OCBC Bank (Malaysia) Berhad (OCBC Bank) has extended RM351 million in financing to See Hong Chen Group and EXSIM to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).

The financing by OCBC Bank involves a partnership between EXSIM and See Hong Chen Group for the acquisition of freehold land along Jalan Dato Abdullah Tahir, Johor Bahru earmarked for mixed development with a gross development value of approximately RM1.8 billion. The project site is located approximately 3 kilometres from the Johor Bahru CIQ Complex and the co-located Rapid Transit System (RTS) Link Station.

Financing has also been extended to See Hong Chen Group to support the acquisition of freehold land parcels in Bandar Johor Bahru. The sites are strategically located within walking distance of the Bukit Chagar RTS Link Station, in a prime commercial area, accessible via Jalan Tuas and Jalan Sulaiman, close to Coronation Square.

According to Mr Jeffrey Teoh, Managing Director & Head of Wholesale Banking, OCBC Bank, the financing reflects the Bank’s continued commitment to supporting sustainable development in the JS-SEZ.

“The JS-SEZ represents a significant opportunity for long-term economic growth, and we are pleased to support our clients in advancing developments that contribute to this region’s progress. We are always looking to deliver value that goes well beyond traditional lending by offering integrated financial solutions made possible through the cross-entity and cross-border expertise of OCBC’s One Group, which includes Great Eastern, Bank of Singapore and PacLease,” he said.

Mr See Cherng Jye, Managing Director of See Hong Chen Group said, “We are grateful for OCBC Bank’s support and confidence in our vision. These projects are aligned with our strategy to develop high-impact assets in key growth corridors, and we look forward to contributing to the continued development of Johor Bahru.”

Mr Lim Aik Hoe, Managing Director of EXSIM added, “This collaboration marks a significant milestone for us as we expand our footprint into Johor. With OCBC Bank’s support, we are confident in delivering developments that meet the evolving needs of the market and community.”

OCBC Bank is part of the OCBC Group, the second largest banking group by assets in the Southeast Asia region, with a strong presence in ASEAN-Greater China.

OCBC Bank operates eight branches in Johor, including in Johor Bahru, Skudai, Kulai, and Taman Molek, all situated within the JS-SEZ. Since establishing its first branch in the state in 1917, the Bank has remained dedicated to serving and supporting the local community.