In a significant move towards promoting sustainable living, IJM Land Bhd has entered into a memorandum of understanding (MOU) with OCBC Bank (Malaysia) Bhd. This collaboration aims to introduce a Green Home Financing scheme that offers competitive financing rates, fast approval processes, and a cashback program designed to encourage green homeownership among potential buyers.
The Green Home Financing scheme is set to be available until the end of January next year. It will be open to all of IJM Land’s residential developments that are GreenRE-certified, as stated in a press release.
The MOU signifies the shared goal of IJM Land and OCBC Bank to encourage prospective homebuyers to make environmentally responsible decisions by investing in green-certified properties developed by IJM Land. The adoption of green homes not only reduces carbon footprints but also lowers overall homeownership costs.
Datuk Wong Tuck Wai, Chief Executive Officer of IJM Land, emphasized the company’s commitment to eco-friendliness and sustainability. He stated, “In our ongoing efforts to incorporate sustainable design into all our developments, it is now mandatory for every IJM Land residential project to be green-certified. At the core of our commitment to sustainability is achieving net-zero carbon emissions by 2050, a goal shared by our home financing partner, OCBC Bank. This commitment drives us to take concrete actions, enriching the lives of current and future IJM Land property residents.”
Wong further highlighted that the collaboration empowers individuals and families to choose sustainability by providing favorable financing rates for green properties. He expressed optimism that this partnership with OCBC Bank would set an example benefiting the property and financial sectors at large. Under the agreement, IJM Land will work closely with OCBC Bank to further promote sustainable living in GreenRE-certified properties.
Anne Leh, Head of Consumer Financial Services at OCBC Bank (Malaysia), expressed the bank’s excitement about this collaboration. She stated, “This synergistic collaboration will help shape the industry for a more sustainable future, complementing OCBC Bank’s other green home financing offerings, such as our solar panel financing.”
As part of its commitment to sustainability, IJM Land has recently launched the “Make A Difference” campaign, which promotes sustainability through its “Say Yes to 4R” initiative. This initiative focuses on reducing, repairing, reusing, and recycling across all IJM Land projects and townships and will run until December 31.
In conclusion, the partnership between IJM Land and OCBC Bank represents a significant step forward in promoting sustainable homeownership and reducing the environmental impact of residential developments. It reflects a growing commitment in the real estate industry towards eco-friendliness and sustainability.