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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
Published Mon, May 6, 2019 · 09:50 PM
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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.
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