LiveIn is a marketplace that tackles the affordable housing shortage in SEA by transforming properties into affordable rental homes. Their tech-driven, asset-light model allows them to scale quickly, offering flexible leases in the region.
Problem
- Underserved long-term rentals: While Airbnb dominates short-term rentals, the long-term rental market remains underserved.
- Limited options: Overseas students and foreign workers often find affordable flats but they are poorly furnished.
- Homeowner challenges: Renting properties involves time-consuming tasks like listing, meeting tenants, and managing check-in/out processes. Additionally, property owners often struggle to rent out units profitably.
Solution
- Affordable housing provider: LiveIn stands out as one of the few successful affordable rental housing providers in SEA, offering fully furnished, competitively priced long-term rentals. It claims to be the sole provider of fully furnished rentals at around US$200 in capital cities.
- Increased income for property owners: LiveIn transforms unrented properties into fully furnished rental housing, enabling property owners to earn higher and more stable rental income.
- Diversified revenue: LiveIn generates additional revenue through ancillary services like cleaning, maintenance, and laundromat fees, which currently account for 20% of total sales and have the potential to become a significant revenue stream for the company.
Media Links
Type
Real Estate & Property Management
Focus Area
Sustainability
Capital Raised (US$)
6M to 20M
Operational HQ
Malaysia
SECTOR
Marketplace and Online Platform
status
Current
founders
Wen Khai Keek, Joey Lim
partnered
2018
exited
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