{"id":116529,"date":"2020-05-20T09:45:08","date_gmt":"2020-05-20T02:45:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-obtains-730mil-green-loan-for-tan-quee-lan-street-mixed-development-project\/"},"modified":"2020-05-20T11:13:47","modified_gmt":"2020-05-20T04:13:47","slug":"guocoland-obtains-730mil-green-loan-for-tan-quee-lan-street-mixed-development-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-obtains-730mil-green-loan-for-tan-quee-lan-street-mixed-development-project\/","title":{"rendered":"Guocoland obtains $730mil green loan for Tan Quee Lan Street mixed-development project"},"content":{"rendered":"


\nThe new mixed-development project at Tan Quee Lan Street will be situated right above the Bugis MRT interchange station. Photo: Midtown Bay
\nGuocoLand via its indirect subsidiaries, MTG Apartments and MTG Retail, has secured a $730 million green club loan from DBS Bank, OCBC Bank and ICBC Singapore Branch for the development of a 30-storey luxury residential cum commercial project at Tan Quee Lan Street, according to press release\u00a0by GuocoLand.\u00a0
\nThis marked GuocoLand\u2019s first green loan as well as the industry\u2019s biggest green loan for a development project within Singapore to date.
\nProceeds will go towards financing the project, which include efforts in sustainable development, energy and water conservation as well as the adoption of urban greenery and landscaping.
\nA joint venture between GuocoLand and two of Hong Leong Holdings subsidiaries \u2013 Intrepid Investments and Hong Realty (Private) Limited \u2013 the new mixed-development project at Tan Quee Lan Street will be situated right above the Bugis MRT interchange station. It will feature two residential towers, with over 500 luxury apartment units and a retail podium that comes with food and beverage establishments.
\nTogether with OCBC Bank which served as the sole green financing advisor, GuocoLand developed a green loan framework for the evaluation of the new mixed-development project\u2019s eligibility as a green project based on its sustainability objectives and management of the loan proceeds.
\n\u201cClimate change is one of the biggest challenge of our times. Our developments are always conceived, developed and managed with sustainability principles as the foundation. We were one of the first real estate developers to receive the BCA Green Mark Platinum award, and Guoco Tower was one of the earliest integrated developments in Singapore to receive both Green Mark Platinum and LEED Platinum certifications,\u201d said Cheng Hsing Yao, Group Managing Director of GuocoLand Singapore.
\n\u201cOur latest projects, Guoco Midtown and Midtown Bay, have been awarded the BCA Green Mark Platinum award this year and we are proud to continue developing buildings that are grounded on sustainability principles in the future, including this new development at Tan Quee Lan Street,\u201d he added.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Guocoland obtains 0mil green loan for Tan Quee Lan Street mixed-development project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new mixed-development project at Tan Quee Lan Street will be situated right above the...<\/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-116529","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-ujv","jetpack-related-posts":[{"id":116527,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-obtains-730mil-green-loan-for-tan-que-lan-street-mixed-development-project\/","url_meta":{"origin":116529,"position":0},"title":"Guocoland obtains $730mil green loan for Tan Que Lan Street mixed-development project","date":"May 20, 2020","format":false,"excerpt":"\r The new mixed-development project at Tan Que Lan Street will be situated right above the Bugis MRT interchange station. Photo: Midtown Bay GuocoLand via its indirect subsidiaries, MTG Apartments and MTG Retail, has secured a $730 million green club loan from DBS Bank, OCBC Bank and ICBC Singapore Branch\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-midtown-bay-for-sale-this-saturday\/","url_meta":{"origin":116529,"position":1},"title":"GuocoLand to launch Midtown Bay for sale this Saturday","date":"October 2, 2019","format":false,"excerpt":"\r The only residential launch within an integrated development in the central business district (CBD) in the coming year, it will also have 40 duplex units, that can be adapted from a 2+1 apartment into two one-bedroom units, each on different floors. Midtown Bay, GuocoLand\u2019s 33-storey residential tower, is set\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-unveils-expansion-plan-for-guoco-midtown-master-project-to-include-a-second-residential-project\/","url_meta":{"origin":116529,"position":2},"title":"GuocoLand unveils expansion plan for Guoco Midtown Master Project, to include a second residential project","date":"August 21, 2020","format":false,"excerpt":"\r Known as Midtown Modern, the condominium will come with 500 apartment units. Photo: Midtown Bay GuocoLand has unveiled plans for Guoco Midtown II, an expansion of Guoco Midtown. The\u00a0mega mixed-use development along Beach Road will also come with the inclusion of a second residential project known as Midtown Modern\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-tender-for-three-sites\/","url_meta":{"origin":116529,"position":3},"title":"URA awards tender for three sites","date":"September 13, 2019","format":false,"excerpt":"\r The tenders for three sites at Tan Quee Lan Street, Bernam Street and one-north Gateway have been awarded to the highest bidders, revealed the Urban Redevelopment Authority on Thursday. The 11,530.8 sq m site at Tan Quee Lan Street was awarded to a consortium comprising GuocoLand, Intrepid Investments and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110537,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-north-gateway-site-attracts-9-bids-2-other-sites-receive-poor-response\/","url_meta":{"origin":116529,"position":4},"title":"One-north Gateway site attracts 9 bids, 2 other sites receive poor response","date":"September 6, 2019","format":false,"excerpt":"\r Head of research for Singapore at Colliers International attributed the poor response to concerns of increased competition that may arise from the CBD Incentive Scheme unveiled in the URA Draft Master Plan 2019. The tender results for three sites at Tan Quee Lan Street, Bernam Street and one-north Gateway\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tan-quee-lan-site-to-be-hotly-contested\/","url_meta":{"origin":116529,"position":5},"title":"Tan Quee Lan site to be hotly contested","date":"April 1, 2019","format":false,"excerpt":"\r Located in the heart of Bugis, the 99-year leasehold site is expected to yield up to 580 housing units. An 11,530.9 sq m site at Tan Quee Lan Street was launched for sale on Friday (29 Mar) under the confirmed list of the first half 2019 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116529"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116529"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116529\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}