A consortium established to develop South Beach, the commercial and lifestyle hub at Beach Road, has successfully secured S$1.6 billion in new funding. The funds will be used to refinance its S$800 million bank loan facility and to finance the construction of South Beach. The five-year secured term loan is provided by a syndicate of banks including DBS, UOB, OCBC, HSBC and Sumitomo Mitsui. The...
