Malaysian PropTech firm LiveIn said Monday it has acquired a Malaysia-based property management firm KT Management.

LiveIn said in a statement that this merger makes LiveIn the market leader in the space and will provide KT Management’s thousands of tenants, LiveIn’s flexible community living solutions and a better online to offline (O2O) experience.

This means that after they graduate, they will be able to have access to any accommodation within LiveIn.

“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.

According to him, LiveIn Community Managers have been hard at work in Kampar Malaysia integrating LiveIn’s flexible community living solutions and processes to KT’s properties and tenants.

“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.

He also said by ensuring the firm’s tenants stay with them in different stages of their student and professional lives and in different cities, they ensure a level of continuity that is rate in the rental market.

“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.

LiveIn is a regional proptech company providing affordable long-stay rental solutions.

Formerly known as Hostel Hunting, the firm provides flexible community living, affordable rental and an enhanced O2O experience for their tenants through their online platform.

The company has been growing aggressively in Malaysia and Thailand by taking advantage of the property overhang in the region and the growing demand for better long term rental options for university students and young professionals.

KT Management is a major player in the student accommodation and one of the largest private long stay rental providers in the northern region of Malaysia.

“KT Management has been growing year on year. This merger is a natural progression. Integration has been amazing and KT’s tenants are already enjoying the benefits.” said Kent Tee, KT Management’s founder.

“I’ve been in this industry for over ten years, I believe in LiveIn’s vision to be the leading player in Southeast Asia,

“This is a key strategy for growth, I foresee this will be the first of many. I am excited to now be a part of the expansion team in new cities and to bring my expertise to the table,” he added.

With the successful merger of their operations and management team, LiveIn said it hopes to replicate this in their other markets.

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