GuocoLand Secures Green Loan Worth SG$367 Million

MT Newswires

03-11

GuocoLand (SGX:F17) secured a green club facility of SG$367.1 million for the development of the Faber Walk site in Singapore, a filing with the Singapore Exchange said on Tuesday.

The land parcel was awarded to the company and joint venture partners, TID and Hong Leong in November 2024.

The loan facility was raised under the company's green finance framework.

The development will comprise 399 residential units across nine low-rise blocks on a 25,795.4 square meter land.

Shares of the property developer were down over 2% in recent trading.

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