From left: Sien, Tew, Ong, Ng and Tan express excitement about the collaboration.
KUALA LUMPUR: Mah Sing Group Berhad (Mah Sing) has partnered with RHB Banking Group (RHB) to make homeownership accessible through an exclusive home financing package. The offer includes a 95% margin of financing plus an additional 5% for Mortgage Reducing Term Assurance (MRTA) or Mortgage Reducing Takaful Term (MRTT).
This package is available for Mah Sing’s GreenRE-certified projects in Johor, which includes M Minori’s Tower C, M Tiara 1 and Meridin East. This is also RHB’s first Green Home Financing initiative in the southern region, providing higher financing margins than the conventional 90%.
Present at the collaboration event were Mah Sing Group chief executive officer (CEO) and executive director Datuk Voon Tin Yow, RHB Bank’s head of consumer finance, Sien Vee Loc, Mah Sing’s head of strategic communications, sustainability and corporate responsibility Lyanna Tew, Mah Sing’s CEO of property subsidiaries Benjamin Ong Chin Yee, RHB Bank’s managing director of group community banking Jeffrey Ng Eow Oo and RHB Bank’s head of alternate sales channel Vincent Tan Yee Wee.
“Our collaboration with RHB’s Green Financing initiative aligns perfectly with Mah Sing’s commitment to creating sustainable and responsible development. This collaboration supports our vision of building greener, more energy-efficient homes and provides our customers with financial solutions that encourage environmentally conscious investments. By working together, we can make a meaningful impact on the communities and inspire others to embrace environmentally conscious practices,” said Voon.
“Johor remains an important market for us and we are highly optimistic about its potential. We believe our projects in Johor will greatly benefit from the region’s ongoing developments, such as planned infrastructure upgrades and enhanced amenities that will greatly improve connectivity. Additionally, Johor’s proximity to Singapore positions it as a strategic location for businesses and industries, supported by strong collaborative efforts by the Malaysian and Singaporean governments to boost economic activities in both countries. As such, we are actively looking to acquire more landbank in Johor to expand our industrial and residential projects,” continued Voon.
As for the financing scheme, RHB Green Home Financing is an initiative to support sustainable development and eco-friendly investments. It offers competitive financing options for green projects, such as energy-efficient buildings and renewable energy solutions, enabling both developers and homebuyers to embrace sustainable practices.
“RHB is excited to support Mah Sing’s GreenRE-certified projects in Johor through our Green Home Financing solution. In 2024 alone, RHB has provided over RM600 million in financing to support the development and certification of green developments across Malaysia. This partnership underscores our commitment to fostering a sustainable lifestyle for Malaysians by offering attractive financing for eco-friendly homes,” said Ng.
“This 95% + 5% home financing package is timely support for our buyers’ homeownership journey, available exclusively for our GreenRE-certified developments. Since launching M Minori, we have seen an impressive response with 96% of Towers A and B sold, leading us to open Tower C for sale. M Tiara 1 has also attracted over 14,000 registrations of interest, affirming our acquisition of M Tiara 2. Meridin East, our largest township at 1,313 acres, has seen nearly 5,000 residential and commercial units launched since 2016. Johor remains our second largest development region after Klang Valley and it will continue to be one of the most important markets for us,” added Ong.
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