KUALA LUMPUR, June 3 (Bernama) — SPEEDHOME, an end-to-end direct property transactional platform, is targeting about 50,000 listings by end of this year.
Chief executive officer Wong Whei Meng said as of June 2019, SPEEDHOME had achieved 300,000 app downloads and about 20,000 listings.
“Growth continues to be strong as the team expands along with the business.
“Additionally, since partnering with Allianz Malaysia Bhd in 2017 to roll out the No Deposit but Insurance scheme (whereby landlords will be compensated if tenants cannot pay rent on time), we have helped users save an estimated RM1.8 million in deposits,” he told reporters after the official launch of SPEEDHOME by Housing and Local Government Minister Zuraida Kamaruddin here today.
The company has found that rental collection is a point of contention for landlords.
“According to its survey, rental collection is another huge problem for landlords. To resolve this, we use automation to remind tenants to pay the rent on time (via mobile phone), and we are looking to offer this service to the public in the future,” Wong said.
On top of their core business of property rental, SPEEDHOME also allows for property sale and purchase with zero per cent commission to ease the financial burden of local homebuyers.
SPEEDHOME (formerly Speedrent) is an app that is a free ‘no deposit and no commission’ automated platform connecting landlords directly to quality tenants providing rental protection and house-purchasing services.