Developer Details
The Orie is a prestigious development arising from a strategic joint venture between three prominent property developers. City Developments Limited (CDL), Frasers Property, and Sekisui House collaborated to secure the highly coveted Government Land Sales (GLS) site at Lorong 1 Toa Payoh with the top bid. The partnership is structured with CDL holding a 50% stake, while Frasers Property and Sekisui House each hold a 25% share.
City Developments Limited
City Developments Limited (CDL) is a renowned real estate company, listed on Singapore Exchange with a network across 112 locations in 29 countries. Capitalising on the market, it has a diverse portfolio that comprises offices, residential, serviced apartments, hotels, integrated development and shopping malls.
CDL has developed more than 47,000 homes and owns over 23 million square feet in commercial, residential and hospitality assets in their 55 years in real estate investment, development and management.
Apart from shaping the skylines with architectural icons, the Group has changed Singapore's environment with various award-winning eco-friendly buildings. For more than 20 years, CDL has encircled its ideology of "Conserve as we Construct", resulting in game-changing innovations that resulted in resource productivity and efficiency.
CDL being a market leader, was the only developer to be conferred the Quality Excellence Award in 2020 - Quality Champion (Platinum) for seven consecutive years by the Building and Construction Authority (BCA).
Frasers Property
At Frasers Property Limited, the integrated portfolio and services we provide across the property value chain are unified by our commitment to deliver enriching and memorable experiences for our customers and stakeholders. We have businesses in Southeast Asia, Australia, Europe and China, and our well-established hospitality footprint spans more than 80 cities across Asia, Australia, Europe, Middle East and Africa.
Our multi-national businesses operate across five asset classes and have a proven legacy of shaping successful residential, hospitality, retail, commercial and business parks, and logistics & industrial properties, with total assets of S$40.7 billion as at 31 March 2022
We are a sponsor of four vehicles listed on the Singapore Exchange Securities Trading Limited, comprising three REITs focused on retail, commercial & business park, and logistics & industrial properties, and one stapled trust focused on hospitality properties.
Driven by our belief that experience matters, we deliver quality property products and services that meet the ever-evolving needs of businesses and communities. Across all our businesses, an unwavering respect for people, partnerships and collaboration has been the foundation for how we conduct ourselves. We strive to ensure that our products and services are guided by insights into the needs of our customers and create environments that our customers can thrive in.
Our legacy of strong leadership, expertise and integrity, commitment to progress, and belief that experience matters at every moment, are key to our continued success.
With their exceptional past records in property development, owners of The Orie can expect exceptional quality in this highly sought-after location.
Sekisui House
Sekisui House is one of Japan's leading property developers, renowned for its innovative approach to sustainable living and cutting-edge architectural designs. With a legacy spanning over 60 years, Sekisui House has delivered more than 2.5 million homes globally, establishing a reputation for excellence in residential and urban development. The company is committed to creating harmonious living environments that prioritize sustainability, quality, and comfort.
As a key partner in the development of The Orie, Sekisui House brings its expertise in crafting thoughtfully designed spaces that integrate nature and modernity seamlessly. Their dedication to environmental stewardship and community-focused developments ensures that The Orie reflects the highest standards of craftsmanship and innovation.
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