Alliance Bank Signs MOU With Malton, Offers Green Mortgage Financing Package

Alex Cheong Pui Yin

7th July 2023 - 2 min read

Alliance Bank has signed a memorandum of understanding (MoU) with developer Malton Berhad to offer a green mortgage financing package, which is set to benefit the homebuyers of the newly launched River Park in Bangsar South. This is an effort by the bank to encourage and support the development of sustainable communities.

In a joint statement, the bank noted that the sustainable financing option will offer lower interest rates and a faster turnaround time for end-financing.

“Reflecting the bank’s endeavour to build an ESG-focused organisation, Alliance Bank continues to innovate solutions around our customers to meet their evolving needs. This strategic partnership with Malton aligns with our ESG aspiration as well as our goal to be a bank for the community, supporting their home ownership journey. We believe that this collaboration with a dynamic conglomerate such as Malton will enable more businesses and customers to adopt sustainable practices, and create more meaningful impact for the community,” said the group chief consumer banking officer of Alliance Bank, Gan Pai Li.

To note, River Park is a high-rise development by Malton that has attained a provisional GreenRE Bronze certification in the residential category. It features various green facilities, including EV charging stations, rainwater harvesting for its landscaping, high-performance glass to aid heat reduction, and water monitoring system.

In terms of layouts, River Park offers a variety of 2 and 3-bedroom layouts that range from 812 sq ft to 1,180 sq ft. Slated for completion in 2026, it is also surrounded by various amenities – including schools, medical institutions, and retail hubs – all within a close 10km radius. Notably, it is only one stop away from Mid Valley City via KTM (from the Angkasapuri KTM station).

As for accessibility, River Park can also be reached via the NPE-Federal Highway Link. The proposed MRT3 Circle Line is set to improve the connectivity of the development as well.

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

0 0 votes

Article Rating

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

See all articles