CITYNEWS - DREAM HOMES AWAIT - JUL - SEP 2017 - City Developments Limited
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CITY
NEWS
A QUARTERLY UPDATE BY
CITY DEVELOPMENTS LIMITED JUL — SEP 2017
DREAM HOMES
AWAIT
Exquisite selection of residences that are
move-in ready — Nouvel 18 and
UP@Robertson Quay
A Never-Ending Kampong Fun Spa by JW
Journey For a Good Cause Opens
in Excellence
LET’S TALK
In recent years, Asia has been the growth engine of
the global economy. While uncertainty continues
to weigh on the global environment, Asian
economies are expected to remain resilient and
deliver strong growth.
Leading the region’s growth is China — the world’s largest
BUILDING A
economy by purchasing power parity. Indeed, access to this
burgeoning consumer market is almost ubiquitous for global
companies across all sectors. For almost two decades, China has
FOOTPRINT IN
been the top draw for Singapore investments and forms a major
overseas market for Singapore enterprises. CDL is no exception.
THE WORLD’S
Since we entered the China market some seven years ago,
this overseas market has been integral to our diversification
LARGEST
strategy. Today, most of CDL’s land bank is overseas — with
China accounting for 40% of our proposed gross floor area
(GFA).
ECONOMY Realising Value
In 2010, through our wholly-owned subsidiary, CDL China Limited, we
began our strategic foray into the world’s most populous economy,
with a specific focus on upper tier cities which are more resilient to
changing economic conditions.
During this time, we acquired three prime development sites as well
as a completed residential project and a commercial project. Totalling
over 530,000 square metres of GFA, the sites are located in Shanghai,
Suzhou and Chongqing.
Our maiden acquisition was a heritage site atop the historic Eling Hill in
the Yuzhong District of Chongqing in 2010, which was swiftly followed
by a prime mixed-use development site beside Jinji Lake in Suzhou in
2011 and another prime riverfront site in Chongqing in 2012. After
taking some time to focus on the development of these three sites,
we resumed the acquisition trail in 2014 and purchased a completed
luxury villa project in Shanghai in 2014. Earlier this year, we acquired
our first commercial project within the Hongqiao Central Business
District, one of Shanghai’s fastest growing business areas.
01
LET’S TALK
“ DISRUPTION IS HERE TO STAY. MORE THAN
EVER, TECHNOLOGY WILL CONTINUE TO
TRANSFORM THE WAY SOCIETIES LIVE, WORK
AND PLAY. FOR BUSINESSES TO THRIVE, PRODUCT
INNOVATION, PORTFOLIO RECALIBRATION AND
SPEED TO MARKET ARE THE KEYS TO SUCCESS
IN THE NEW DIGITAL ECONOMY.
We have made progress in realising the potential and value of these AT CDL, LEVERAGING STRATEGIC PARTNERSHIPS
prime sites. In 2016, we achieved a total sales value of RMB 3.47 billion WITH HIGH-GROWTH NEW ECONOMY BUSINESSES
from three of the launched residential projects — Eling Residences in IS CORE TO OUR INNOVATION STRATEGY. BY
Chongqing, Hong Leong City Center in Suzhou and Hongqiao Royal
INTRODUCING NEW AND INNOVATIVE PRODUCTS
Lake in Shanghai.
OR DELIVERING EXISTING PRODUCTS IN
A RESOURCE-EFFICIENT MANNER, WE CAN
Growing Roots FURTHER ENHANCE OUR GROWTH AND
STRENGTHEN OUR LONG-TERM RECURRING
Expanding beyond brick and mortar, we have forged collaborative
partnerships with new economy businesses platforms that are
INCOME STREAMS.
”
complementary to our core businesses of real estate and hospitality.
MR SHERMAN KWEK
CDL DEPUTY CEO
Since last September, we have collectively invested RMB 172 million in
two leading sharing economy platforms in China. They include a 20%
stake in mamahome, one of China’s fastest growing online apartment Next year, Distrii will open its first international outpost at Republic
rental platforms, and a 24% equity stake in Distrii, China’s leading Plaza, CDL’s flagship commercial property in Singapore. Spanning
co-working space operator. over 60,000 square feet of space, this facility is expected to be one of
Singapore’s largest co-working facilities, integrating office space, food
Aside from contributing future long-term recurring income streams, and beverage, entertainment and recreational facilities.
these partnerships offer CDL immediate exposure to business
segments with significant potential growth and future synergies. Both Leveraging such strategic partnerships is core to our innovation
the mamahome and Distrii platforms provide scalability and can be strategy and we actively seek investment opportunities that present
effectively applied to our asset portfolio. medium to long-term capital value appreciation potential and will
bolster our recurring income streams.
With over 164,858 apartment listings spanning over 41 cities in China,
mamahome represents an effective platform to enhance leasing efforts Real estate has always been a key driver for China’s economy and its
for CDL’s residential leasing properties and serviced apartments. long-term fundamentals are sound. While our China growth strategy
continues to evolve, we remain focused on deepening our presence in
Similarly, Distrii is expanding at a strong velocity and currently has 15 the face of China’s rebalancing and realising our vision of creating an
locations in China with a seating capacity of 3,700. Besides domestic indelible imprint on China’s cityscape through our iconic developments.
expansion, Distrii has set its sights on bringing its brand overseas. As
a strategic investor, CDL not only contributes capital but also provides
international market expertise to support Distrii’s expansion plans. Mr Sherman Kwek
CDL Deputy CEO
02
HOMERUN
A NEVER-ENDING
JOURNEY
IN EXCELLENCE
Celebrating CDL’s achievements at the BCA Awards 2017, which includes being the only developer to win the inaugural top Quality Star Champion Award.
CDL emerged as the most awarded private-sector property developer at the Building and Construction
Authority (BCA) Awards 2017 with a total of 30 accolades. It is also the first and only property developer
to be conferred the inaugural top Quality Star Champion Award, on top of the Quality Champion
(Platinum) Award, and the only Platinum winner for the Construction Productivity Award — Advocates
(Developer) Category.
