AmBank and Ideal Property Group Collaborate On A Sustainable Industrial Park in Penang


Christopher Yap, Managing Director of Business Banking, AmBank Group (6th from left), Tan Sri Datuk Alex Ooi, Executive Chairman of Ideal Property Group (5th from right), Puan Sri Datuk Joanne Phor, Executive Director of Ideal Property Group (4th from right), Dato’ Goh Teng Whoo, Chief Operating Officer of Ideal Property Group (3rd from right) and Connie Ang, Chief Operating Officer of Ideal Property Group (5th from left) the signing ceremony between Ideal Property Group and AmBank (M) Berhad at Penang Technology Park @ Bertam.


Tuesday, 2 May 2023 - AmBank will be offering special financing packages to end-buyers of Penang Technology Park in Bertam. The sustainable industrial park, which is partly financed by AmBank, comes with solar energy specialist services for all factory buildings and incorporates a rainwater and waste water management system in the 880-acre development.

Christopher Yap, Managing Director, Business Banking, AmBank Group said, “It is an honour to support this project by Ideal Property Group, as they have an impeccable track record of being one of Penang’s established developers. We are also excited to be the first bank to provide this distinctive end-financing package to Ideal Property Group's customers as more companies are looking to achieve resource efficiency and adopt sustainable business practices.”

“Ideal Property Group is committed to creating exceptional spaces that meet the needs and exceeds the expectations of our customers. Penang Technology Park@Bertam is a testament to our unwavering commitment to excellence, innovation and sustainability. This partnership with AmBank helps us to achieve our shared goal of driving economy growth and promote sustainable development in the region,” said by Tan Sri Datuk Alex Ooi Kee Liang, Executive Chairman of Ideal Property Group.

By supporting this sustainable industrial park and offering high Loan-to-Value (LTV) packages to end-buyers, AmBank aligns with its focus in environmental, social and governance (ESG) initiatives and demonstrates its commitment to promoting sustainable development and responsible investment practices.