GuocoLand, a leading real estate group, announced securing two green loans totalling S$1.24 billion (approximately $907.8 million) from DBS Bank and Oversea-Chinese Banking Corporation (OCBC).

The loans include a S$1.14 billion facility, GuocoLand's largest green loan to date, for refinancing its flagship mixed-use development, Guoco Midtown. Additionally, S$105 million has been allocated to refinance the Midtown Bay luxury residential project.

These loans were obtained under GuocoLand’s green finance framework, which supports refinancing of projects designed to generate significant environmental and social benefits.

(ET)