{"id":4956,"date":"2020-02-06T12:17:21","date_gmt":"2020-02-06T05:17:21","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4956"},"modified":"2021-06-04T14:51:09","modified_gmt":"2021-06-04T07:51:09","slug":"shwe-taung-group-myanmar-developer-first-green-loan","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/shwe-taung-group-myanmar-developer-first-green-loan\/","title":{"rendered":"Shwe Taung Group obtains Myanmar\u2019s first green loan"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Thanks to the Yangon branches of two Singaporean lenders<\/span><\/p>\n<figure id=\"attachment_4957\" aria-describedby=\"caption-attachment-4957\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-4957\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/02\/shutterstock_1098044135.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/02\/shutterstock_1098044135.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/02\/shutterstock_1098044135-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/02\/shutterstock_1098044135-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4957\" class=\"wp-caption-text\">Junction City Yangon, Myanmar. AMMLERY\/Shutterstock<\/figcaption><\/figure>\n<p>On Wednesday, Myanmar conglomerate Shwe Taung Group revealed that they have secured the country\u2019s first green loan of USD44 million from two Singaporean lender\u2019s Yangon branches, reported the <a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/ocbc-uob-provide-us44m-green-loan-to-myanmar-conglomerate\" target=\"_blank\" rel=\"noopener noreferrer\">Business Times<\/a>.<\/p>\n<p>OCBC Bank provided USD 30 million, while the balance was given by the United Overseas Bank (UOB). The green loan will be used by Shwe Taung Group\u2019s subsidiary, City Square Commercial Company, to refinance the previous loan from the same banks acquired for the Junction City Shopping Centre in downtown Yangon.<\/p>\n<p>The shopping mall is part of the mixed-use development of Junction City, which officially opened in 2017. It includes the Pan Pacific Hotel, serviced residences, and an office tower.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/green-building-singapore-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Singaporean SMEs can now sign up for UOB loans to fund green buildings<\/strong><\/a><\/p>\n<p>The entire development is equipped with green features, like rooftop solar panels, energy-efficient electricity, low energy consuming mechanical systems, and double-glazed glass windows \u2014 all proven to reduce energy consumption by around 15 to 20 percent.<\/p>\n<p>The mixed-use development also comes with a self-sustaining waste treatment to ensure that they maintain the cleanliness in the vicinity.<\/p>\n<p>In January, the Junction City acquired the internationally-recognised Green Mark certification from the Building and Construction Authority in Singapore, which enabled them to receive Myanmar\u2019s first green loan. They are also the first shopping mall in Myanmar to receive such certification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanks to the Yangon branches of OCBC and UOB<\/p>\n","protected":false},"author":9,"featured_media":20456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[613,681,680,193,682],"class_list":["post-4956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","tag-green-buildings","tag-green-financing","tag-green-loan","tag-myanmar","tag-sustainable-developments","news_country-myanmar","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shwe Taung Group obtains Myanmar\u2019s first green loan | Asia Property Awards<\/title>\n<meta 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