round 56 years after it was founded.
Where is City Developments located?
City Developments is headquartered in Singapore, Singapore.
How many employees does City Developments have?
As of Dec 31, 2024, the latest employee count at City Developments is 8,350.
What is the annual revenue of City Developments?
Annual revenue of City Developments is $2.42B as on Dec 31, 2024.
What does City Developments do?
City Developments was founded in 1963 in Singapore and operates within the real estate sector. Project development services are offered, alongside asset management, property management, infrastructure support, and leasing. A chain of hotels is also managed worldwide. Business activities span more than 100 locations across 20 countries and regions. In 2022, annual revenues reached 2.39 billion, with net profit at 0.93 billion.
Who are the top competitors of City Developments?
City Developments's top competitors include Godrej Properties, Marcus& Millichap and Vingroup.
Is City Developments publicly traded?
Yes, City Developments is publicly traded on SGX under the ticker symbol C09.
How many acquisitions has City Developments made?
City Developments has made 6 acquisitions, including 125 Old Broad, Le Meridien Frankfurt, and Millennium & Copthorne Hotels.
Who are City Developments's investors?
City Developments has 2 investors. Key investors include DBS Bank, and HSBC Hong Kong.
What is City Developments's ticker symbol?
The ticker symbol of City Developments is C09 on SGX.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.