GuocoLand secures $367.1m green loan for Faber Walk project

The 399-unit project will span 25,795.4 sqm.

GuocoLand has secured a $367.1m green loan from DBS Bank to fund its residential development at Faber Walk.

The land parcel, awarded to GuocoLand and its joint venture partners TID Pte. Ltd. and Hong Leong Holdings Limited in November 2024, will house a 399-unit residential development across nine low-rise blocks. Spanning 25,795.4 sqm, the site is located within the Faber Walk landed enclave and the Faber Hills estate.

The waterfront project, situated along the Pandan River and adjacent to the upcoming Old Jurong Line Nature Trail, is positioned within the new Clementi Nature Corridor. The development will target the Building and Construction Authority’s Green Mark Platinum (Super Low Energy) certification with a Maintainability badge, making it GuocoLand’s third project to achieve this sustainability milestone.

The loan was raised under the company’s Green Finance Framework, adding to its sustainable financing portfolio.

Near Jurong Lake District and the International Business Park, the site will have direct access to the upcoming Jurong Town Hall MRT station, one stop from Jurong East Interchange.

“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,” said Residential Director Dora Chng.