GuocoLand has received a green loan of 367.1 million yuan from DBS Bank for the development of private residential land in Faber Walk.

Guohao Real Estate issued a statement on Tuesday (March 11) to announce the news. The Huabai Trail area was awarded in November 2024 by a consortium composed of GuocoLand, Hong Leong Holdings and TID Residential.

The Huabai Trail Project is close to the Jinwentai area, covering an area of ​​25,795 square meters, and includes nine low-rise residential buildings, with a total of 399 private housing units.

The green loan was conducted under the green finance framework of Guohao Real Estate, further expanding the group's green financing in commercial and residential development projects. Previous green financing projects include Guoco Tower, Guoco Midtown, Midtown Bay, Midtown Modern, Lentor Modern, Lentor Mansion and the upcoming B-level project on the upper section of the Thomson Road.

The statement said that after the completion of the Cabo Trail project, it will receive the Green Mark Platinum (Super Low Energy) award awarded by the Construction Bureau, with a Maintainability Badge. This will be the third project to win the award by Guohao Real Estate.

Further reading

Guohao Real Estate's net profit increased by 13% to RMB 74.6 million in the first half of the year

Guohao Real Estate's net profit increased by 13% to RMB 74.6 million in the first half of the year

The other two winning projects of the group are Lot B, Yuefu Lunting and Thomson Road. Since its launch in March 2024, nearly 94% of the 533 units have been sold. There are 941 units in the B-section project in the upper section of the Thomson Road, and it is planned to launch sales in the second half of this year.