GuocoLand bags $847m green loan to fund Upper Thomson development

It plans to develop a 941-unit residential project on the site.

GuocoLand has secured a $847.1m green club facility to fund its development of the Upper Thomson Road (Parcel B) site.

United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited and DBS Bank were arrangers for GuocoLand’s latest green facility.

The green facility was raised under its Green Finance Framework established in 2023.

The developer will build a 941-unit residential project on the 32,023.7 square metres site. The development will comprise five 25-storey towers. It aims to launch the project in 2025.

Upon completion, the development will be GuocoLand’s second to receive the BCA’s Green Mark Platinum (Super Low Energy) award with a Maintainability badge after Lentor Mansion.

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