KUALA LUMPUR (Sept 20): OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is partnering with RHB Bank Bhd (KL:RHBBANK) to launch a new green financing initiative called Green Home Financing, offering preferential mortgage margin of financing for green residential projects with green certification.

Under the partnership, RHB Bank will provide preferential mortgage margin of financing of up to 95% + 5% (mortgage reducing term assurance or mortgage reducing takaful term) for buyers of green residential projects with green certification by OSK Property, namely Alia @ Mori Park in Shah Alam and NARA at Shorea Park in Puchong. Both developments have attained GreenRE certification.

“We are thrilled to have RHB as our partner in offering green financing for our certified developments, Alia @ Mori Park and NARA at Shorea Park. Green certification is more than just a label; it represents a commitment to building a sustainable future. By aligning our projects with green standards, we are not only enhancing the quality of life for our residents but also contributing to the global push for environmental stewardship,” said OSK Property chief executive officer (CEO) Ong Ghee Bin in a press statement on Friday.

Meanwhile, RHB Banking Group managing director of group community banking Jeffrey Ng Eow Oo said: “At RHB, we are committed to fostering sustainable growth by supporting property developers like OSK Property who prioritise environmental responsibility. By doing so, we contribute to Malaysia’s journey towards a low-carbon economy”.

He added that in 2024 alone, the bank has allocated over RM600 million in sustainable financing to promote green homeownership across Malaysia, in line with its ongoing dedication to the sustainability agenda and belief in the critical role that financial institutions play in advancing sustainable financing for a greener future.

The green financing initiative is expected to set a new benchmark for sustainable development in Malaysia, encouraging more developers to pursue green certifications for their projects. Both RHB Bank and OSK Property are confident that this collaboration will not only benefit homebuyers, but also contribute significantly to the nation’s environmental goals.