Mr Grant Kelley, CDL CEO said, “Receiving the inaugural top Quality developments — two tiers beyond the mandatory Green Mark
Star Champion is a testament of our unwavering commitment to certification level. Besides enabling CDL to optimise resources
quality. Over the years, in our pursuit of quality, CDL has committed and achieve savings, its innovations and advanced methods have
our projects for assessment under the Quality Mark scheme helped to change the way it builds, creating quality, eco-friendly
to ensure high standards of workmanship. Our developments and safe homes and spaces.
have also consistently excelled under the Construction Quality
Assessment System, even though it is not mandatory for all private
sector projects to be assessed. Placing our projects against industry
benchmarks for assessments have pushed us to continually strive
Extending CDL’s Lead in Tenant Engagement
for quality excellence, establishing our reputation as the built
Beyond greening buildings, in line with BCA’s 3rd Green Building
industry leader and enhancing our product differentiation in a
Masterplan, CDL has also focused on greening the “software”. By
highly competitive market.”
actively engaging its commercial tenants through the CDL Green
Lease Partnership programme, CDL has encouraged and enabled
“As Singapore’s pioneer property developer, for more than 50
them to play a bigger role in the green building movement.
years, CDL has built a strong track record for quality, design
excellence and sustainable development; and our buildings have
CDL is the most-awarded developer in the Green Mark Pearl
created value for customers, the community and environment.”
category for its sterling efforts in engaging its tenants through the
CDL Green Lease Partnership programme. As of December 2016,
over 95% of CDL’s existing tenants have pledged their commitment
to reduce their energy consumption and environmental footprint.
Innovating for Greater Productivity, Furthermore, CDL’s Fuji Xerox Towers, a Green Mark Platinum
Construction Excellence and Sustainability 38-storey office building, is the winner of the top-tier Green
Mark Pearl Prestige award, making CDL the only developer
In addition to quality, CDL has pioneered innovations and to win this top-honour accolade for three consecutive years.
championed industry-changing construction methods that CDL’s City Square Mall, Singapore’s first Eco-Mall, is also the
enhance productivity, construction excellence and environmental first shopping mall to achieve the Green Mark Pearl award.
sustainability. This is part of its steadfast commitment to achieve
a minimum Green Mark GoldPLUS certification for all its new Click here for the full list of CDL’s BCA Awards in 2017.
03
HOMERUN
CHAMPIONING
SAFE AND
HEALTHY WORK
ENVIRONMENTS
Over the years, CDL has driven the importance of Environmental,
Health and Safety (EHS) excellence at its worksites and across its
supply chain. Recognising that creating a strong EHS culture takes
time and is an ongoing process, CDL has continued to proactively
encourage its stakeholders to adopt an EHS-conscious mindset
through risk reviews and the monitoring of EHS performances via
the CDL 5-Star EHS Assessment System.
In affirmation of its steadfast commitment and efforts in engaging
builders and consultants to maintain a high level of workplace
safety and health standards, CDL was accorded the Workplace
Safety and Health (WSH) Developer Award by the WSH Council, for CDL is a recipient of the WSH Developer Award for the 10th consecutive year. Pictured here
the 10th consecutive year. is CDL Group General Manager Mr Chia Ngiang Hong (right) receiving the award given out
by Minister for Manpower Mr Lim Swee Say (left) on 25 July 2017.
H2O RESIDENCES
SNAGS GLOBAL In recognition of excellent architectural design
and environmental sustainability, H2O Residences
HONOURS AT was presented the top honour of the World Gold
Winner, under the Sustainable Development
FIABCI WORLD category at the FIABCI World Prix d’Excellence
Awards 2017. The award was presented at the
PRIX D’EXCELLENCE FIABCI World Prix d’Excellence Awards Dinner,
which was held in conjunction with the FIABCI 68th
AWARDS 2017 World Real Estate Congress on 26 May 2017 at the
Andorra Park Hotel.
FIABCI Prix d’Excellence recognises projects that best embody
excellence in all the real estate disciplines involved in its creation. It
illustrates concretely the FIABCI ideal of providing society with the
optimal solution to its property needs. Evaluated by an international
judging panel comprising top real estate professionals and experts,
the FIABCI Prix d’Excellence rewards overall merit, going beyond
aesthetics, functionality or size.
This Award marks CDL’s fourth win in the Sustainability Development
category at the FIABCI World Prix d’Excellence Awards. Earlier winning
projects in the same category include Tree House condominium, 11
Tampines Concourse, and 7 & 9 Tampines Grande.
H2O Residences is one of Singapore’s first ABC (Active, Beautiful, Clean) Waters certified
condominiums, designed to integrate seamlessly with the surrounding nature and waters.
04
HOMERUN
EXCLUSIVE
RESIDENCES
READY TO
IMPRESS
A rare freehold home in the prime Ardmore
enclave, Singapore’s District 10, Nouvel 18 is a
poetic statement of modernity and biodiversity.
With 156 exquisite units, this 36-storey
development of two towers is now available
exclusively for lease.
Also by CDL, UP@Robertson Quay is a highly-
anticipated District 9 mixed development with
hotel that is nestled in the iconic Singapore River
Precinct. Situated along the Singapore River, the
70-unit project is just minutes away from Great
World City mall and the upcoming Great World
MRT station. It is also well connected to the
For Illustration Only bustling Central Business District, Orchard Road
and Marina Bay Sands.
Nouvel 18
EXCLUSIVELY FOR LEASE
A luxurious residence nestled in the prime and lush Ardmore
enclave, Nouvel 18’s main tower showcases a network of vertical
greenery amidst a striking façade. Designed by Jean Nouvel,
Pritzker Prize winner and architect extraordinaire, the masterful
arrangement of complementary tones of glass creates an ever-
changing palette from every different angle. Enjoy a lifestyle worthy
of the elegant surroundings with CDL’s Signature Residential
Services*. Similar to concierge and personal assistant all-in-one,
our Residential Hosts will gladly help with day-to-day matters
or special occasions, ranging from luggage assistance and towel
service, to restaurant, hotel and transport reservations locally
or abroad.
Located just three minutes’ walk to Orchard Road, Nouvel 18 is
close to embassy district, international schools and MRT station. An
array of 2+study, 3-bedroom, 3+study, 4+study luxury residences
or penthouse suites are available. Residents will have access to full
condominium facilities including eight themed sky terraces,
For Illustration Only
a clubhouse gourmet dining and a screening room.
*Terms and conditions apply
05
HOMERUN
UP@Robertson Quay
FOR IMMEDIATE OCCUPATION
Choice apartments of 1+study and 2-bedroom units are available —
perfect for homeowners looking for a move-in ready home or savvy
investors seeking immediate rental returns. With up to 7.2m floor-
to-floor heights, and dual-purpose furniture^ for selected units, your
home will be amazing in every way.
Linked directly to M Social, a new Philippe Starck designed hotel,
residents of UP@Robertson Quay can enjoy fee-based hotel services*
as well as the pleasure of dining and winding down at M Social’s
contemporary restaurant — Beast & Butterflies.
* Services may be modified accordingly to availability and at the discretion of the hotel operator.
