{"id":116996,"date":"2020-06-09T10:15:56","date_gmt":"2020-06-09T03:15:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-secures-350mil-green-loan-for-its-executive-condo-project\/"},"modified":"2020-06-09T11:03:04","modified_gmt":"2020-06-09T04:03:04","slug":"frasers-property-secures-350mil-green-loan-for-its-executive-condo-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-secures-350mil-green-loan-for-its-executive-condo-project\/","title":{"rendered":"Frasers Property secures $350mil green loan for its executive condo project"},"content":{"rendered":"


\nObtained via its subsidiary, Fernvale Lane, the loan marked the group\u2019s tenth green financing initiative and the first green loan for an EC development in Singapore. Photo: Mr Loo Choo Leong, CFO of Frasers Property. Credit: Frasers Property Limited.
\nFrasers Property on Tuesday (9 June) announced that it has secured a $350 million green loan from OCBC Bank, Malayan Banking Berhad and DBS Bank to fund the development of its Fernvale Lane executive condominium (EC).
\nObtained via its subsidiary, Fernvale Lane, the loan marked the group\u2019s tenth green financing initiative and the first green loan for an EC development in Singapore.
\nFernvale Lane is 80% owned by Frasers Property\u2019s fully-owned subsidiary, while the remaining 20% is owned by CSC Land Group (Singapore).
\nFernvale Lane is set to develop an EC with about 500 units at the Fernvale Lane site \u201cthe group won in a Government Land Sale exercise in March 2020\u201d, said Frasers Property in a release.
\nThe EC development targets to obtain BCA Green Mark GoldPLUS upon its completion. The site is located near the Seletar Aerospace Hub as well as the upcoming Punggol Digital District.
\nRelated story:\u00a03 Reasons Why Sengkang\u2019s Fernvale Lane EC is one to Watch
\n\u201cOur Group is a key participant in the fast-evolving green financing market in the region because we have been quick to recognise the support from financial institutions for green financing. Including this latest green loan, as a Group, we have raised around S$42 billion in green financing to date,\u201d said Loo Choo Leong, Group Chief Financial Officer of Frasers Property.
\n\u201cTapping the green loan market is not only an integral part of our capital management strategy, but a natural extension of our business focus on sustainability, and we intend to keep adding to Frasers Property\u2019s track record of raising green financing.\u201d
\nIn September 2018, Frasers Property raised its first green financing \u2013 also the first syndicated green loan in Singapore and Southeast Asia \u2014 to refinance Frasers Tower. It subsequently obtained the \u201cfirst corporate syndicated green loan in Australia as well as Singapore\u2019s first green loan with pricing structure linked to BCA Green Mark\u201d.
\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…Frasers Property secures 0mil green loan for its executive condo project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Obtained via its subsidiary, Fernvale Lane, the loan marked the group\u2019s tenth green financing initiative...<\/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-116996","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-ur2","jetpack-related-posts":[{"id":114864,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tender-for-fernvale-lane-ec-site-to-frasers-property\/","url_meta":{"origin":116996,"position":0},"title":"HDB awards tender for Fernvale Lane EC site to Frasers Property","date":"March 12, 2020","format":false,"excerpt":"\r Here\u2019s why the site is one to watch. Photo: Google The Housing and Development Board has awarded the tender for an executive condominium (EC) site at Fernvale Lane to Frasers Property, or FCL Lodge Pte Ltd, after it submitted the highest bid of $286.5 million. Launched for sale on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-closes-tender-for-canberra-drive-and-fernvale-lane-sites\/","url_meta":{"origin":116996,"position":1},"title":"URA closes tender for Canberra Drive and Fernvale Lane sites","date":"March 4, 2020","format":false,"excerpt":"\r Parcels A and B received five and four bids respectively, while the EC site at Ferndale Lane was hotly-contested, with seven bids. The tender for two private residential sites in Canberra Drive (Parcels A and B) and an executive condominium (EC) site in Fernvale Lane closed on Tuesday (3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121666,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-greenwich-opens-for-e-application\/","url_meta":{"origin":116996,"position":2},"title":"Parc Greenwich opens for e-application","date":"August 26, 2021","format":false,"excerpt":"\r 496 units are available at Parc Greenwich\u00a0and comprise\u00a0two- to five-bedders\u00a0between 786 sq ft and 1,464 sq ft, as well as penthouses which range between 990 sq ft\u00a0to 1,679 sq ft. Source: Frasers Property Parc Greenwich, a 496-unit joint residential development project of Frasers Property and CSC Land Group, will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/parc-greenwich-condo-landscape-facade-artist-impression-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-greenwich-sells-65-of-units-over-launch-weekend\/","url_meta":{"origin":116996,"position":3},"title":"Parc Greenwich sells 65% of units over launch weekend","date":"September 14, 2021","format":false,"excerpt":"\r Parc Greenwich sells 65% of units over launch weekendAll the 2-bedroom and 5-bedroom apartments were fully sold, while the 3-bedroom units sold 220 of its 370 units. The 4-bedroom apartments also sold 74 out of its 98 units. Photo: Frasers Property Parc Greenwich, an executive condominium (EC) development next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Parc-Greenwich-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-centrepoints-q3-net-profit-falls-15-1-on-lower-development\/","url_meta":{"origin":116996,"position":4},"title":"Frasers Centrepoint\u2019s Q3 net profit falls 15.1% on lower development","date":"August 8, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Parc Life EC in Sembawang. Frasers Centrepoint Limited (FCL) saw its net profit for the third quarter ended 30 June 2016 drop 15.1 percent to S$154 million, while revenue fell 32.5 percent to S$682.1 million. The group attributed the declines to lower contributions from its development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eye-on-fernvale-the-new-kid-on-the-block\/","url_meta":{"origin":116996,"position":5},"title":"Eye on Fernvale: The new kid on the block","date":"November 23, 2017","format":false,"excerpt":"\r View of the Thanggam LRT station in Fernvale. (Photo: Christopher Chitty) Fernvale is the Sengkang area\u2019s newest neighbourhood, and it shows.\u00a0 By Joanne Poh Pristine new HDB flats reach for the sky, and the new Seletar Mall, opened just three years ago, proudly boasts the very first cineplex in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/Eye-on-Fernvale-1024x275.png?fit=1024%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116996"}],"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=116996"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}