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BUSINESS

Hom Malaysia eyes expansion to Southeast Asia next year

23/07/2020 01:24 PM

KUALA LUMPUR, July 23 -- Hom Malaysia, a real estate platform offering co-living spaces in Malaysia is eyeing further opportunities to expand its services into Southeast Asia in the first quarter of 2021.

Hom co-founder and chief executive officer (CEO) Felix Ferdinand said as of now, Hom will also be expanding their co-living spaces to other venues such as Bangsar South and Mont Kiara in the coming months.

“We are targeting to have more units in Klang Valley after we launched our first unit in SkySuites at KLCC as well as looking to expand the same concept into other countries such as Indonesia and Thailand,” he said after the Hom Digital Media Virtual Launch, today.

Felix said Hom offers designed co-living spaces with an emphasis on community, togetherness and being a unit

“At Hom, we provide you with more than just space. We provide you with accommodation and on-demand services with the element of the community,

Felix said Hom was born as a solution provider when more millennials found that housing prices were becoming unaffordable for them.

More individuals are opting to rent rather than own a home and for the younger generation and gig-economy players, housing loans may be difficult to obtain due to a low credit score.

“With the uncertainty of today’s economic climate, renting without the burden of mortgage payments is seen as the most viable option,” he said.

As an alternative to housing ownership, Hom’s living spaces are designed to meet the demands of millennials.

“We take the hassle out of renting through our digital-first approach so our members have more time to do things they’re passionate about, from matching roommates that they love, furnishing the homes, handling rents, utility payment and handling service requests,” Felix explained.

Meanwhile, Cradle Fund Sdn Bhd group CEO Rafiza Ghazali said Hom’s vision to reinvent the concept of what a home could be given the same comfort they have in their own house.

“Their unique technology matches roommates who share the same passion and emphasises that co-living is about the community while also supporting individuality. It’s about sharing rather than consumption, and collaboration rather than competition,” she said.

Cradle, as one of the agencies under the Ministry of Science, Technology and Innovation is fully supporting the development of the technology and innovation ecosystem in this country, she added.

-- BERNAMA

 

 


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