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uocoLand, a leading real estate developer, has secured two green loans totaling S$1.24 billion ($908 million) from Singapore-based lenders DBS and OCBC. The largest loan of S$1.14 billion will refinance Guoco Midtown, the company's flagship mixed-use development, while an additional S$105 million loan will support Midtown Bay, a luxury residential project.

    The green loans were raised under GuocoLand's green finance framework, which aims to deliver environmental and social benefits through sustainable projects. This framework aligns with global sustainability goals and reinforces the company's commitment to green development. The funding is a significant step towards integrating green financing into large-scale urban developments, setting an example for sustainability-driven growth in the real estate sector.

    GuocoLand has emphasized its dedication to sustainable investment practices by securing close to S$5 billion of green financing to date. This latest achievement highlights the company's commitment to reducing its environmental footprint and promoting eco-friendly development.