PETALING JAYA: Paragon Globe Bhd (PGB), a property developer listed on the Main Market of Bursa Malaysia Securities, has signed a five-year memorandum of collaboration (MoC) with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) to advance green financing, sustainability integration and cross-border investment linked to the Johor–Singapore Special Economic Zone (JS-SEZ).
The MoC was formalised by PGB executive chairman Datuk Seri Edwin Tan Pei Seng and UOBMalaysia executive director and area manager of South Area Centre Goh Boon Siang during the groundbreaking ceremony of Calia Residences by PGB in Danga Bay, Johor, recently. It expands an earlier agreement signed in June 2024.
The collaboration marks a shared commitment by both organisations to promote responsible growth and support Johor’s transition towards a sustainable investment hub.
UOB Malaysia is appointed as preferred banking partner for PGB’s upcoming residential, commercial and industrial projects. Both parties will cooperate to structure innovative green-financing mechanisms, facilitate investor connections and embed environmental, social and governance best practices across PGB’s development portfolio.
UOB Malaysia will offer exclusive homebuyer and business banking packages including preferential financing rates and streamlined approval processes for purchasers and business partners. It will also extend green financing solutions for eligible PGB developments and provide advisory support on obtaining recognised green project certifications.
As part of the collaboration, UOB Malaysia will establish a dedicated presence at PGB Experience Gallery Property Showcase to engage end-buyers and provide financial advisory services related to PGB’s residential, commercial and industrial developments.
Tan said: “Our collaboration with UOB Malaysia is more than a banking partnership – it is a shared commitment to build sustainable communities that balance progress and responsibility. As PGB expands, we want each project to contribute meaningfully to Johor’s long-term growth under the JS-SEZ initiative.”
He added: “Calia Residences by PGB represents this vision perfectly – modern, livable and sustainable. With a strong response from the market, Tower A has achieved a remarkable 90% take-up rate, and we are pleased to announce that Tower B is now open for registration. This milestone gives us confidence that the market values PGB’s commitment to delivering quality and sustainable homes.”
Located in the prime waterfront district of Danga Bay, Calia Residences by PGB is a freehold development spanning 3.62 acres with two 36-storey towers comprising 1,274 units ranging from one to three bedrooms, including dual-key layouts.
It is strategically situated between Johor Bahru city centre and Iskandar Puteri, and within close proximity to the RTS Link and Skudai Highway, ideal for professionals and families commuting between Malaysia and Singapore.
Calia Residences by PGB aims for GreenRE Gold Certification, featuring energy-efficient design, electric vehicle charging facilities, eco-friendly materials and 5-star-rated electrical appliances. The development offers 28 holistic amenities including co-working spaces, floating cabanas, fitness zones, pickleball court and family-oriented facilities.
