OCBC Bank Inks Deal With IJM Land to Support Green Home Ownership

Malaysian real estate developer IJM Land signed a Memorandum of Understanding (MoU) with OCBC Bank in Malaysia to promote sustainable living through a green home ownership programme that rewards purchasers for their sustainability efforts.

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 devised for purchasers of IJM Land’s eco-friendly homes and will offer successful purchasers competitive financing and fast completion upon approval.

According to 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.

“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,” said Wong.