For an exclusive presentation of Nouvel 18 and
UP@Robertson Quay, please call or whatsapp to:
Tel: (65) 8783 1818 For Illustration Only
Email: enquiries@cdl.com.sg
06
BIZBUZZ
SINGAPORE SUSTAINABILITY
ACADEMY OFFICIALLY OPENS
The Singapore Sustainability Academy (SSA) was officially opened on 5 June 2017, in conjunction with World Environment Day. Pictured here at the launch are Mr Teo Chee Hean, Deputy Prime
Minister and Coordinating Minister for National Security (third from left), together with Mr Masagos Zulkifli, Minister for the Environment and Water Resources (third from right). They were
accompanied by CDL Deputy CEO Mr Sherman Kwek (second from right), CDL Group General Manager Mr Chia Ngiang Hong (extreme left), CDL Chief Sustainability Officer Ms Esther An (extreme
right), and SEAS Chairman Mr Edwin Khew (second from left).
Jointly created by CDL and the Sustainable Energy Globally, sustainability integration has gained strong momentum
Association of Singapore (SEAS), the Singapore with the Paris Agreement and United Nations Sustainable
Development Goals. In Singapore, the Government is leading the
Sustainability Academy (SSA) is the first major
way with the Sustainable Singapore Blueprint; Climate Action Plan
People, Public and Private (3P) ground-up and the Green Building Masterplan which aims to green 80% of all
initiative in support of global and national buildings by 2030; pledge to reduce Greenhouse Gases emissions
goals to tackle climate change. intensity by 36% by 2030; and the newly-launched Public Sector
Sustainability Plan 2017-2020 which outlines the public sector’s
plans to improve resource conservation.
This is also the first time a local private-sector property developer
and non-profit organisation have teamed up to create a major The SSA is supported by six government agencies and 15 founding
training and networking facility on sustainability. The SSA aims industry partners. It will be governed by an advisory board, chaired by
to promote a low-carbon economy, resource efficiency, and Professor Tommy Koh, and a programme committee that will provide
sustainable practices among businesses and the community, in strategic direction and implement programmes to its mission.
particular, youths. It will focus on advocacy, building capacity and
collaboration, education and training, information and resource
sharing as well as user engagement.
07
BIZBUZZ
At the official opening, it was also announced that the SSA will be a is strategically integrated into CDL’s business and operations
platform for the Women4Green initiative by CDL, the first Singapore from developing green buildings and managing them in an
network for women in sustainability. Women4Green brings together energy-efficient and resource-efficient manner, to engaging and
women executives in green industries who contribute to climate influencing stakeholders on sustainable development. The SSA and
action, sustainable business, and social change. Women4Green initiatives will further advance CDL’s stakeholder
engagement to achieve a greater impact in building
Mr Sherman Kwek, CDL Deputy CEO, said, “CDL firmly believes a sustainable future.”
that sustainability creates immense value for businesses,
stakeholders, the community and the environment. Sustainability
A FIRST-OF-ITS-KIND SUSTAINABLE BUILDING IN SINGAPORE
Photovoltaic (PV) Panels
About 3,200 square feet (sq ft) of PV panels
extensively covering the 4,300 sq ft building
Estimated to generate an annual energy yield
of over 60,000 kilowatt hours (kWh)
More than the building’s estimated annual energy consumption of 50,000 kWh
Helps to achieve zero energy for self-sufficiency
Cross Laminated Timber and Glued Laminated Timber
First in Singapore to be verified by the Nature’s Barcode™ system as coming from
responsible sources Automation Control and
Light yet structurally robust Energy Monitoring System
A lightweight alternative to steel or concrete Monitors real-time energy generation
and consumption
Provide a high level of thermal performance, which helps to reduce cooling costs
Adapts lighting and air-conditioning to
Cleaner and safer worksite as pre-fabrication off-site improves efficiency in assembly situations
and keeps on-site pollution to a minimum
Provides maximum energy savings while
Increased productivity by more than 30% and saved around 130 man days maintaining full comfort
08
BIZBUZZ
VIEWS ON A
TRANSFORMATIVE
LANDSCAPE
With increasing technological, political and ENDURING STEWARDSHIP
economic disruption, businesses today are under PRINCIPLES IN CHANGING TIMES
pressure to be nimble and creative. This translates
into both tremendous business opportunities and The challenging environment for companies to responsibly create
obvious challenges in the rapidly changing world. wealth over the long term and to steward investment for impact
gives rise to renewed interest in sustainable development and
As a pioneer and innovator in the real estate
business stewardship.
sector with over five decades of track record, CDL
continues to shape business discourse by sharing At the Stewardship Asia Roundtable 2017 held on 6 June, CDL CEO
its thought leadership perspectives with business Mr Grant Kelley joined over 200 influential thinkers and leaders
and industry. from some 20 countries to exchange ideas on advocating sound
stewardship and governance in their organisations and businesses.
Mr Kelley was a panellist on the “Principles towards Sound
Stewardship” session, where he spoke about CDL’s experience, and
approach to sustainable development over the past 22 years. The
session was moderated by Mr Ong Boon Hwee, CEO of Stewardship
Asia Centre.
Organised by the Stewardship Asia Centre, the Stewardship Asia
Roundtable is an exclusive by-invitation only platform that allows
invited steward-leaders to mutually share best-in-class practices and
experience in promoting stewardship and governance applications
which will create wealth for stakeholders and benefit the larger
community over the long term.
DISRUPTIVE INNOVATION
FOR THE REAL ESTATE SECTOR
Disruption is the new “normal” in the world. For the real estate
sector, technology has had a tremendous impact – resulting in
new space demands, recalibrating of asset portfolios and adaptive
usage of leasable space. The success of businesses today depends
on their ability to proactively shape and drive future demand.
As reinventing the brick and mortar business requires time, many
leading real estate operating companies have taken a capital
efficient, asset-light approach, by investing in start-ups and
complementary new economy business models.
On 6 June, as a discussion leader on the Disruptive Technology
CDL CEO Mr Grant Kelley (right) with Mr Simon Israel, Director of Stewardship Asia Centre
(left) at the Stewardship Asia Roundtable 2017. During a panel session, Mr Kelley shared panel at the Urban Land Institute (ULI) Asia Pacific Summit 2017,
CDL’s perspective in business stewardship.
Mr Kelley shared insights on how CDL has been embracing
disruption through investing in synergistic high-growth new
economy platforms such as mamahome, a fast-growing Chinese
online apartment rental platform and Distrii, a leading co-working
facility operator. These investments allow CDL to reap synergies
with existing business operations and enhance its service offerings
09BIZBUZZ
by leveraging its partners’ experience and networks. He was joined
by other industry stalwarts including Ms Debobrah Weinswig,
Managing Director of Fung Global Retail & Technology; Mr Jonathan
Hannam, Co-Founder and Managing Director of Taronga Group;
and Mr Gerald Yong, Chief Investment Officer of The Ascott Limited.
