On 21 March 2023, REHDA Institute, the training, research and education arm of the Real Estate and Housing Developers’ Association of Malaysia (“REHDA”) signed a Memorandum of Understanding (“MOU”) with Bank Pembangunan Malaysia Berhad (“BPMB”).
The MOU was signed at the REHDA Institute Regional Housing Conference 2023, held at Le Meridien Hotel Petaling Jaya. The conference was graced by the Deputy Minister for the Ministry of Local Government Development, YB Tuan Haji Akmal Nasrullah.
REHDA Institute was represented by its Chairman, Dato’ Jeffrey Ng Tiong Lip and Trustee, Tan Sri Datuk Eddy Chen Lok Loi, while BPMB was represented by its Group Chief Executive Officer, Roni Abdulwahab.
This collaboration between REHDA Institute and BPMB will bring together their expertise and resources to focus on a broad range of topics related to the real estate industry. Through this partnership, the parties will undertake research collaborations spanning real estate and property development, housing policies, banking and financing, ESG, and smart cities development.
The initial research to be jointly produced will focus on affordable housing, an essential aspect of social inclusion.
Dato’ Jeffrey Ng Tiong Lip, Chairman of REHDA Institute, added, “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. 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.”
BPMB Group CEO Roni Abdulwahab said, “At BPMB, we recognise the impact of affordable housing on achieving social inclusion. We believe that this research collaboration with REHDA Institute will help provide better insight into affordable housing for all Malaysians. We are proud to be the first financial institution to collaborate with REHDA Institute, especially on such a critical sector.”
The MOU also allows for any other joint collaborations that may arise in the future, to be mutually agreed upon in writing. Areas of collaboration include jointly organised events, participation in industry engagements and conferences, seminars, symposia, short-term programmes, and other related activities. The exchange of research and educational materials, publications, and relevant information will also be a key component of this collaborative effort, as both parties seek to enhance their knowledge and understanding of the industry.