Ong and Ng jointly holding up the sign announcing the exciting collaboration.

KUALA LUMPUR: RHB Bank Bhd (RHB) has announced a strategic partnership with OSK Property to introduce a new green financing initiative aimed at promoting sustainable development in Malaysia. The Green Home Financing initiative by RHB offers a preferential mortgage margin of financing up to 95% + 5% (Mortgage Reducing Term Assurance or Mortgage Reducing Takaful Term) for green residential projects with green certification. 

RHB and OSK Property are collaborating to provide green financing for sustainable projects like Alia @ Mori Park and NARA at Shorea Park. These developments have achieved GreenRE certification, showcasing their commitment to environmental standards and a sustainable future.

"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 chief executive officer of OSK Property Ong Ghee Bin.

"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. In 2024 alone, we allocated over RM600 million in sustainable financing to promote green homeownership across Malaysia. This reflects our ongoing dedication to the sustainability agenda and our belief in the critical role financial institutions play in advancing sustainable financing for a greener future," said RHB’s managing director of group community banking Jeffrey Ng Eow Oo.

The green financing initiative is expected to establish a new standard for sustainable development in Malaysia. It aims to encourage more developers to seek green certifications for their projects. RHB Bank and OSK Property are confident that this collaboration will not only benefit homebuyers but also make a significant contribution to the nation's environmental goals.

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