GuocoLand bags $498.6m funding for Lentor Gardens site development

It secured funding from DBS Bank and OCBC.

GuocoLand Limited has secured a $498.6m green facility from DBS Bank and OCBC to support the development of the Lentor Gardens site.

GuocoLand has secured $2.9b of green financing to date, following the addition of the green facility from DBS and OCBC.

The Lentor Gardens development marks an important milestone for GuocoLand, as it will be the first residential project to achieve the Green Mark Platinum (Super Low Energy) with Maintainability Badge certification by the Building and Construction Authority (BCA). 

Lentor Gardens will feature on-site renewable energy sources and will utilise sustainable materials that reduce the amount of embodied carbon.