Held from 6 to 8 June, the ULI Asia Pacific Summit is Urban Land
Institute’s signature real estate event that attracts over 500 decision
makers from across Asia Pacific and beyond, bringing together the
industry from all fields, including institutional investors, funders,
developers, advisers, planners, architects and city leaders. The
Summit provides a forum for real estate and land use professionals to
At the ULI Asia Pacific Summit 2017, Mr Kelley spoke about CDL’s perspectives in embracing
learn about the latest global real estate trends, connect with industry innovation amidst a disruptive environment on an industry expert panel.
leaders and explore new business opportunities.
GOLDEN
To complement CDL’s diversification strategy and sharpen its
structural efficiency, a dedicated IR function was established in
April 2016 with the objective of enhancing the Company’s financial
HONOURS
communication.
Supported by CDL’s core leadership team, the Company’s IR
FOR EXCELLENCE
function implemented disclosure enhancements and established
platforms to strategically communicate CDL’s equity story with the
investment community.
IN FINANCIAL In 2016, apart from its traditional Annual General Meeting and
biannual results briefings events, the CDL senior management
and IR team engaged regularly with investors through post-results
COMMUNICATION
luncheons, non-deal roadshows, conferences, meetings and site
visits. Collectively, the Company met with over 200 institutional
shareholders and potential investors in Singapore, Hong Kong
and Japan, and facilitated over 30 site visits to its developments in
Singapore, china and UK for fund managers and analysts.
Building investor confidence through timely,
accurate information disclosure and regular In recognition of its commitment and efforts towards
communication with the investment community excellence in financial communication, CDL received the
is the key focus of CDL’s Investor Relations Gold Award in the Best Investor Relations Award category
(IR) function. for companies with S$1 billion and above in market
capitalisation, at the Singapore Corporate Awards (SCA) 2017.
This prestigious accolade recognises companies that embody the
spirit of good corporate governance and corporate transparency;
and hence adopt and implement best practices in IR.
CDL Chief Financial Officer Ms Yiong Yim Ming said, “Although
2016 was a fledging year for our IR function, by leveraging
financial communication effectively as a tool, our IR team was
able to deliver upon both its functional and strategic objectives,
resulting in increased liquidity and resilience of our stock. More
than just fulfilling a functional role, our broader vision is for the IR
unit to support the advancement of our growth plans and deliver
competitive advantages.”
CDL Chief Financial Officer Ms Yiong Yim Ming received CDL’s Best Investor Relations Gold
Award from Award presenter Mr Anthony Tan, Deputy Chief Executive Officer of Singapore
Press Holdings Ltd (second from left), at the SCA 2017 dinner on 18 July. Joining them on
stage are Mr Lee Suan Hiang, Panel Co-Chairman for Best Investor Relations Award and
Council member of Singapore Institute of Directors (left); and Mr Ong Pang Thye, Managing
Partner of KPMG Singapore (right).
10BIZBUZZ
FORGING
The Government’s tweaking of cooling measures,
active participation by developers in recent land
tenders, and some successful launches have stoked
A GROWTH optimism in the Singapore property market in the
first half of this year. Total residential transactions
PIPELINE
more than doubled year-on-year in first quarter
of 2017, since the peak of the Singapore property
market in second half of 2013.
ACQUISITION OF TAMPINES
AVENUE 10 RESIDENTIAL SUITE
Besides great connectivity and a myriad of amenities at the well-developed Tampines, residents can also look forward to new neighbourhood parks such as Tampines North Quarry Park (pictured
above). (Photo credit: Housing & Development Board)
Recent Government Land Sales tenders in Singapore have drawn the Pan Island Expressway and Tampines Expressway, and is a short
strong participation of developers, with record prices achieved for drive to Changi International Airport and Changi Business Park.
some prime sites.
Residents will have easy access to a myriad of amenities at Tampines
In May, CDL successfully acquired the 99-year leasehold residential Central, which includes Tampines Mall, Century Square, Tampines
site for development of a condominium at Tampines Avenue 10, One and Our Tampines Hub, as well as retail warehouses at Tampines
through a tightly contested tender. This new residential project is North such as IKEA, Courts Megastore and Giant Hypermarket.
in the up and coming Tampines North estate, an extension of the Furthermore, residents can enjoy recreational activities at the nearby
established Tampines town. The 233,769 sq ft site will have around Bedok Reservoir. The popular St Hilda’s Primary School is within 1 km
800 units and will include a childcare centre on site. Works are of the site and other reputable schools in the vicinity include Temasek
expected to commence in September. Polytechnic and United World College.
Besides being close to the upcoming Tampines West MRT station,
part of the Downtown Line, this site also enjoys good connectivity to
11BIZBUZZ
FACELIFT IN PROGRESS:
OPTIMISING STAKEHOLDER VALUE
THROUGH ASSET ENHANCEMENT
To meet changing consumer preferences amidst an increasingly
competitive landscape, CDL has embarked on a strategic initiative to
unlock value within its asset portfolio.
Properties with untapped potential will be revitalised through asset
enhancement initiatives (AEI).
CDL’s wholly-owned 97-unit Le Grove Serviced Apartments,
located at Orange Grove Road off Orchard Road, is the first to
embark on AEI works. With the property being more than 20
years old, it was closed last december for a $30 million major
revamp and will be converted into a 173-unit development.
In addition to the interiors, upgrading works will also be carried out at
the common areas, building facade exterior landscape and swimming
pool. This aims to enhance the potential of this asset and the new
features in the revamped serviced residences will better cater to
changing consumer needs. The works are expected to be completed
by the second quarter of 2018.
During the lull period in the office market cycle, CDL will also reposition
some of its office properties, such as Republic Plaza — its prime Grade
A office building connected to Raffles Place MRT station in the heart
of Singapore’s Central Business District. The AEI works will strengthen Artist’s Impression
the properties’ market positioning and tap on rental growth potential
in the foreseeable future as new office supply remains limited for the The revamped Le Grove Serviced Apartments on Orange Grove Road will boast 173 apartment units when it
reopens in 2018.
next few years.
