Commercial & Industrial Property News Update

Singapore - CDL Unveils Singapore's Greenest Hotel

October 4, 2012

New luxury hotel W Singapore - Sentosa Cove is the first new hotel to be awarded the Green Mark Platinum Award, said City Developments Limited (CDL).

Property developer CDL upped its corporate sustainability ante with the unveiling of its new luxury hotel, W Singapore - Sentosa Cove.

The developer claims that W Singapore is the greenest hotel in Singapore and is the only new hotel in the country to be awarded the Green Mark Platinum Award - the highest rating tier for green buildings awarded by the Building and Construction Authority.

CDL said that it spent about 3.5% of the property's total development costs on environmentally sustainable features. The developer declined to reveal the total development cost of W Singapore.

Green features incorporated into the property include a rainwater catchment system that collects rainwater for the watering of some 5,700 sq m of the hotel's plant area, saving 15,000 cubic metres of water and about SGD 22,000 in operational costs annually.

The hotel also installed energy-efficient air-conditioning systems that bring down operational costs by a further SGD 560,000 per year.

"Corporate social responsibility is increasingly no longer nice to have, but a must-have for is long term sustainability and new growth opportunities for companies," said CDL's managing director Kwek Leng Joo.

"It is indeed a global business trend for companies to deliver - not just good financial bottomline, but also social and environmental results, as businesses are increasingly assessed by investors and stakeholders on their triple bottomline," he added.

Tags: Commercial real estate, Shop for rent, Income properties

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