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In aid of the relief efforts for Tsunami victims, CDL staff raised $100,000 for the Singapore Red Cross Society in the CDL Dollar-for-Dollar Staff Donation Drive and collected over 800 boxes of supplies for Mercy Relief.

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CDL announced its participation, with a US-based investment fund and certain other limited partners, in an Asian-based real estate opportunity fund, Real Estate Capital Asia Partners L.P. (RECAP). CDL’s capital commitment of approximately US$110 million represents 49.78% of the total capital commitment in RECAP. RECAP expects to invest its total fund of US$221 million within a period of three years.

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RECAP purchased prime freehold residential land in Sukhumvit Soi 20. To be ready in 2008, the luxury condominium in Bangkok will comprise about 600 units.

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Myungdong Development Co., Ltd, an associated company of CDL, divested MyeongDong Central Building in Seoul, Korea for approximately KW62 billion ($91.8 million). The sale to a German Fund was completed on 28 February.

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CDL was among Top 20 in Outstanding Overall Achievement in Singapore International 100 Ranking 2005.

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MyeongDong Tower, a 15-storey office building located in MyeongDong, one of the premier commercial districts in Seoul, with a net floor area of 92,744 sq. feet, was purchased by RECAP. RECAP plans to reposition the asset for eventual disposition.

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The 295-unit Parc Emily in the quiet enclave of Mount Emily Park next to Mount Emily Road was launched. CDL has a 50% interest in this project, with partner TID Pte. Ltd..

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The 910-unit City Square Residences, a freehold development located along Kitchener Road was launched. At the adjacent site, City Square Mall, CDL’s largest retail mall with over 700,000 sq. feet of retail space, was unveiled.

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CDL won the Silver RoSPA Award, one of the most prestigious international awards conferred by United Kingdom's Royal Society for the Prevention of Accidents.

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CDL was awarded a landmark site in Sentosa Cove based on its exceptional architectural design. The 197,151 sq. feet site was purchased for $238.89 million in April and is a 50:50 joint venture with TID Pte. Ltd..

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CDL bagged the highest number of awards with 14 of the 46 awards conferred at the Building and Construction Authority (BCA) Awards 2005. CDL won five Green Mark Awards (Gold) for Monterey Park Condominium, Parc Emily, Savannah CondoPark, Residences @ Evelyn and Republic Plaza. The Pier at Robertson, Butterworth 33 and Pantech 21 took home the Green Mark Award. Changi Rise Condominium, Goldenhill Villas, Goldenhill Park Condominium, Emery Point and Nuovo Executive Condominium also received recognition for Best Buildable Design while Emery Point won a Construction Excellence Merit Award.

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Some 30 winning and selected entries from The 2nd CDL Singapore Sculpture Award were exhibited at the Singapore Art Museum.

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The Esparis, a 274-unit executive condominium along Pasir Ris Drive 4 received its CSC (Certificate of Statutory Completion).

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CDL acquired an interest in Exchange Tower (formerly known as Pornpat Tower) in Bangkok. This grade “A” building is strategically located at Sukhumvit Road within the prime Central Business District area of Bangkok.

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130 copies of Heart Voyage, a limited edition photo art book by Mr Kwek Leng Joo, Managing Director of CDL, were donated, raising $100,000 for needy beneficiaries of President’s Challenge 2005.

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Millennium & Copthorne Hotels plc (M&C) announced the development of the 326-room Millennium Sukhumvit Bangkok, expected to be ready in 2007. It will be managed by M&C and is owned by Thailand-based Fena Estate Company Limited, a 50:50 joint-venture between Srichawala Family (FICO Group) and City Hotels Pte Ltd (a wholly-owned subsidiary of M&C).

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CDL purchased 21 Swiss Club Road which has a site area of 42,270 sq. feet for $12.8 million.

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CDL was accorded the special honour of Distinguished Defence Partner Award at the Total Defence Award 2005 for its consistent support of National Service.

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Initiated by Mr Kwek Leng Joo, To Singapore with Love, a photo art book in celebration of the nation’s 40th birthday was launched. It captures 330 photos from about 130 photographers, portraying Singapore’s people, arts, culture and natural heritage.

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Monterey Park Condominium, a 280-unit 999-year leasehold development along West Coast Rise received its CSC.

