Hong Leong Holdings (SGX:H78), along with GuocoLand (SGX:F17) and CSC Land Group, secured a green loan worth SG$692 million to fund an eco-friendly town development in Tengah, Singapore, according to a report by the Singapore Business Review on Tuesday.
The consortium intends to use the loan for green infrastructure and ecological integration, the report said.
Tengah forest estate spans around 700 hectares and is the city-state's first new housing board town in 20 years, according to the report. The project will include 860 homes and retail attractions, the report noted.
DBS and OCBC provided the loan, according to the report.
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