It’s the very first green loan for your own group. The profits will be used to partly fund the redevelopment of this resort to some biophilic and zero-waste 347-room resort. Biophilic describes a design theory that strives to incorporate nature with the constructed environment.
Parc Central Residences showflat location is also well linked to the city and other parts of Singapore through its established roads and expressways such as Pan Island Expressway and Tampines Expressway. The Tampines MRT station is also within the vicinity.
UOL claims the 23-storey resort will set a new standard for green hospitality, using its self-sustaining sky terraces with rainwater harvesting systems and solar cells to light the gardens. Other sustainable features include a food waste control system which transforms kitchen waste into nutrient water to heaters which remove the need for plastic bottled water.
In January the resort was given the Building and Construction Authority’s Green Mark Platinum. The award would be Singapore’s greatest environmental accreditation, recognising jobs whose layout and functionality adhere to best practices in ecological sustainability.
UOL Group chief executive Liam Wee Sin stated:”The blue-green loan shows our dedication at greening our urban habitat. Pan Pacific Orchard will give rise to our Government’s vision to change Orchard Road to a green oasis in town”.
Mr Leong Yung Chee, UOB’s head of business banking Singapore, stated:”While the tourism business is now considering the effects of Covid-19, UOL’s move to redevelop the Pan Pacific Orchard will place Singapore nicely for a future in which sustainable tourism has been given more attention.”