The AEI works were announced alongside CDL’s Q1 2017 financial
performance. Despite a challenging market, CDL posted Earnings
before Interest, Tax, Depreciation and Amortisation (EBITDA) of
S$186 million for Q1 2017 (Q1 2016: S$205 million), and Profit after
Tax and Minority Interests (PATMI) of S$85.5 million (Q1 2016:
S$105.3 million). CDL saw an increase in revenue for Q1 2017 of 8.4%
to S$783.8 million (Q1 2016: S$723.3 million).
Basement @ RP was refreshed in March 2016, with expanded seating areas and for a fresher, new look. New F&B tenants were also introduced, with the expansion of space. The planned AEI works will rejuvenate the rest of the building.
12LUXESTYLE
INKING THE DEAL FOR
NEW UAE HOTEL
At the signing of a new hotel that will be built at Ras Al Khaimah in the United Arab Emirates. From left: Mr Shaju Perinchery, Senior Vice President, Finance of Millennium Hotels and Resorts
(MEA); Mr Kwek Leng Beng, Chairman of Millennium & Copthorne Hotels (M&C); Mr Abdullah Al Houti, President of SuperCasa Development Limited; Mr Emad Majid, MEA Chief Legal Officer,
and Mr Kevork Deldelian, MEA Chief Operating Officer.
Millennium & Copthorne Hotels plc (M&C) in the Middle East & Africa (MEA) has signed a partnership with
SuperCasa Development Limited for a new five-star property on the Al Marjan Island at Ras Al Khaimah.
Ras Al Khaimah is one of the seven emirates in the United Arab Emirates (UAE).
position as one of the fastest growing operators in the region,
with 12 hotels due to open within the next year and 40 hotels in
the pipeline across the Middle East.
Scheduled to open in 2020, the resort will be situated on a 75,000
square foot plot on Al Marjan Island, Ras Al Khaimah’s first
man-made island project. Located only 30 minutes from Ras
Al Khaimah International Airport and 50 minutes from Dubai
International Airport, Al Marjan Island is set to redefine Ras Al
Khaimah’s hospitality sector, with large-scale developments
comprising hotels, villas and residential units, in addition to marinas,
retail and recreation facilities. Boasting a unique and iconic design,
the Millennium resort will enjoy panoramic views of the Arabian
Artist’s Impression Peninsula and access to a private beach. World-class facilities include
two swimming pools, a fitness centre, treatment rooms and meeting
The new five-star beach resort is scheduled to open in 2020 on the Al Marjan Island at and event spaces. The resort will also host all day dining, poolside
Ras Al Khaimah in the UAE.
restaurant, specialty restaurant and a Sky Bar.
The signing ceremony was held in London in the presence of Mr Mr Ali Hamad Lakhraim Alzaabi, President & CEO, Millennium
Kwek Leng Beng, M&C Chairman; Mr Abdullah Al Houti, President Hotels and Resorts MEA says, “We are honoured to partner with
of SuperCasa Development Limited; Mr Emad Majid, Chief Legal SuperCasa Development on this project, which is an important
Officer and Mr Kevork Deldelian, Chief Operating Officer of addition to our growing portfolio in the region. Ras Al Khaimah
Millennium Hotels and Resorts, MEA. has witnessed considerable growth over recent years and with
exciting projects such as Al Marjan Island, it will continue to rise as
Operating under the Millennium brand, the 339-key beach resort an important tourist destination. We look forward to supporting its
underlies the Group’s commitment to extensive expansion within evolution in line with the ambitious plans of RAK Tourism Authority
the UAE. The agreement solidifies Millennium Hotels and Resorts’ by bringing our global and regional management expertise to
deliver an outstanding five-star resort.”
13LUXESTYLE
CDL HOSPITALITY
The purchase price is based on the £52.5 million property price
and £0.4 million payment based on The Lowry Hotel Limited’s
estimated net working capital and cash.
TRUSTS ITS Situated near the heart of Manchester city centre and approximately
GLOBAL
16.0km from Manchester Airport, The Lowry Hotel offers 165 rooms
and a comprehensive suite of facilities.
FOOTPRINT
Mr Vincent Yeo, Chief Executive Officer of CDLHT referred to the
acquisition as a “unique opportunity to acquire an iconic asset while
capitalising on a low funding environment”.
“Manchester is one of the most important cities outside of London
CDL Hospitality Trusts (CDLHT) has recently with a buoyant economic outlook, and the hospitality market
acquired a five-star luxury hotel in Manchester, is supported by a strong mix of corporate and leisure demand,
particularly in football-related and entertainment demand, which
UK, for £52.9 million (S$94.7 million); and marked
features prominently for the property,” said Mr Yeo.
its first entry into Germany with the acquisition
of Pullman Hotel Munich for €100.6 million The five-star luxury hotel is best known for being block-booked by
(S$156.3 million). Manchester United Football Club before each home game so that the
team can have a good rest the night before.
It is also within the vicinity of top office developments such as
Spinningfields, prominent retail establishments such as Arndale
Shopping Centre, one of the busiest retail malls in the UK, and
entertainment hubs such as Royal Theatre Exchange, Manchester
Opera House and Manchester Arena. In 2015 and 2016, refurbishment
was implemented for the guest rooms, public areas, hotel spa and six
luxurious suites.
The Lowry Hotel Limited will continue to hold and operate the hotel
after the completion of the acquisition.
In addition to the purchase of The Lowry Hotel in the UK, CDLHT
acquired a 94.5% stake of the Pullman Hotel Munich in Germany for
€100.6 million (approximately S$156.3 million) on 27 June.
Strategically located adjacent to the commercial district of “Parkstadt
Schwabing”, this freehold property is home to a variety of national and
international companies, including Amazon, GE Healthcare and the
German headquarters of Fujitsu, Microsoft, IBM and Munich Re. The
Located in the heart of Manchester city centre, the five-star luxury 165-room Lowry Hotel is one Hotel also boasts convenient accessibility, with motorways connecting
of only 20 hotels in the UK to be part of Leading Hotels of the World, the largest collection of
luxury hotels in the world with over 430 of the world’s greatest hotels in 80 countries. Munich to Berlin and Frankfurt within a two-minute drive away, and
the Munich railway station and Munich International Airport being
accessible within a 13-minute and 21-minute car drive, respectively.
“Munich is a compelling destination for our first acquisition in continental
Europe, allowing CDLHT to benefit from a potential economic recovery
in the region through exposure to the largest economy in Europe.
Besides being an important business hub and trade fair destination
within Germany, Munich is also home to famous cultural and sporting
attractions,” commented Mr Yeo.
The hotel will continue to operate under the “Pullman” brand, and
be leased and operated by EVENT Hotels, which continues to hold
5.1% stake in the asset. With this latest acquisition, CDLHT now
holds 19 properties in gateway cities in Singapore, Australia, New
Zealand, Maldives, Japan, United Kingdom and Germany.
