CDL’s Kwek clan looks to invest US$3.9b in Singapore, China, Japan to raise confidence

City Developments (CDL), a Singapore property group controlled by the Kwek family, has announced plans to invest S$5 billion (US$3.9 billion) across Singapore, China, and Japan by the year 2029.

The investment strategy is part of a broader set of measures designed to rebuild investor confidence following a recent internal feud within the controlling family clan.