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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

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Ng Ren Jye

Published Mon, May 6, 2019 · 09:50 PM

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.

united engineersResidential property

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