BANGKOK, Jun 15, 2021–(BUSINESS WIRE)–UOB Thailand today announced it has provided Asia Capital Real Estate (ACRE) with a 675 million baht green loan to develop HOMA Phuket Town, an environmentally-friendly affordable residential rental apartment complex in Phuket. The loan was approved under the UOB Real Estate Sustainable Finance Framework, which is the first lending framework by a Singapore bank dedicated to supporting sustainability-related projects in Asia’s real estate sector.
HOMA Phuket Town is a 505-unit rental housing development with features such as solar panels, energy-efficient appliances, LED lighting, advanced air quality monitoring and efficient air conditioning. Designed to meet the green building standards of Excellence in Design for Greater Efficiencies (EDGE Advanced) established by the International Finance Corporation (IFC), the project aims to achieve more…
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