Penrose are proudly presented by its two developers, Hong Leong Holdings Limited (HLHL) and City Developments Limited (CDL).
Hong Leong Holdings Limited
As a subsidiary of the Hong Leong Group, HLHL was founded in 1968. It has grown and expanded extensively to become a property giant in the real estate industry in Singapore. HLHL aims at providing elegant and cozy prime developments to its clients. Up to late 2019, it has already launched more than one hundred of residential developments and eight commercial properties.
It has a strong track record and earns a huge recognition with numerous well-deserved awards. Its remarkable records comprise Midwood, The Tate Residences, One Balmoral. Moreover, Hong Leong Finance is Singapore’s largest finance company which offers financial products and services such as mortgages and other personal financial products. Hong Leong Holdings Limited is in the strong force in expanding its service and providing the finest.
City Developments Limited (CDL) is a Singaporean-listing real estate company with 103 offices in 29 locations worldwide. Its diverse portfolios encompass numerous projects of residential buildings, offices & hotels, serviced apartments and shopping malls etc.
With 55 years history, CDL has created over 43,000 homes and owns over 18 million square feet of renting floor area globally for its clients. On the other hand, its London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), owns more than 145 hotels in major cities all over the world. With a deep client base and expertise, CDL aims at providing sustainable values to Singaporeans, shareholders and communities. By 2023, CDL expects their fund business to accumulate 5 Billion USD Assets Under Management.
CDL has earned public recognition in 2019, Bloomberg names CDL as the only Singapore real estate management company listed on the global index for two straight years. One of its signature developments New Futura has also won World Gold award in residential (high rise) award of International Real Estate Federation (FIABCI), Construction Excellence Award 2019 – Excellence and Construction Productivity Award (Projects) 2019 – Gold of Building and Construction Authority (BCA).
With this solid company track record, Penrose condo is proudly presented by HLHL & CDL and highly anticipated by the long-awaited investors.
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