{"id":105873,"date":"2019-04-08T10:17:39","date_gmt":"2019-04-08T03:17:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-clinches-500m-green-loan-for-new-development-projects\/"},"modified":"2019-04-08T11:03:30","modified_gmt":"2019-04-08T04:03:30","slug":"cdl-clinches-500m-green-loan-for-new-development-projects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-clinches-500m-green-loan-for-new-development-projects\/","title":{"rendered":"CDL clinches $500m green loan for new development projects"},"content":{"rendered":"


\n11 Tampines Concourse is the first CarbonNeutral development in Asia Pacific and Singapore. (Photo: CDL)
\nCity Developments Limited (CDL) has secured its first green loans which amounted to $500 million, revealed the property developer in an SGX filing last Friday (April 5).
\nThis comes after DBS Bank, the advisor for the green loan, provided a three-year loan of $400 million, while the Hongkong and Shanghai Banking Corporation Limited (HSBC), which is the loan\u2019s structuring advisor, provided a two-year loan of $100 million.
\nThe first multi-currency green loan secured by a Singapore firm, the loans allow CDL to finance new green development projects in Singapore and abroad.
\n\u201cGreen financing plays a pivotal role in channelling capital to build greener and more climate-friendly infrastructure,\u201d said CDL Group CEO Sherman Kwek.
\n\u201cCDL\u2019s inaugural green bond in 2017 and our new green loans have enabled us to tap on investors and banks that are supportive of our sustainability best practices. With the global shift to a low carbon economy, CDL will continue to explore sustainable financing to develop more green buildings that not only bring economic savings but also benefit occupants and the environment.\u201d
\nCDL revealed that the $100 million raised from its green bond in 2017 was used towards initiatives to enhance water and energy efficiency at Republic Plaza, which is the group\u2019s flagship office building in Singapore\u2019s central business district.
\nThe group\u2019s latest sustainability report revealed that CDL saved over $24 million due to energy-efficient initiatives and retrofitting implemented at eight of its office buildings from 2012 to 2018.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CDL clinches 0m green loan for new development projects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

11 Tampines Concourse is the first CarbonNeutral development in Asia Pacific and Singapore. (Photo: CDL)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105873","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rxD","jetpack-related-posts":[{"id":121772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-mcl-land-secure-847-green-loan-for-two-residential-projects\/","url_meta":{"origin":105873,"position":0},"title":"CDL, MCL Land secure $847 green loan for two residential projects","date":"September 1, 2021","format":false,"excerpt":"\r CDL, MCL Land secure $847 green loan for two residential projectsA 4.5-year $429 million green loan, provided by loan advisor DBS Bank, will be used to finance the development at Northumberland Road. Photo: CDL City Developments Limited (CDL) and MCL Land have secured green loans amounting to $847 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Northumberland-Road-GLS-site-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-dominates-south-east-asia-property-awards-singapore-2016\/","url_meta":{"origin":105873,"position":1},"title":"CDL dominates South East Asia Property Awards (Singapore) 2016","date":"November 25, 2016","format":false,"excerpt":"\r CDL took home the year\u2019s highest honour for Best Developer in Singapore. Property giant City Developments Limited (CDL) emerged as the big winner at the annual South East Asia Property Awards (Singapore) 2016. A total of 20 awards were handed out last night (24 November) at a glitzy gala\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/building-a-green-city\/","url_meta":{"origin":105873,"position":2},"title":"Building a green city","date":"June 23, 2017","format":false,"excerpt":"\r View of Gardens by the Bay, a huge nature park in the city.\u00a0\u00a0 Singapore remains committed to reducing greenhouse gas emissions in the next 10 years. In line with this, several real estate companies are doing their part to build a more sustainable city.\u00a0\u00a0\u00a0\u00a0 By Romesh Navaratnarajah\u00a0 At over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/06\/Ms-Esther-An-670x1024.jpg?fit=670%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-complete-list-south-east-asia-property-awards-singapore-2016-winners\/","url_meta":{"origin":105873,"position":3},"title":"The complete list: South East Asia Property Awards (Singapore) 2016 winners","date":"November 25, 2016","format":false,"excerpt":"\r CDL and subsidiary Novel Developments sweep top honours The annual South East Asia Property Awards (Singapore) 2016 saw 12 of the country\u2019s most innovative developers come together on 24 November at the Shangri-La Hotel ballroom. City Developments Limited (CDL) was presented the year\u2019s highest honour for Best Developer (Singapore),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-posts-8-4-rise-in-q1-revenue\/","url_meta":{"origin":105873,"position":4},"title":"CDL posts 8.4% rise in Q1 revenue","date":"May 12, 2017","format":false,"excerpt":"\r Despite a challenging market, City Developments Limited (CDL) recorded a revenue of SGD783.8 million in Q1 2017, up 8.4% from the SGD723.3 million in the same period a year ago, revealed an SGX filing on Thursday (11 May). \u201cThe increase is attributable to improved performance from the property development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120162,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-pledges-to-achieve-net-zero-carbon-operations-by-2030\/","url_meta":{"origin":105873,"position":5},"title":"CDL pledges to achieve net zero carbon operations by 2030","date":"February 4, 2021","format":false,"excerpt":"\r CDL pledges to achieve net zero carbon operations by 2030City Developments Limited (CDL) is the\u00a0first property developer in Singapore and the first real estate conglomerate within Southeast Asia to sign the\u00a0WorldGBC\u2019s Net Zero Carbon Buildings Commitment. 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