LiveIn, a Malaysian PropTech company, announced that it had acquired KT Management, a Malaysian property management company.
According to a statement from LiveIn, this merger elevates LiveIn to the position of an industry leader and will give thousands of KT Management tenants access to LiveIn’s adaptable community living solutions and an improved online-to-offline (O2O) experience.
This implies that they will have access to any LiveIn accommodation once they graduate.
“Malaysia and Thailand are key markets for us. The market conditions in Southeast Asia are perfect for LiveIn with its young people population, massive numbers of young professionals moving to the cities, and the huge property overhang,
“With our success of this merger, we know we have the template for success. We are now aggressively pursuing acquisition opportunities there and around the region,” said Keek Wen Khai, Co-Founder, and Chief Executive Officer of LiveIn.com.
He claims that LiveIn Community Managers in Kampar, Malaysia, have been working diligently to adapt KT’s properties and tenants to LiveIn’s flexible community living solutions and processes.
“Now that they are under the LiveIn family, as these university students graduate and move to the city to further their studies or to work, they will be able to seamlessly relocate to our other properties,
“The entire process will be carefully managed by our expert team of LiveIn Community Managers,” he added.
Additionally, he claimed that the company ensures a level of continuity that is unmatched in the rental market by making sure its tenants remain with them throughout various stages of their student and professional lives as well as in various cities.
“We learn so much from them. We earn a higher level of brand loyalty. And we enjoy a much higher lifetime value (LTV) from each and every one of tenants,” he said.
A local proptech company called LiveIn offers cost-effective long-term housing solutions.
Formerly known as Hostel Hunting, the company uses its online platform to offer flexible community living, affordable rental housing, and an improved O2O experience for its tenants.
The business has been expanding quickly in Malaysia and Thailand by capitalizing on the region’s property glut and the rising demand for better long-term housing options among young professionals and university students.
In Malaysia’s northern region, KT Management is a significant player in the student housing market and one of the biggest private long-term rental providers.