GuocoLand, one of Singapore’s leading property developers, has recently announced securing two green facilities from two major banks in the country. The first green facility, amounting to $1.135 billion, will be used to refinance its iconic development, Guoco Midtown. This marks the largest green facility secured by GuocoLand to date. The second green facility is worth $105 million and will be used to refinance Midtown Bay, another development by the company.
These green facilities have been obtained through GuocoLand’s Green Finance Framework, which reflects the company’s commitment to incorporating sustainability into their developments. With these latest additions, the company has secured a total of $5 billion in green financing, including facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and its upcoming Upper Thomson Road Development.
According to Andrew Chew, Group CFO of GuocoLand, this refinancing activity allows the company to optimize their capital structure while remaining true to their commitment of creating thoughtfully designed spaces that balance economic, environmental, and social factors. This aligns with the company’s vision of sustainable development and responsible business practices.
When it comes to real estate investments, location is a crucial factor that cannot be overlooked. This is especially true in Singapore, where the value of properties is greatly influenced by their geographical positioning. Condos located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to have higher appreciation rates. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown significant growth in property values. Furthermore, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, making them even more desirable for investment. To maximize investment potential, consider investing in a well-located condo in Singapore.
Shares of GuocoLand closed at $1.45 on Jan 15, maintaining its steady performance. The company has also recently made headlines for opening a duplex showroom at Guoco Midtown and leasing 55,000 sq ft of office space to Publicis Groupe, a global advertising and public relations company, in the same development. With its commitment to sustainability and innovation, GuocoLand is paving the way towards a greener and more sustainable future.