GuocoLand secures S$619.3 million green loan for River Valley Green development
The green loan was jointly provided by UOB, Bank of China's Singapore branch and OCBC under GuocoLand's Green Finance Framework.
This is the latest in a string of green financing initiatives the developer has tapped for its portfolio of integrated and sustainable developments.
The 99-year leasehold site, awarded to GuocoLand in February 2025, is strategically located next to Great World MRT station on the Thomson-East Coast Line. Spanning 11,736 square metres, the site offers direct access to Kim Seng Park and the Singapore River. The development will feature about 455 residential units across two towers, as well as commercial shops on the ground floor.
Dora Chng, GuocoLand's residential director, said: 'With direct connectivity to the Thomson-East Coast Line, residents of the future development at River Valley Green will have convenient access to all parts of Singapore, in addition to enjoying the wide selection of shopping and dining options right at their doorstep.'
She added: 'Residents can also look forward to scenic views of the city and of Singapore River, as well as GuocoLand's signature features such as lush landscaping and efficient, generous layouts that enhance the liveability of the development.'
Upon completion, the development is set to achieve the Building and Construction Authority's Green Mark Platinum (Super Low Energy) certification with Maintainability Badge, which signifies a building's exceptional energy efficiency and commitment to sustainable design, construction and operation, with a focus on ease of maintenance.
This project adds to GuocoLand's expanding pipeline of green-certified developments. The developer has already secured green financing for its integrated mixed-use projects such as Guoco Tower and Guoco Midtown, and high-end residences including Lentor Modern, Lentor Mansion, and the upcoming Springleaf Residence and Faber Walk development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
3 days ago
- Business Times
STI falls on Friday, in tandem with most regional indices; STI down 0.3%
[SINGAPORE] The Straits Times Index (STI) closed lower on Friday (Jul 25), mirroring most regional indices. The STI fell 0.3 per cent or 11.99 points to 4,261.06. Across the broader market, advancers outnumbered decliners 335 to 245 after 2.2 billion shares worth S$1.8 billion changed hands. The trio of local banks closed lower on Friday, with DBS down 0.3 per cent or S$0.15 at S$49.06. UOB dropped 0.6 per cent or S$0.21 to S$37.15 and OCBC ended 0.5 per cent or S$0.09 lower at S$17.18. City Developments was the top gainer on the STI, closing up 2.9 per cent or S$0.18 at S$6.38. The biggest loser was Sembcorp Industries closing down 1.5 per cent or S$0.12 at S$7.72. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Across the region, major indices were mostly down, with only the Kospi up 0.2 per cent and the Nikkei 225 down 0.9 cent. Hong Kong's Hang Seng Index closed down 1.1 per cent and the KLCI down 0.4 per cent. The markets are turning cautious as the US and China enter trade talks next week in Stockholm, Sweden, said Stephen Innes, managing partner at SPI Asset Management Officials will try to stitch a deal together before the Aug 12 expiry, and there are some tricky issues to navigate namely Chinese industrial overcapacity and relief on export controls and access to more AI components. The 15 per cent tariff pact between Japan and the US is aiding the White House narrative that tariffs are levers and not a lid, he added. 'The fact that Beijing just suspended its antitrust probe into DuPont's China unit may be more than a token – it may be a breadcrumb along the path to détente,' said Innes.
