JOHOR BAHRU: Paragon Globe Bhd, a main market-listed property developer, 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, executed during the groundbreaking ceremony of Calia Residences by PGB in Danga Bay, was signed by Paragon Globe executive chairman Datuk Sri Edwin Tan Pei Seng and UOB Malaysia executive director and area manager of the South Area Centre Goh Boon Siang, formalising and expanding an earlier agreement signed in June 2024.
It marks a shared commitment by both organisations to promote responsible growth and support Johor’s transition towards a sustainable investment hub.
Under this collaboration, UOB Malaysia is appointed as the preferred banking partner for Paragon Globe’s upcoming residential, commercial and industrial projects.
Both parties will cooperate to structure innovative green financing mechanisms, facilitate connections with investors, and embed ESG best practices across Paragon Globe’s development portfolio.
Through this partnership, UOB Malaysia will offer exclusive homebuyer and business banking packages, including preferential financing rates and streamlined approval processes for purchasers and business partners.
UOB Malaysia will also extend green financing solutions for eligible Paragon Globe developments and provide advisory support on obtaining recognised green project certifications.
As part of this collaboration, UOB Malaysia will establish a dedicated presence at Paragon Globe Experience Gallery Property Showcase to engage end-buyers and provide financial advisory services related to PGB’s residential, commercial and industrial developments.
Tan said Paragon Globe’s 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 Paragon Globe expands, we want each project to contribute meaningfully to Johor’s long-term growth under the JS-SEZ initiative.
“Calia Residences by Paragon Globe represents this vision perfectly — modern, livable, and sustainable. With strong market response, 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,” he said in a statement.
The ceremony was officiated by Johor Bahru City Council mayor Datuk Mohd Haffiz Ahmad, together with other distinguished guests, including Johor Sustainability Centre CEO Fayzul Datuk Omar, accompanied by key representatives from Paragon Globe, namely group executive director Datuk Sri Godwin Tan Pei Poh, and independent executive director Datuk Ismail Karim and senior independent non-executive director
Tee Boon Hin.
Located in the prime waterfront district of Danga Bay, Calia Residences by Paragon Globe 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 — an ideal address for professionals and families commuting between Malaysia and Singapore.
Calia Residences by Paragon Globe aims for GreenRE Gold Certification, featuring energy-efficient design, EV charging facilities, eco-friendly materials and 5-star-rated electrical appliances.
The development offers 28 amenities, including co-working spaces, floating cabanas, fitness zones, a pickleball court and family-oriented facilities — all thoughtfully crafted to integrate urban comfort with sustainable living.
The Paragon Globe–UOB Malaysia partnership underscores both organisations’ support for Malaysia’s National Energy Transition Roadmap (NETR) and New Industrial Master Plan (NIMP 2030).
Together, Paragon Globe and UOB Malaysia aim to create innovative financing frameworks and green-certified developments that strengthen Johor’s economic and environmental resilience.
