CDL and MCL Land jointly secure green loans totalling S$847 million for two upcoming residential developments

City Developments Limited (CDL) and MCL Land are pleased to announce the successful securing of green loans amounting to S$847 million for the financing of two upcoming developments in Singapore, under a 50:50 joint venture (JV). Earlier in May this year, CDL and MCL Land were awarded two Government Land Sales (GLS) plots at Northumberland Road and Tengah Garden Walk Executive Condominium (EC), having placed the top bids at both sites. The 4.5-year S$429 million green loan financing package for Northumberland Road is provided by DBS Bank Ltd. (DBS), the…

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