United Engineers converts S$333m debt to green loan for private property development
It will be used to develop Dairy Farm land parcel into green housing project of about 450 units
Singapore
UNITED Engineers has converted a S$333 million loan into a green loan for residential property development, the company said in a media statement on Monday.
The company secured the original loan from DBS, OCBC and UOB in November 2018. The green loan will be used to develop a land parcel along Dairy Farm Road into a green residential property comprising about 450 residential units.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US construction spending slips again in April
Chinese developer Poly mulls US$1.7 billion convertible bond sale
China's PSL loans fall but housing support seen in place
Singapore updates framework on liveability to take in changing aspirations and needs
German homeowners, housebuilders pin hopes on ECB rates cut
Hoping to extend the land lease on your private home? Don’t count on it