The Edge Markets - Rehda Institute and Bank Pembangunan to work on affordable housing research
Kuala Lumpur, 21 March 2023
The Real Estate and Housing Developers' Association of Malaysia (Rehda) is collaborating with Bank Pembangunan Malaysia Bhd (BPMB) to conduct research on affordable housing ensuring social inclusion.
Rehda Institute and BPMB, a development financial institution owned by Minister of Finance Inc, signed a memorandum of understanding (MOU) for the research works spanning from real estate and property development, housing policies, banking and financing, to environmental, social and governance, and the development of smart cities.
Rehda Institute was represented by its chairman Datuk Jeffrey Ng Tiong Lip and trustee Tan Sri Eddy Chen Lok Loi during the signing ceremony, while BPMB was represented by its group chief executive officer Roni Abdul Wahab.
"We are thrilled to embark on this collaboration with BPMB. This partnership will enhance awareness and knowledge of affordable housing, which is crucial at times like this,” said Ng.
“Despite many initiatives to make housing more affordable, it remains a challenge for many households in Malaysia. Together with BPMB, we hope to create a more inclusive society, where everyone has access to decent and affordable homes.”
Meanwhile, Roni said BPMB, the first financial institution to collaborate with Rehda Institute, also recognises the impact of affordable housing on achieving social inclusion, and believes that the research will benefit Malaysians.
The MOU allows for any other joint collaborations that may arise in the future, to be mutually agreed upon in writing, with areas of collaboration include jointly organised events, participation in industry engagements and conferences, seminars, symposia and short-term programmes.
Both parties will also exchange research and educational materials, publications and other relevant information to enhance their knowledge and understanding of the real estate and property development industry.