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CDL Hotels New Zealand Limited (CDLHNZ) and M&C announced that its subsidiary, Kingsgate Investments Pty Limited had on 15 August 2005 completed the sale of Bayswater Building at Kings Cross Road in Sydney at A$20 million (the Bayswater Sale and Purchase Agreement entered into on 1 June 2004).

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For three consecutive years, CDL has been conferred the Ministry of Home Affairs (MHA) Award for NSmen’s Employers for its support towards National Service activities in the Singapore Civil Defence Force and Singapore Police Force.

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Monterey Park Condominium was awarded the highest-ever Construction Quality Assessment System (CONQUAS) score of 92.3 as at December 2005 by BCA.

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Sunnyvale Partners, Ltd., an indirect subsidiary of M&C received approval for the redevelopment of the Four Points by Sheraton Sunnyvale into a new Millennium Hotel with residential units. Project completion is anticipated to be first quarter of 2008.

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CDL was awarded the 2005 Excellence in Design Award (Runner-Up) by Environmental Design + Construction (EDC) Magazine in USA for Changi Rise Condominium and Goldenhill Park Condominium in the Multi-Use Residential (Apartment/Condominium) category.

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The 648-unit Savannah CondoPark, CDL’s first Safari-themed Eco-condo in Simei Street 1, received its CSC.

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CDL is listed on the new FTSE/ASEAN Index and the FTSE/ASEAN 40 Index.

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CDL was one of the founding Singapore signatories of the United Nations Global Compact participation letters in the advancement of responsible corporate citizenship.

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For the ninth consecutive year, CDL received the Friend of the Arts Award for its continued support of the arts.

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The iconic luxury development, The Sail @ Marina Bay Tower 2 with 430 units, was almost sold out within days of its launch.

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CDLHNZ and M&C announced that Kingsgate Investments Pty Limited completed the divestment of Kingsgate Shopping Centre (the Property) for a net consideration of A$19.9 million. The book value of the Property was A$9.2 million as at 30 June 2005.

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CDL was voted one of Singapore’s most transparent property companies in SIAS (Securities Investors Association Singapore) Investors’ Choice Awards 2005.

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Lions Befrienders awarded the Friend of the Elderly Award 2005 to CDL’s volunteer staff group, City Sunshine Club, for its contribution to the caring of the elderly.

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In an en-bloc sale, CDL purchased Bougainville, a freehold development with a site area of 30,368 sq. feet along Shelford Road for $19 million.

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CDL received SIA-HWA (Singapore Institute of Architects – Handicaps Welfare Association) Award for Community Friendly Buildings for Savannah CondoPark (Silver) and Goldenhill Park Condominium (Bronze) in the Residential Buildings category and Goldenhill Villas (Honourable Mention) in the Open Spaces and Structures category.

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M&C clinched a management contract for a 350-room hotel in Shanghai’s Hongqiao district. The 5-star Millennium Hongqiao Shanghai will open in mid-2006.

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CDL was awarded The Singapore Health Award 2005 (Gold) by Health Promotion Board for successfully promoting healthy lifestyle to its staff.

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CDL supported the setting of a new base jump record in Singapore from Republic Plaza, one of Singapore’s tallest buildings.

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CDL was the top private residential property seller in 2005. Projects contributing to CDL’s sales include The Sail @ Marina Bay Tower 2 and City Square Residences which are amongst the top five best sellers in 2005.

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CDL was presented the Singapore Green Plan 2012 Award 2005 by Ministry of the Environment and Water Resources for leading the industry in good environmental practices and educating its stakeholders to adopt eco-friendly habits.

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CDL’s Republic Plaza, Fuji Xerox Towers and City House were awarded the Energy Smart Label Award by National University of Singapore (Energy Sustainability Unit) and National Environment Agency.

CDLHNZ and M&C announced the completion of divestment of Kingsgate
Commercial Complex by Kingsgate Investments Pty Limited, a wholly-owned subsidiary of Kingsgate International Corporation Limited for A$19 million.

Monterey Park Condominium was conferred a bronze award at the inaugural Landscape Industry Association (Singapore) (LIAS) Awards of Excellence 2005 in the Implementation Projects, Residential category.