The acquisition of Pullman Hotel Munich marks CDLHT’s first entry into the German market.
14LUXESTYLE
Grand Copthorne Waterfront is ranked no. 22 on Asia Pacific’s Top 50 list of meeting hotels.
ASIA PACIFIC’S
Grand Copthorne Waterfront in Singapore (#22), Millennium Seoul
Hilton in South Korea (#42), Grand Hyatt Taipei in Taiwan (#43),
and JW Marriott Hong Kong (#49) have all made the cut on the
TOP 50
prestigious list.
Grand Copthorne Waterfront is owned by CDL Hospitality Trusts,
MEETING
Hong Leong Group’s hotel real estate investment trust, while
Millennium Seoul Hilton, Grand Hyatt Taipei and JW Marriott Hong
Kong are owned by Millennium & Copthorne Hotels plc (M&C)
HOTELS
and managed by third party hotel groups.
The study by Cvent Inc., a leader in event management and
hospitality software solutions, evaluated hotel properties that
received business through its platform from January 2016 to
December 2016. It ranked the properties based on various data
Hong Leong Group’s hotels have made the rank on points, such as major metropolitan area market share, conversion
Asia Pacific’s Top 50 List of meeting hotels in rate, and the hotel’s profile visits on the platform, to make a list of
the region. the most popular meeting hotels in the APAC.
Singapore hotel brands occupied seven of the top 10 with Grand
Hyatt Singapore, Hilton Singapore, Conrad Centennial Singapore,
Fairmont Singapore, Pan Pacific Singapore and Intercontinental
Singapore also on the list.
Another Singapore hotel, Marina Bay Sands was the top meeting
hotel in the Asia-Pacific region last year.
15LUXESTYLE
Millennium Seoul Hilton (left) and Grand Hyatt Taipei (right) snagged 42nd and 43rd positions respectively.
JW Marriott Hong Kong beat out the rest and made it to the list at the 49th position.
16FUTURENOW
CDL INTEGRATED
SUSTAINABILITY REPORT 2017
CDL’s latest Integrated Sustainability Report
2017 outlines its new sustainability blueprint
CDL Future Value 2030, to complement its
growth strategy and futureproof its business
ahead of Singapore’s impending carbon tax and
“A CO
AS ESG INTEGRATION BECOMES ESSENTIAL TO
MPANY’S LONG-TERM SUCCESS AND ECONOMIC
in line with the nation’s commitment to the VALUE, WE HAVE CONTINUED TO ENHANCE CDL’S
Paris Agreement, Climate Action Plan and the SUSTAINABILITY STRATEGY TO FUTURE-PROOF OUR
Sustainable Singapore Blueprint. BUSINESS. UNDER OUR NEW CDL FUTURE VALUE 2030
BLUEPRINT, WE WILL ACTIVELY TRACK AND REVIEW OUR
ESG PERFORMANCE AGAINST THE GOALS AND TARGETS
ESTABLISHED TO SUPPORT CDL’S GROWTH WHILE
The blueprint encapsulates the company’s long-standing
sustainability commitment, over 20 years of best practices, and a
set of tangible environmental, social and governance (ESG) goals
BUILDING A SUSTAINABLE FUTURE .
”
and targets, with 2030 in mind. CDL has made a bold move to raise MR GRANT KELLEY
its carbon emissions reduction target from 25% to 38% from 2007 CDL CEO
levels by 2030.
In addition, in view of the move towards a circular economy, CDL
has set new targets to reduce its total waste disposed by 50% from
2016 levels and to ensure that 50% of its construction materials are STRONG ESG PERFORMANCE FOR 2016
derived from recycled content, low-carbon sources or certified by
recognised environmental organisations.
AS HIGHLIGHTED IN ITS INTEGRATED SUSTAINABILITY
These long-term ESG goals and targets are aligned with nine
REPORT 2017, CDL ACHIEVED THE FOLLOWING IN 2016:
relevant Sustainable Development Goals (SDGs), and follows
CDL’s initiative as one of the first companies in Singapore to
align its material ESG issues with the SDGs in 2016. It was • 16% reduction in carbon emissions intensity from 2007
estimated that the SDGs will unlock up to US$12 trillion of market levels, on track to meet its 38% target for 2030
opportunities representing around 60% of the real economy.
• 25% reduction in energy use intensity from 2007 levels,
Mr Grant Kelley, CDL CEO said, “Governments and the international achieving its 25% target for 2030 ahead of time
investment community are increasingly holding corporations
accountable for their carbon emissions. 2016 saw the growth of • 15% reduction in water use intensity from 2007 levels,
carbon pricing, particularly in Asia. In Singapore, the government on track to meet its 25% target for 2030
announced in its Budget 2017 that a carbon tax targeting large
direct emitters of Greenhouse Gases will be implemented in 2019. • 100% of office buildings owned and managed by CDL
Businesses can no longer ignore the impact of climate change risks are rated BCA Green Mark GoldPLUS and Platinum
on their bottom line.” — the highest tier certification
For its Integrated Sustainability Report 2017, CDL is the first private • Over 95% of CDL’s existing tenants have signed on to
developer in Singapore to adopt the latest Global Reporting Initiative the CDL Green Lease Partnership Programme
(GRI) Standards for sustainability reporting. The enhanced standards
promote a higher level of disclosure and greater accountability along • More than S$16 million in savings as a result of energy-
CDL’s supply chain to address stakeholders’ concerns. efficient retrofitting and initiatives implemented for eight
office buildings from 2012 to 2016
Through new technology, big data has impacted how companies
communicate with stakeholders. To provide more timely and • Zero fatality and occupational diseases across CDL’s
robust ESG disclosure to its shareholders, investors and partners, operations and direct suppliers in Singapore
CDL has also developed a dynamic digital strategy by launching
a dedicated sustainability microsite www.cdlsustainability.com. • Accident Frequency Rate (AFR) of 0.53 at construction sites
(lower than the 2016 industry average of 1.7) and Zero AFR
Visit the CDL Sustainability microsite to find out more on CDL’s at CDL-managed buildings
sustainability efforts and the full CDL Integrated Sustainability
Report 2017.
17FUTURENOW
EMPOWERING WOMEN
FOR CLIMATE ACTION
Officially launched at the opening of the Singapore future, Women4Green will complement the mission of the
Sustainability Academy, the Women4Green Singapore Sustainability Academy as a hub for knowledge
network, an initiative by CDL, is a platform for sharing, networking and partnership. It will be a specific
platform to bring women together to actively develop ideas,
bringing together women executives in the various
foster growth and engage the community to call for a future
green industries contributing towards climate
where all women and girls have equal opportunities and rights.
action, sustainable business, and social change.
