Malton and RHB collaborate to offer green home financing for River Park

Jun 20, 2024

KUALA LUMPUR (June 20): Malton Bhd has partnered with RHB Banking Group to offer green home financing options for River Park, Bangsar South homebuyers.
Through RHB’s innovative Green Home Financing programme, River Park buyers can enjoy a loan margin of up to 95%, along with a 5% MRTA/MRTT/FEC (Mortgage Reducing Term Assurance/Mortgage Reducing Takaful Term/Finance Entry Cost).
The three tower blocks of River Park condominium, with Tower B being the latest release, have achieved a take-up rate of 65%. The development comprises 1,332 units offering a variety of eco-friendly two and three-bedroom layouts ranging from 812 sq ft to 1180 sq ft. With an estimated gross development value of RM1 billion, this project is slated for completion in 2026.
“Targeting first-time homebuyers, this easy-entry financial program aims to incentivise their purchase decisions and provide them with the flexibility to own a sustainable urban home. Awarded a provisional GreenRE Bronze certification and integrated with EV charging stations, River Park attracts many urban professionals and young families looking for sustainable urban living surrounded by vibrant hubs. We will also to incorporate more green features into our upcoming projects, such as Park Green at Bukit Jalil City and Mutiara Lake Puchong,” said Kelvin Choo, CEO of Malton Property Development.
Jeffrey Ng Eow Oo, managing director of Group Community Banking, RHB Banking Group, stated that: “RHB recognises the crucial role of providing sustainable financing to support Malaysia’s transition to a low-carbon future. In 2023, we provided financing of close to RM700 million to support the development and certification of green buildings in Malaysia.
“We are pleased to partner with Malton to contribute to the growth of the green economy and progress towards a more sustainable future for all.”
River Park has easy access to nearby schools, medical institutions, and retail hubs such as Mid Valley, Bangsar Village and The Sphere.
Malton has also invested RM10 million to construct a new ingress from the NPE-Federal Highway link for enhanced accessibility.
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Source: EdgeProp.my