The turbulence of "STARK" creates a ripple and confidence in the issuance of bonds! At the same time, real estate entrepreneurs are alert to “Green credit” is one of the more alternatives.

Kajornsit Thingsaensern, Chief Executive Officer of Siamese Asset Public Company Limited, said that at present it is more difficult to raise funds for the development of real estate projects due to the economic situation. various uncertainties rising interest rates Recently, the case of "STARK" debentures caused buyers to lose confidence and slow down their purchases.

“The situation has caused the company to focus on finding sources of funds to increase financial liquidity with special interest rates from the development of the Green Living project.”

starting from the design and development process of the project Applying for green loans to housing products for all segments of consumers in the portfolio of "Siamese Asset", in line with the green housing development trend that will play a greater role in the future for long-term sustainable growth. It can be seen that each financial institution approves more green loans. There are metrics for green finance. Makes both large, medium and small businesses have the opportunity to access funding sources more easily.

In such direction, the company has developed the project. Energy-saving and environmentally friendly from start to finish. Recently, the company was awarded EDGE Champion through world-class building certification standards with Certificate ESG100 Company by Thaipat Institute. This led to an application for funding in emerging markets by the International Finance Corporation (IFC), a member of the World Bank Group, taking into account the environmental impact.

There are low-rise and high-rise projects that meet the criteria and receive pre-certification such as Monsane Village, Prannok District, TRIBE Bangkok Sukhumvit 39 Hotel, starting from the design of the internal and external structures. Choosing recycled materials water saving sanitary ware Installing solar panels brings solar energy to circulate during the day. wastewater disposal system, etc., resulting in energy savings of 30-40% and another 6 projects are under construction according to EDGE Champion standards.

Ready to invest 2,000 million baht to develop a hospital for the elderly with 50-60 beds and an elderly care center Daily and regular, 200 beds, both projects provide services in the same area as 445 condominium units, totaling over 3 rai, which are in the process of signing a memorandum of understanding (MOU) with a major hospital business partner in the Nawamin area. The construction is expected to be completed by 2026.

“We expect to receive a long-term corporate loan of at least 10 years with a special interest rate. to develop projects at lower costs than competitors Allowing customers to access housing at a tangible price, such as townhouses priced at 2 million baht, targeting the Affordable group for low-income people. Previously, we had done the Green Lone Project with UOB.”

Earlier, Wasan Srirattanapong, Chief Business Development Officer, Property Perfect Public Company Limited, said that many banks' green finance programs that came out to support those who Consumers, Producers and Green Bond Investors to the green economy

“It is a trend that entrepreneurs must pay attention to. Although the cost will increase But in the long run, it is beneficial to solve Climate Change. Therefore, financial measures will stimulate both supply and demand.”

In the early days, the technology was costly. The fact that the government and related agencies have measures to support will cause more use. Whether it's a solar panel or EV charging in house and condominium projects instead of consumers buying and installing themselves The operator will provide resulting in reduced costs from economies of scale

“When the bank sees the entrepreneur's willingness to do green business, there will be green loans coming in. Including raising funds through Green Bond, which helps reduce financial costs to some extent. as a starting point And plays an important role for entrepreneurs in developing projects to be more green.

Like Apichart Kasemkulsiri, Chief Financial Officer of L.P.N. Development Public Company Limited, sees green loans as a trend that is coming! see clearly

Source:https://www.bangkokbiznews.com/property/1073095

Date 13/06/2023