OCBC Bank (Malaysia) Berhad has committed RM351 million in financing to support three real estate projects within the Johor-Singapore Special Economic Zone (JS-SEZ), reinforcing its role as a strategic financial partner in regional development.
In a recent statement, OCBC Bank confirmed that the financing package supports a joint initiative between Exsim and See Hong Chen Group involving the acquisition of freehold land situated along Jalan Dato Abdullah Tahir in Johor Bahru. The site has been earmarked for a mixed-use development with an estimated gross development value of RM1.8 billion.
In addition to the joint venture, the financing also facilitates See Hong Chen Group’s acquisition of multiple freehold land parcels in Johor Bahru, further underscoring the group’s growing footprint in the region and commitment to advancing economic activity within the JS-SEZ.
-The Star
