• Major Funding Secured: GuocoLand finalized S$1.24 billion ($908 million) in green loans, its largest single green financing to date.
• Environmental Commitment: Funds will refinance projects aligned with GuocoLand’s green finance framework to ensure environmental and social benefits.
• Strategic Developments: The financing supports Guoco Midtown, a mixed-use property, and Midtown Bay, a luxury residential project.

GuocoLand, a prominent real estate developer, has secured two green loans totaling S$1.24 billion ($908 million) from Singapore-based lenders DBS and Oversea-Chinese Banking Corp (OCBC), according to a statement released on Wednesday.

The largest of the two loans, S$1.14 billion, will refinance Guoco Midtown, the company’s flagship mixed-use development. The additional S$105 million loan will refinance Midtown Bay, a luxury residential project within the same area.

Related Article: ICMA Releases New Resources on Sustainability-Linked Bonds, Green Bonds and Sustainability-Linked Loans Financing Bonds

GuocoLand emphasized that these loans were raised under its green finance framework, designed to support projects delivering both environmental and social benefits. The framework aligns with sustainability goals and reinforces the company’s commitment to green development.

“To date, GuocoLand has secured close to S$5 billion of green financing,” the company highlighted, showcasing its dedication to sustainable investment practices.

This funding represents a significant step in integrating green financing into large-scale urban developments, setting an example for sustainability-driven growth in the real estate sector.

Follow ESG News on LinkedIn