The loan is for the development of the Faber Walk site GuocoLand won last November with partners TID and Hong Leong Holdings

GuocoLand has secured a $367.1 million green club facility loan from DBS Bank for the development of the Faber Walk site. 

The land parcel was awarded to GuocoLand F17 and its joint venture partners TID and Hong Leong Holdings last November.

The latest green facility for the future development at the Faber Walk site, raised under GuocoLand’s Green Finance Framework, adds to its existing green facilities across its commercial and residential developments such as Guoco Tower, Guoco Midtown, Midtown Modern, Midtown Bay, Lentor Modern, Lentor Mansion, and the upcoming development at Upper Thomson Road.

When completed, the Faber Walk development will achieve the Building and Construction Authority’s Green Mark Platinum (Super Low Energy) award with Maintainability badge. This will be GuocoLand’s third development to attain the award.

According to GuocoLand, this development will comprise 399 residential units across nine low-rise blocks on a 25,795.4 sqm land plot.

It is located in the Faber Walk landed private residential enclave and the neighbouring Faber Hills estate. It will be situated next to the Pandan River alongside the upcoming Old Jurong Line Nature Trail.

"This project will again reinforce GuocoLand’s commitment to developing green and sustainable developments with purposeful designs that balance the needs of its residents and environmental factors," says GuocoLand.

“We are excited to bring GuocoLand’s brand of luxury living to the West of Singapore with our latest project in Faber Walk," says Dora Chng, GuocoLand's residential director.

"We look forward to leveraging the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs for our residents, similar to our previous successful launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate," she adds.