Sunway Property and Alliance Bank ink MoU to advance sustainable communities

• The collaboration will allow homebuyers to "leverage Alliance Bank’s sustainable mortgage financing packages for green-certified Sunway projects”.
• Homebuyers will enjoy lower interest rates and also, a fast turnaround time for end-financing approvals.

KUALA LUMPUR (April 5): Developer Sunway Property and Alliance Bank have signed a Memorandum of Understanding (MoU) to drive the adoption of green-certified properties towards sustainable communities. Sunway Property is the first developer to partner with Alliance Bank towards this purpose.

According to a media release Sunway Property, the collaboration will allow homebuyers to "leverage Alliance Bank’s sustainable mortgage financing packages for green-certified Sunway projects”.

“Homebuyers will enjoy lower interest rates and also, a fast turnaround time for end-financing approvals.”

Sunway Property managing director Sarena Cheah said: “As the master community developer, Sunway Property is determined to drive the achievement of the 17 United Nations Sustainable Development Goals (SDG), especially SDG 11, which is to make cities and human settlements inclusive, safe, resilient, and sustainable.

“In our efforts to promote a healthier, sustainable, and holistic living, we have adopted the Sunway Design & Development Architecture (SDDA) as the guiding philosophy for all our Signature Products and developments across Malaysia.”

“Sustainability is at the heart of what we do and it is the first pillar of our SDDA, alongside Innovation, Health & Wellness, and Lifestyle & New Experiences. Hence, we will continuously enhance our guiding philosophy to further elevate the homeownership experience for our communities,” she added.

Cheah explained that that homebuyers in the current Sunway Property’s Signature Series 2023 Campaign will have access to sustainable financing options when they purchase Sunway Property’s green-certified Signature Products across Klang Valley, Johor, Penang and Ipoh “further enabling them to experience the benefits of green living”. The campaign will run until June 30, 2023.

Meanwhile, Alliance Bank group chief executive officer, Kellee Kam said Alliance Bank “has built its strengths by being agile in innovating and providing products and services that serve the communities’ needs. These personalized solutions are delivered with speed and the level of service that our customers have come to expect from Alliance Bank”.

“Through this partnership with Sunway Property, the Bank will be able to expand its reach and encourage more businesses and people to opt for sustainable solutions. This will create a meaningful impact for the community, in line with Alliance Bank’s aspiration to be a bank for the community,” added Kam.

Alliance Bank’s Branch-in-a-Tablet, Digital SME and Sustainability Assistance Programme for financing, together with BizSmart® Solution and #SupportLokal, “offer green propositions to help businesses build competitive advantages as well as achieve their sustainability goals”, stated the release.

At the same time, the bank’s consumer solutions such as the Alliance Bank Visa Platinum Virtual Credit Card, 0% Easy Payment Plan for Solar Panel Financing, attractive mortgage financing packages and e-KYC “contribute towards the bank’s initiatives to ease customer interaction and reduce carbon emissions”.