Rhonda and Race Wong launched Ohmyhome Pte Ltd in Singapore just three years ago. Their goal was to created a startup that would become a global transaction platform that makes dealings with property more efficient and streamlined.
What the Malaysian-born sisters did not anticipate is the company’s instant success and was awarded Singapore’s No 1 Housing and Development Board App in January 2017, only four months after the application was launched.
In less than three years, the property technology firm facilitated transactions of about 4,500 homes with a combined value of over RM5 billion (about US$1 billion) as of June this year.
The firm is expanding further in the South-East Asia region, with Malaysia being the first overseas venture in July 2019.
When asked why Malaysia is the firm’s first overseas choice, CEO Rhonda said it is “a natural thing to do” as the country is home for her and her sister.
That is not the only reason. Malaysia, according to her, has a healthy real estate market with 200,000 transactions annually.
“There are many pain points in the market that Ohmyhome can bridge. We have a platform that consumers can trust when it comes to buying, selling and renting their homes,” she told The Malaysian Reserve in a recent interview.
“We are optimistic. Malaysia is a beautiful country and people will continue to live here, foreigners will continue to be attracted to invest or move here,” Rhonda said when asked to comment on the country’s property outlook this year.
Read more here
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.