KUALA LUMPUR, 25 February 2025
Bank Pembangunan Malaysia Bhd (BPMB) and Firma Atasan Sdn Bhd have signed an RM18.5 million financing agreement for the first phase of Juru Hills affordable housing project in Penang.
This marks Bank Pembangunan’s first private-sector ESG-compliant affordable housing initiative.
Group chief executive officerqq Roni Abdulwahab said the bank is committed to supporting socio-economic projects and strengthening local businesses.
“This partnership with Firma Atasan shows our dedication to making homeownership more accessible while ensuring that sustainability remains at the core of urban development,” he said.
Firma Atasan executive director Chew Why Hoong said the company is integrating essential facilities such as a youth learning centre and a nursing home to enhance the wellbeing of residents.
“We believe this project will set a new standard for affordable housing in Penang and beyond,” added Chew.
The project aims to address the ongoing housing gap under Penang 2030.