KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and property developer IJM Land Bhad (IJM Land) signed a memorandum of understanding (MoU) to launch its new green homeownership programme.
The collaboration will offer green financing packages to prospective homebuyers to encourage the purchase of IJM Land’s green-certified properties.
OCBC Bank is the first foreign bank to collaborate with IJM Land. The new OCBC Green Home Financing scheme is designed for purchasers of IJM Land’s eco-friendly homes, offering competitive financing rates and fast turnaround upon approval.
IJM Land chief operating officer Datuk Tony Ling and OCBC Bank strategy and transformation office head Saw Poh Hoon were present at the signing.
“In our continuing efforts to incorporate all our developments with sustainable design, it is now mandatory for every IJM Land’s residential project to be green-certified. At the core of our commitment to sustainability is achieving net-zero carbon emissions by 2050, an ideal that is shared by our home financing partner, OCBC Bank,” IJM Land chief executive officer Datuk Wong Tuck Wai said.
OCBC Bank consumer financial services head Anne Leh noted that the partnership enables the bank to reach out to those seeking a sustainable home financing scheme.
“We believe this synergistic collaboration will help to shape the industry for a more sustainable future. Along with the competitive rates being offered through our OCBC Home Financing scheme, we have placed on the table, until the end of January next year, the added incentive of a cashback programme that rewards customers for embracing environmental sustainability.
“This complements OCBC Bank’s other existing offers on IJM Land's sustainably designed properties across the Klang Valley, Penang, Negeri Sembilan, Johor, Sabah and Sarawak,” Leh said.
IJM Land has also recently launched its Make A Difference (MAD) campaign to promote sustainability.
Prospective homeowners can participate in the MAD campaign, which runs until Dec 31, 2023 through a series of events organised to collect over 40,000kg of recyclables, the goal of 40 million collective healthy steps to promote a reduction in carbon footprint, and the distribution of 4,000 plants.