Investing in real estate is a strategic decision, and location plays a vital role in its success. This is especially true in Singapore, where the value of properties is heavily influenced by their location. In particular, condos located in central areas or close to important amenities such as schools, shopping centers, and transportation hubs tend to appreciate in value. Areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations, known for their consistent property value growth. Families also prefer these areas because of their proximity to good schools and educational institutions, making condos here even more desirable and attractive for investment. When it comes to real estate, choosing the right location, such as in condos, is crucial for long-term success.
GuocoLand has successfully secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first facility is a $1.135 billion green loan which will be used to refinance Guoco Midtown. The second facility of $105 million will be used to refinance Midtown Bay. These green facilities are in line with the company’s focus on sustainable development and were raised under GuocoLand’s Green Finance Framework.
This $1.135 billion green loan for the refinancing of Guoco Midtown is the largest to date for the property developer. It demonstrates the company’s commitment to incorporating green elements into its projects and promoting sustainability in the built environment.
GuocoLand has secured around $5 billion of green financing to date, which includes green facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development. This further solidifies the company’s position as a leader in sustainable development in the real estate industry.
According to Group CFO of GuocoLand, Andrew Chew, this refinancing activity allows the company to optimize its capital structure while staying true to its commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors.
On the stock market, shares in GuocoLand closed flat at $1.45 on January 15. This reflects the company’s steady growth and positive outlook in the real estate market. With the opening of Porsche Singapore Studio’s duplex showroom at Guoco Midtown and the leasing of 55,000 sq ft to Publicis Groupe at Guoco Midtown office tower, GuocoLand continues to attract high-profile tenants to its developments. The future of work has also come to life at Guoco Midtown’s new Network Hub, which showcases the company’s innovative approach to creating sustainable and dynamic workspaces.
In conclusion, with its successful securing of $1.135 billion green loan and $105 million green facility, GuocoLand has once again proven its dedication to sustainable development and solidified its position as a leader in the real estate industry. Investors can look forward to the company’s future projects and its continued commitment to creating thoughtfully designed and sustainable spaces.