Besides his position as managing director of one of Singapore's largest developers and landlords, Kwek Leng Joo is a long-standing advocate for sustainability and chairman of the Corporate Social Responsibility & Corporate Governance (CSR & CG) Committee. In 2013, City Developments took its place among the Global 100 Most Sustainable Corporations in the World for the fourth consecutive year. CDL was also the most accorded developer at the 2013 Building and Construction Awards, clinching among others the prestigious Quality Excellence Award — Quality Champion (Platinum) for consistently delivering high quality projects. The company, which celebrated its 50th anniversary last year, posted a 48 percent increase in second-quarter net profit to $203.8 million for the quarter ended June 30. Given the expected headwinds in the domestic market, CDL says it will focus on developing its existing overseas businesses. It has three projects in the pipeline in China and is exploring opportunities to invest in the Central London residential market.
Company:City Developments Ltd