SINGAPORE (Sept 13): Singapore Press Holdings says it has signed a deal for an unsecured four-year loan facility of $280 million for its property unit.

The four-year loan from Oversea-Chinese Banking Corp. will be used by SPH's unit Times Properties for it to provide shareholders’ contributions to for TPPL to provide shareholders’  contributions to Elara 1 and Callisto 1.

SPH announced the award of the tender of the site at Upper Serangoon Road by the Housing & Development Board, to Elara 1 and Callisto 1 on June 21.

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