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GuocoLand Secures SG$634.7 Million Funding to Develop Lentor Central Site in Singapore

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GuocoLand (SGX:F17) has secured a SG$634.7 million green club facility from Oversea-Chinese Banking Corporation (SGX:O39) and Industrial and Commercial Bank of China's ( HKG:1398, SHA:601398) Singapore branch, according to a Thursday filing to the Singapore bourse.

The financing is aligned with GuocoLand's Green Finance Framework and will fund the future residential development at its Lentor Central site, which was awarded in March.

The Lentor Central project is expected to be launched in the first half of 2027.

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