Press Release: OCBC Bank And IJM LAND Sign Pact To Promote Green Home Ownership
Kuala Lumpur, 1 November 2023 – OCBC Bank (Malaysia) Berhad (OCBC Bank) and IJM Land Berhad (IJM Land) have embarked on a strategic tie-up to promote sustainable living through a green home ownership programme that rewards purchasers for their ESG orientation.
The Memorandum of Understanding (MoU) was signed at a ceremony today attended by representatives from both parties.
The collaboration sets out to both encourage and enable prospective homebuyers to make environmentally conscious decisions by purchasing or investing in green-certified properties developed by IJM Land while reducing their carbon footprint and ownership costs. OCBC Bank’s role, as the first foreign bank to collaborate with IJM Land in their holistic approach to green residential properties, is to offer financing packages that reward sustainable practices.
The OCBC Green Home Financing scheme is designed uniquely for purchasers of IJM Land’s eco-friendly homes and offers them competitive financing rates and fast turnaround upon approval.
According to Datuk Wong Tuck Wai, Chief Executive Officer of IJM Land, the developer places eco-friendliness and sustainability at the forefront of its designs and concepts, and not merely as a future aspiration but a present-day imperative.
“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. This commitment drives us to concrete actions, underpinned by a strong sense of purpose and drive to enrich the lives of current and future IJM Land property residents.
“The collaboration empowers individuals and families to choose sustainability by providing favourable financing rates for our green properties. With this, OCBC Bank and IJM Land are jointly enabling green homeownership, setting a transformative example that will benefit and lead the way for the property and financial sector at large. As part of the agreement, IJM Land will collaborate closely with OCBC Bank to expand their efforts in promoting sustainable living for our green-certified properties.
“Our shared goal is to ignite inspiration and provide unwavering support to homeowners on their personal sustainability journey through important and impactful green initiatives. It centres on ecologically responsive homes that have a positive impact on both occupant and environment,” he said.
Speaking for OCBC Bank, its Head of Consumer Financial Services Ms Anne Leh said the tie-up with one of the top developers in Malaysia enables the bank to reach out even further to those seeking a sustainable home financing scheme that rewards them for doing good.
“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,” she said.
IJM Land recently launched its “Make A Difference” (MAD) campaign to promote sustainability through its “Say Yes to 4R” initiative. This supports its core principles of reducing, repairing, reusing, and recycling across all IJM Land projects and townships.
Prospective homeowners can participate in the MAD campaign until 31 December 2023 through a series of immersive eco-centric events organised with the aim of collecting over 40,000kg of recyclables. The entire IJM community is also mobilised to take 40 million collective healthy steps to significantly reduce their carbon footprint. The commitment to green stewardship extends to the distribution of 4,000 plants to nurture a greener future.
For more information about the MAD campaign, visit – https://www.ijmland.com/40th-Anniversary/
For more information about OCBC Home Financing, visit – https://www.ocbc.com.my/personal-banking/loans/property/home-loans
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