The network currently has ambassadors representing Asia, Europe
Creating and expanding opportunities for women are fundamental and Australasia, and is endorsed by women in leadership positions
to sustainable growth and beneficial to societies and humanity at worldwide.
large. In support of the United Nations Sustainable Development
Goals, global and national climate action, the Women4Green Dr. Noeleen Heyzer, Under-Secretary-General, United Nations
network will harness the collective knowledge and expertise of (2007-2015) said, “Women’s leadership is increasingly indispensable
successful female leaders to empower other women to incite as we seek solutions for a more sustainable human future. It
meaningful change in industries such as green building, technology, is leadership that can help us break out of our silos and move
energy and financing. towards more integrated and long-term thinking. It is leadership
that can harness the idealism of our youth to evoke that vibrant
With a vision to celebrate, inspire and empower women to spirit to move us forward together for an inclusive, sustainable and
create a financially, environmentally and socially sustainable prosperous future.
SCULPTING A
Introduced by CDL since 2002, the biennial award nurtures artistic
talent amongst youths and local artists, fosters greater appreciation
for this art form and enriches Singapore’s cultural landscape through
CIRCULAR
the commissioning of winning works for public display.
Centred on the theme of “Towards Zero-Waste!”, this year’s
ECONOMY
submissions drew inspiration from the concept of a Circular Economy
and Singapore’s vision of becoming a zero-waste nation by 2030.
Through this theme, CDL hopes to shift mindsets and change
behaviour from a linear “take-make-dispose” model to a more
Beyond a builder of living spaces, CDL firmly circular one, in which resources are circulated back into the
believes in being a developer of lives and economy and used for a prolonged period.
communities. The CDL Singapore Sculpture
To encapsulate the spirit of sustainability and the essence of a
Award is part of its long-standing commitment to circular, economy, all design submissions had to utilise residual
support Singapore’s arts and youth development. building materials taken from the Singapore Sustainability Academy
(SSA), including Cross Laminated Timber, Glued Laminated Timber,
and timber decking.
WINNING SUBMISSIONS
The CDL Singapore Sculpture Award is an extension of the Group’s
patronage of the development of arts and youth in Singapore. A
“GROWTH WITHIN”
ST ATE
RY
firm supporter of the arts, CDL has been contributing significantly
C
G N
U G
TE PE
O
D O
EN RY
CA O
MS TOH AH LAN, 56
to the Singapore arts scene for more than a decade and was
T
FULL-TIME ARTIST
accorded the Patron of the Arts award this July. Given out by the
“空 - The Void”
National Arts Council to honour individuals and organisations for
MS JOANNE
LIM SOK HUA, 16
contributing towards the advancement of the Singapore arts scene,
SECONDARY 4 STUDENT CDL has been a recipient of the award since 1997.
SINGAPORE CHINESE
GIRLS’ SCHOOL
18HEARTWORK
CDL employee volunteers in high-spirits undampened by the rainy weather, spreading warmth and good cheer at the Assisi Fun Day.
KAMPONG
Held on 18 June 2017 at St. Joseph’s Institution International
School, staff volunteers from CDL and the subsidiaries rolled up
their sleeves for a good cause through the sale of fun-fair coupons,
FUN FOR A
sponsorship of lucky draw items, and the co-operation of eight
stalls under the CDL group. CDL also rallied the support of its
business associates by taking up hospitality packages, while sister
companies under Hong Leong Group further lent their support
GOOD CAUSE
with ticket purchases.
“I am heartened by the support we received from our staff,
business associates, friends and the community and I would
like to say a heartfelt ‘thank you’ to all who have contributed so
A supporter of Assisi Hospice for more than a generously to this fundraising drive. Every dollar raised will go
towards making a difference to the thousands of patients and
decade, CDL and its subsidiaries Millennium &
care-givers, who benefit from the impactful and far-reaching
Copthorne Hotels plc (M&C) and CBM Pte Ltd work of Assisi Hospice,” said CDL Deputy CEO Mr Sherman Kwek.
raised S$185,607 this year for the Assisi Fun Day,
the Hospice’s biggest annual fundraising event. M&C Hotels, including Copthorne King’s Hotel, Grand Copthorne
Proceeds go towards the Hospice’s target of Waterfront, Orchard Hotel and M Hotel co-operated the food
S$1 million for this year, to support the palliative stalls with CDL. CBM contributed manpower and expertise in
the areas of logistics, cleaning, waste management and security.
care of over 2,000 patients suffering from
Other hotels which contributed to the lucky draw prizes include
cancer and other life-limiting illnesses at the JW Marriott Hotel Singapore South Beach, St. Regis Singapore, M
Hospice yearly. Social Singapore and Studio M Hotel.
GOING THE EXTRA MILE
FOR CHARITY
One of the highlights of the Assisi Fun Day this year was
a new charity segment. On a trishaw, CDL Deputy CEO
Mr Sherman Kwek ferried Sister Florence Wong, from
Franciscan Missionaries of the Divine Motherhood, and Ms
Gracelyn Ng, five-year-old granddaughter of a patient at the
Hospice, to much cheer from the crowd. Donations poured in
and the segment alone raised over S$76,000 for the Hospice.
19HEARTWORK
Mr Grant Kelley, CDL CEO (right), received a token of appreciation from Guest-of-Honour Defence Minister Dr Ng flagged off the initial trishaw ride in the presence of corporate
Minister for Defence Dr Ng Eng Hen (left), as Madam Ho Ching, Patron of Assisi Hospice guests and community partners. In a spontaneous turn of events, he also gave
(centre), looked on. Mr Sherman Kwek and Madam Ho Ching a ride on the trishaw.
CDL Group General Manager Mr Chia Ngiang Hong (extreme right) with staff volunteers The event saw a strong turnout of thousands of members of the public, including many
from M&C Hotels at the Assisi Fun Day. who gave their support at the CDL food stalls.
CELEBRATING
Apart from monetary donations, CDL has always
believed in engaging stakeholders through
active employee volunteerism to complement
FRIENDSHIP
philanthropic giving and deliver greater impact.
Since 1999, CDL’s dedicated employee volunteer
arm, City Sunshine Club (CSC), has been reaching
ACROSS AGES out to help the less fortunate and underprivileged.
Initiatives organised by CSC include food and necessities distribution to elderly
beneficiaries living in one-room rental flats, and a befriending programme, CDL’s
Befriendees, through which the CSC volunteers spread warmth to the elderly by
organising celebratory outings and luncheons.