Business Times
3 days ago
- Business Times
BT's new Sustainability Impact Dialogue seeks to spark change for good
[SINGAPORE] As sustainability grows more urgent, so does the need for deeper, action-oriented conversations. The inaugural Sustainability Impact Dialogue aims to help fill that gap. Held at SPH Media's Studio+65, the four-part series is a new extension of the Sustainability Impact Awards (SI Awards), now in its third edition and jointly organised by The Business Times and UOB. The first session, themed 'Navigating Sustainability Forward', will take place on Jul 22 and will feature Dr Amy Khor, former senior minister of state for sustainability and the environment, and Eric Lim, UOB's chief sustainability officer. Moderated by BT editor Chen Huifen, the dialogue will explore how businesses are moving beyond compliance and positioning sustainability as a driver of innovation, resilience, and brand value. While the first session is a closed-door event with a small audience, which includes C-suite leaders from corporates, a post-event coverage will be published in BT for those interested in the key insights and discussions. The goal of the dialogue, said Lim, is to 'turn conversations into changes for a better future' by spotlighting emerging trends, encouraging the exchange of best practices, and fostering cross-sector collaboration. A NEWSLETTER FOR YOU Friday, 12.30 PM ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up We have other newsletters you might enjoy. Take a look. 'Sustainability is a shared responsibility, and progress happens when we work together with our partners with purpose,' he said. Both BT and UOB hope to catalyse real action by convening sustainability experts, business leaders, policymakers and community advocates. The dialogue series complements the SI Awards, which was launched in 2023 to recognise individuals and businesses in Singapore that have made significant contributions to the country's environmental and social sustainability. The Centre for Governance and Sustainability at the NUS Business School is knowledge partner of the awards. Dr Khor, known for spearheading policies such as the Zero Waste Masterplan, the charge on single-use bags, and improvements to hawker centres, will chair this year's judging panel. Awards will be presented at the SI Awards 2025 Dinner in late September across three main categories: large enterprises, small and medium-sized enterprises, and individuals. Following the first session in July, the dialogue will continue with a second event on Aug 21, with the final two scheduled for September and November. Further details will be announced in due course. Those who are interested in attending future sessions of the dialogue may register their interest by sending an e-mail to smlin@ More information on the SI Awards is available at
Straits Times
3 days ago
- Straits Times
Singapore shares continue to climb on strong sentiment, tracking regional indexes; STI up 1%
Find out what's new on ST website and app. The Straits Times Index was up by 1 per cent or 41.77 points to 4,273.05. SINGAPORE – Growing optimism that new deals struck with the US will bring stability to the global trading system spurred buying here and across the region on July 24. The buoyant sentiment lifted the Straits Times Index (STI) by 1 per cent or 41.77 points to 4,273.05. Trading volumes were solid with 2.4 billion shares worth $1.9 billion changing hands while gainers outnumbered losers 356 to 223. The banks were among the big winners here with DBS up 2.2 per cent to $49.21 while UOB added 0.3 per cent to $37.36 and OCBC advanced 0.3 per cent to $17.27. ST Engineering was the STI's top gainer, up 7.1 per cent to $8.86; Hongkong Land was the biggest loser, down 2.2 per cent to US$6.19. Key regional bourses were mostly on the same page as the STI. South Korea's Kospi rose 0.2 per cent, the Nikkei 225 in Tokyo advanced 1.6 per cent, Hong Kong's Hang Seng added 0.5 per cent and Malaysian shares gained 0.7 per cent. Australia was the outlier, with the ASX 200 down 0.3 per cent on concerns about delayed interest rate cuts. Top stories Swipe. Select. Stay informed. Asia Live: People evacuated from border regions amid deadly Thailand-Cambodia clash Asia 11 Thai civilians killed as Thai and Cambodian militaries clash at disputed border: Reports Singapore Khatib Camp to make way for housing, with its functions moving to Amoy Quee Camp Singapore First BTO flats in Greater Southern Waterfront, Mount Pleasant to go on sale in October Singapore Primary 1 registration: 29 schools to conduct ballot in Phase 2B Asia 'Vampire coach': Coercive blood sampling in school casts spotlight on Taiwan's culture of obedience Singapore 1,300 names, addresses of traffic offenders published online; police investigating Singapore Boy, 15, charged after being caught with vapes 5 times; ordered to stay 2 years in S'pore Boys' Home Wall Street kept powering ahead overnight, driven by the deal made with Japan and promising talks with the European Union (EU). The S&P 500 climbed 0.8 per cent to a third straight record while the Nasdaq advanced 0.6 per cent to end above 21,000 points for the first time. The Dow closed a fraction shy of the high set in December. Traders are optimistic that the worst-case tariff scenarios may have been priced too pessimistically, said SPI Asset Management managing partner Stephen Innes. The Japan deal cut tariffs on imports to 15 per cent, rather than the 25 per cent that US President Donald Trump had earlier threatened.
