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Malton and Alliance Bank Forge Partnership to Promote Green-Certified Homeownership at River Park

River Park development in Kuala Lumpur offers sustainable financing and eco-friendly features

Kuala Lumpur, 5 July — Malton Berhad (Malton), a leading property developer, has entered into a Memorandum of Understanding (MOU) with Alliance Bank (M) Bhd, marking a strategic partnership aimed at promoting sustainable homeownership. The collaboration will benefit homebuyers of River Park, a newly-launched green-certified project in Bangsar South, Kuala Lumpur.

Alliance Bank’s Green Mortgage Financing Package, developed in alignment with the Government’s 12th Malaysia Plan, serves as an innovative offering to encourage the development of sustainable communities. The financing option provides lower interest rates and faster turnaround times for end-financing, making it an attractive choice for environmentally conscious homebuyers.

River Park, developed by Malton, has already achieved provisional GreenRE Bronze certification in the residential category. The project boasts several green features, including an EV charging station, rainwater harvesting for landscaping, high-performance glass for heat reduction, and a water monitoring system. These elements contribute to creating a sustainable living environment.

The strategic partnership between Malton and Alliance Bank exemplifies the property developer’s commitment to incorporating green building design concepts into its projects. In addition to its environmental focus, Malton has invested £10 million in upgrading the surrounding infrastructure, ensuring exclusive direct access from the NPE-Federal Highway Link to River Park residences, thereby enhancing accessibility for residents.

Photo of Malton & Alliance Bank MOU Signing
Kelvin Choo, CEO of Property Development of Malton and Gan Pai Li, Group Chief Consumer Banking Officer of Alliance Bank signing a MOU to mark strategic partnership on sustainable development and green financing in the housing sector

The collaboration between Malton and Alliance Bank supports the Bank’s focus on Environmental, Social, and Governance (ESG) initiatives, as well as its goal of becoming a community-oriented financial institution. By partnering with Malton, a dynamic conglomerate, Alliance Bank aims to inspire more businesses and customers to adopt sustainable practices and create a meaningful impact on the community.

River Park offers 1,332 well-designed units across three towers, featuring 2 and 3-bedroom layouts ranging from 812 sq ft to 1180 sq ft. With an estimated gross development value of £1 billion, the project targets urban professionals and young families seeking sustainable urban living. Its prime location provides excellent connectivity, with schools, medical institutions, and retail hubs within a 10km radius. The proximity of the Angkasapuri KTM station and future MRT3 Circle Line further enhances mobility and reduces the carbon footprint for residents.

Malton, renowned for its lifestyle and innovative property developments, aims to provide enduring value, sustainable living, and excellent craftsmanship to Malaysians. Its portfolio includes the 50-acre Bukit Jalil City, anchored by the Pavilion Bukit Jalil Mall, a regional shopping hub that has transformed the area into a vibrant destination for business, shopping, dining, leisure, and entertainment. Additionally, the flagship integrated development includes residential, commercial, and hospitality components, with the Hyatt Place Kuala Lumpur, a 4-star business hotel, set to open this year.

Interested parties can visit the project’s website for more information about River Park.