This year’s CDL’s Befriendees’ annual luncheon was held at M Hotel Singapore on
3 June 2017, and was organised for the elderly from Indus Road, Chai Chee Road
and Jalan Kukoh that CSC volunteers have befriended.
About 20 CDL staff volunteers together with CSC advisors, served lunch to the elderly
and performed evergreen songs which many of the elderly could sing along to. Other
than an exciting Bingo game, there was also a special segment for Mdm Lee Ah Hoong,
an elderly resident from Jalan Kukoh who celebrated her 90th birthday on that day.
CDL Group General Manager and CSC Advisor Mr Chia Ngiang Hong, in
a memorable snapshot with Mdm Lee Ah Hoong, an elderly
beneficiary who celebrated her 90th birthday.
20HEARTWORK
PLEDGING SUPPORT FOR
TOTAL DEFENCE AND NS MARK
On 30 June, CDL participated in the SAF Day
Combined Rededication Ceremony (CRC),
hosted by Singapore Chinese Chamber of
Commerce & Industry (SCCCI).
Held annually since 1 July 1988, the CRC gives employers an
opportunity to pledge support for Total Defence. The CRC also
serves to heighten awareness and remind all employees to give
their fullest support and commitment to National Defence.
At the same time, it is also an opportunity for employers to
recognise employees’ contributions to the security, survival and CDL Chief Strategy Officer and Head, Asset Management Mr Kwek Eik Sheng receiving
independence of Singapore. the Certificate of Appreciation from Minister for Trade and Industry (Trade) Mr Lim Hng
Kiang, who officiated at the West Zone rededication ceremony. (Photo credit: SCCCI)
This year, in celebration of 50 years of National Service (NS), the
CRCs also featured an NS50 Pledge Ceremony. A total of 372
companies, including CDL, signed the NS Mark Declaration of CDL has been supportive towards NS and Total Defence, with
Support — a collective commitment of the employers in support several NS-friendly policies introduced to the workplace to
of our Operationally Ready National Servicemen (NSmen) as enable employees to fulfil NS duties at the highest priority, whilst
they tirelessly preserve and protect the peace of our nation, and various schemes have been implemented to recognise the many
pledging support for NS. contributions made by our NSmen.
SEE YOU
Billed as an alternative to conventional road races, this race, now
into its 23rd edition, has generated a loyal following since its
inception by the NTU Sports Club in 1994, and is indeed a fitting
AT THE TOP
sport for Singapore, a country that is dotted with skyscrapers.
More than 2,000 sports enthusiasts participated in the NVM on 21
May 2017, which took place at South Beach Tower for the very
first time!
Designed by the National Technological University
(NTU) Sports Club as an alternative to conventional 34 levels may not sound like much, but it was not an easy feat as
flat-road marathons, the National Vertical each level of the building features high ceilings and the run to the
Marathon (NVM) is a race that sees its participants top takes runners up 170 vertical metres.
scale the entirety of a skyscraper. It is a sport
But it was all worth it as the participants were treated to the amazing
that befits Singapore, an urban city filled with tall
view of the city’s skyline from the Sky Garden at South Beach Tower.
buildings, and provides a hearty physical challenge
to all participants.
21LIVELIFE
SPA BY
JW OPENS
JW Marriott Hotel Singapore South Beach’s signature Spa by JW offers guests a variety of luxurious and personalised experiences to renew and invigorate the mind and body.
JW Marriott Hotel Singapore South Beach’s From on-demand express treatments that start at a 12-minute
signature spa, Spa by JW is finally here! Opened on entry point, to longer, full-service spa offerings like massage,
facial and nail services, Spa by JW offers an environment where
3 May, the spa offers guests a variety of luxurious
you can enjoy a truly personalised experience that is as effortless
experiences designed to address four core benefit as it is rewarding.
states: Calm, Indulge, Invigorate, and Renew.
To commemorate its opening, Spa by JW is offering a
complimentary 30-minute extension to their 50-minute Signature
JW Marriott Hotel Singapore South Beach is the eighth property Massage, a combination of East Asian remedies and traditional
worldwide to feature a Spa by JW, and the fifth to do so in Asia, movements that boost circulation and promotes relaxation.
after Mumbai Sahar, Bengaluru and Kolkata in India, and Hanoi
in Vietnam. Spa by JW is located at Level 2, East Tower, JW Marriott Hotel
Singapore South Beach. For enquiries or reservations, please call
Spa by JW in Singapore features five treatment rooms, two +65 6818 1939 or email jw.sinjw.spa@marriott.com.
private and two express treatment pods. The spa also includes a
steam room, hot sauna and jacuzzi pool facilities, and a spacious
relaxation lounge where guests can rest after their spa sessions.
Each of the spa’s five treatment rooms is an oasis of serenity where guests can enjoy a Guests can relax in the retail room after their spa sessions while browsing through a variety
range of massages that incorporate a combination of East Asian remedies and techniques. of products such as body creams and aromatherapy oils.
22LIVELIFE
GLAM IT UP
Conveniently accessible from the Esplanade MRT
station and City Hall MRT interchange, South Beach
Avenue houses some of Singapore’s latest wine,
AT SOUTH
dining, nightlife, and beauty concepts. Besides
the dynamic mix of international restaurants,
cafes and drinking holes at South Beach Avenue,
BEACH
customers can also look forward to getting a
beauty fix at Hairpage Underground — a salon
specialising in creative hair colouring and Aesthéa
— a medical aesthetic clinic.
AVENUE Read on to find out more.
HAIRPAGE
UNDERGROUND
WWW.HAIRPAGE.COM.SG
#B1-25 | Mon-Fri: 11am to 9pm,
Sat-Sun: 11am to 7pm
Tel: 6386 6398
At Hairpage Underground, the concept revolves around
creating an underground vibe, where the interior design is
artistic yet has a touch of rawness to it. Within the hidden
and private space, the décor provides clients with a cosy
atmosphere while getting their hair done.
“Hairpage” symbolises each individual’s hair that is like a journal
that keeps adding pages as one ages, while “Underground” is
a reminiscent of the London Underground vibe that the team Uncompromising on quality and paying attention to detail,
is incredibly fond of. Hairpage Underground’s philosophy is to give personalised
care and attention to each customer. Instead of a generic or
The team of stylists are previously from a UK hairdressing mainstream hairstyle, the stylists spend time to understand
company based in Singapore with years of salon experiences the needs of each customer, and then go ahead to offer a
under their belts. They have also conducted seminars as well customised and trendy look based on the type of hair, lifestyle
as done backstage styling for various fashion runway show. and facial features of the individual.
23You can also read
