KUALA LUMPUR (Nov 1): IJM Land Bhd signed a memorandum of understanding (MOU) with OCBC Bank (Malaysia) Bhd on Wednesday to offer a Green Home Financing scheme that consists of competitive financing rates, fast turnaround upon approval, and a cashback programme to encourage green homeownership among homebuyers.

The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments, according to a press statement on Wednesday.

The statement said the MOU aims to encourage and enable prospective homebuyers to make environmentally conscious decisions by purchasing or investing in green-certified properties developed by IJM Land. A green home will also help reduce carbon footprint and other homeownership costs. 

In the statement, 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.

“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 sectors 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 GreenRE-certified properties,” Wong added. 

OCBC Bank (Malaysia) head of consumer financial services Anne Leh, meanwhile, said the MOU presents an opportunity for 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. This [MOU] complements OCBC Bank’s other green home financing offerings, such as our solar panel financing,” she added.

In efforts to increase the company’s sustainability initiatives, the statement added that IJM Land recently launched its “Make A Difference” campaign to promote sustainability through its “Say Yes to 4R” initiative, comprising reducing, repairing, reusing, and recycling across all IJM Land projects and townships. The campaign will run until Dec 31.