OCBC Bank (Malaysia) Berhad (OCBC Bank) and IJM Land Berhad embarked on a strategic tie-up to promote sustainable living through a green home ownership programme that rewards purchasers for their ESG orientation.
The group said the Memorandum of Understanding (MoU) was signed at a ceremony today (Nov 1) 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.
In the collaboration with IJM Land, OCBC Bank’s role is to offer financing packages that reward sustainable practices via its OCBC Green Home Financing scheme.
The scheme is designed for purchasers of IJM Land’s eco-friendly homes and offers them competitive financing rates and fast turnaround upon approval.
OCBC Consumer Financial Services head 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.
“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,” added Leh.
IJM Land chief executive officer Datuk Wong Tuck Wai said 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,” he said in a statement.
Wong added 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,” he said adding IJM Land will collaborate closely with OCBC Bank to expand their efforts in promoting sustainable living for our green-certified properties.
IJM Land recently launched its “Make A Difference” (MAD) campaign to promote sustainability through its “Say Yes to 4R” initiative which support 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.
