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$692m green loan secured for project in Tengah's ‘forest' estate
The Straits Times
|June 04, 2025
A green loan of $692 million has been secured for a project in the upcoming Tengah "forest" town, which has been billed as Singapore's first eco-friendly and car-lite green estate.
The loan was secured by a consortium led by Hong Leong Holdings, together with joint venture partners GuocoLand and CSC Land Group.
The loan is anchored by DBS Bank, providing $484 million, with the remainder from OCBC Bank.
The loan will fund the project's green infrastructure and ecological integration efforts, DBS said on June 3.
The Tengah area is divided into five districts and will offer some 42,000 new homes when fully completed. It is bounded by a 100m-wide and 5km-long forest corridor and spans 700ha.
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