A Little Background on Why BeeHive was Founded
The Malaysian property market has experienced significant growth and development over the past few decades, driven by a combination of economic factors, urbanization, and government policies. Property transactions has been continuously rising since the downturn in 2020 due to the Covid-19 pandemic.
More than 51.0% of the property transaction value are residential buildings in 2023.
56,000 new launch in the market with 40.4% sales performance in 2023.
Kuala Lumpur, Penang & Johor Bahru are the top-performing markets.
Source: Laporan Pasaran Harta 2023 (Kementerian Kewangan Malaysia)
Property value
RM500,000
Minimum Renovation Expenses:
10-20%
of Property Value
Renovation cost
RM50,000
Source: https://www.businesstoday.com.my/2023/07/14/how-much-does-it-cost-to-renovate-a-home-in-malaysia-2/
The renovation cost is EXORBITANT for many new homeowners, yet they still face significant RISKS.
How BeeHive helps our Stakeholders
Vision and Mission
Vision
Bridge the Gap
Make renovation accessible to all and eliminate physical and informational barriers between consumers and renovation service providers
Revolutionize the Renovation Industry
Reshape the renovation industry in Malaysia by promoting transparency and introducing nationwide standardisation
Missions
- To connect consumers, designers, and contractors effectively via media and technology
- To streamline the end-to-end renovation process
- To enhance the transparency of the industry by providing transparent information to consumers
- To foster fair and healthy competition among designers and contractors via standardization in Malaysia