Daily Markup

Daily Markup #847: MHub partners Malaysian government to enhance national Housing Integrated Management System (HIMS)

October 9, 2023 · 1 min read
Photo credit: Buletin TV3

Propped by proptech

  • Congratulations to 500-backed property transaction platform MHub for being selected as a key digital transformation partner for the Housing Integrated Management System (HIMS)!
  • HIMS serves as a one-stop centre for the management of developer licenses (DL) for private housing developers, advertising and sales permits (AP), near real-time updates on housing projects’ current status, and generating eSPA in Malaysia.  
  • MHub is Malaysia’s leading end-to-end property transaction platform, capturing 28.3% of the nation’s total primary residential transactions in 2020. 10 out of the top 15 biggest real estate developers in Malaysia use MHub to manage properties, people, processes digitally and more efficiently.
  • “MHub is well positioned to provide the data needed to get better hindsight, insight and from here foresight for nation-building initiatives. With all new initiatives, there will be a transition period and we consider it our responsibility to assist all our developer clients to adopt HIMS towards better, improved standards in our industry,” shared Quek Wee Siong, co-founder and CEO of MHub.
  • HIMS has recorded a total of 10,571 registered housing developers, 33,716 housing developments, and government revenue collections amounting to ~US$4 million (RM19.3 million), as of 28 Sept 2023.
  • Read the full story on The Edge.
Daily
Tags:
1
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Global, Southeast Asia

  • All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Global”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Global and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Global, or an offer to provide any investment advisory service with regard to securities by 500 Global. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Global. Prospective investors considering an investment into any 500 Global fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Global fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2024 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct