Inaugural S$1bil in green bonds to fund new sustainable Singapore HDB projects

The Parc Residences @ Tengah project is among 30 new residential projects that will be financed by proceeds from the first tranche and upcoming green bonds. - HDB

SINGAPORE (The Straits Times/Asia News Network): Some $1 billion in green bonds issued by the Housing Board on Tuesday (March 15) will be used to fund public sector residential and non-residential projects, as the nation moves to tap opportunities in green finance and achieve its sustainability targets.

The first tranche includes the Parc Residences @ Tengah Build-To-Order (BTO) project and Singapore's second "vertical kampung", Heart of Yew Tee, which is also an integrated development, said HDB in a release on Wednesday.