GuocoLand Secures Green Loan Worth SG$367 Million

MT Newswires
11 Mar

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10