Property developer NCT Group has entered into four synergistic collaborations to further strengthen its value proposition for the upcoming NCT Smart Industrial Park (NSIP) project.
The strategic alliances are created with AmBank, UOB Malaysia, Malaysia-China Chamber of Commerce and Samaiden Group Berhad.
NCT Group founder and managing director Dato’ Sri Yap Ngan Choy said the collaborations are crucial for the group as it focused on creating a strong foundation, in line with plans for the NSIP development.
“As we aim to provide the best infrastructure and amenities for prospective clients, we are committed to ensuring that our project thrives on environmentally friendly and sustainable efforts, aligned with our philosophy of converging technology in harmony with nature.
“By doing so, we aim to achieve the Green Real Estate (GreenRE) status for NSIP. To this end, we are always on the lookout for forward-driven partners with an eye for innovation in eco-tech.
“With the signing of these collaborations, we are confident that NSIP will become a game-changer for tech-led, environmentally sustainable development,” he said.
NCT Group entered into a Memorandum of Business Exploration (MoBE) with AmBank Group and UOB Malaysia aimed at promoting sustainable development by offering dedicated financing packages to NCT Group’s end- buyers for its upcoming NSIP project. These packages include IR 4.0, Capex, ESG and Working Capital.
A Memorandum of Understanding (MoU) was signed with the Malaysia-China Chamber of Commerce (MCCC) to leverage on MCCC’s forte in attracting investors from China and other ASEAN countries to invest in NCT’s properties and development products under the NSIP project. In order to attract foreign direct investment, investors recommended by MCCC will also be eligible for additional promotional privileges and discounts.
NCT Group also signed a Letter of Business Exploration (LBE) with Samaiden Group Berhad (SAMGB) to construct facilities and installations in providing eco-efficient solutions for NSIP, such as biomass energy with grid-connected biomass power plant systems to generate electricity, and solar photovoltaic (PV) rooftop systems that will offset energy costs for NSIP tenants.
With the aim of achieving the GreenRE certification for its infrastructure and corporate offices, the project is designed in line with the GreenRE rating criteria.
SSIP will be benchmarked against a set of guidelines set by GreenRE that focuses on energy efficiency, water management, material and waste management, environmental protection, green building and transport, as well as community and innovation.
