GuocoLand Limited, a prominent Singaporean property developer, has successfully obtained a S$498.6 million green financing facility from DBS and OCBC to facilitate the development of the Lentor Gardens residential site. This initiative demonstrates GuocoLand’s dedication to sustainability and underscores their emphasis on green financing. The funds will be utilized for the construction of the site, which is anticipated to offer a diverse range of housing options and provide social benefits such as a clubhouse facility.
GuocoLand, a renowned property developer in Singapore, has secured a green facility valued at S$498.6 million for the development of the Lentor Gardens site. Situated in the Lentor Hills estate, Lentor Gardens is poised to become an exceptional residential development that embodies modernity and vibrancy. Spanning across 21,866.7 square meters, this 99-year leasehold project will feature a combination of 530 units housed in 16-story towers and low-rise blocks with sky terraces. The project is scheduled for launch in the first half of the year, marking GuocoLand’s third venture in the area.
The construction aims to attain prestigious certifications such as the Green Mark Platinum and Maintainability Badge, reflecting the company’s unwavering commitment to sustainability and environmental responsibility. The project will prioritize the integration and utilization of a substantial amount of green spaces, incorporating sustainable materials and reducing embodied carbon.