Green finance picks up among developers as CapitaLand, Tong Eng sign loans
CapitaLand's first three green loans in India total 17b rupees; Tong Eng secures S$71m green Sora-based loan
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Singapore
GREEN loans have been gaining popularity among Singapore property developers as more look towards green financing to support sustainability-related properties.
CapitaLand on Wednesday said it obtained its first three green loans in India totalling 17 billion rupees (S$323 million) from DBS Bank India and HSBC India.
Proceeds from the green loans will be used to finance the development of the property giant's green-certified business park developments in Chennai, Gurgaon and Pune.
DBS provided two out of the three green loans: a 4.5-year 6.25 billion rupee green loan which will be used to finance t…
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