PETALING JAYA (Oct 22): OCR Group of Companies has signed two memorandums of understanding (MoUs) to assist its property buyers to utilise a tenant management platform and insurance fintech in seeking, on-boarding and managing the entire tenancy ecosystem.

In a statement today, OCR managing director Billy Ong said: "These two collaborative MoUs were part of the group's proactive posture to deploy innovative solutions in response to buyers' anticipated issues. This is timely as OCR is expecting the delivery of vacant possessions of few of its development projects in 2022, namely The Pano at Jalan Ipoh, Isola KLCC and PRIYA Kuantan."

"The group takes pride in not only being a property designer and developer, but also a holistic partner with our buyers by being proactively involved in property management to establish a hassle-free tenancy process for peace of mind. These collaborative MoUs cement our commitment to being an integrated property player beyond property delivery to tenancy, by bridging the landlord-tenant gap and completing the property loop to maintain the quality of the properties in the long run," he said.

OCR's first MoU, which is dedicated to its Yolo Signature Suites project at Sunway Mentari, was signed with Easy Management Group (EMG). This will allow landlords to use its rental management solution platform "Easy Hostel & Suites" to seek for the next step of planning after vacant possession of the property.

Landlords are able to access the platform's potential tenant pool, across short stay, homestay and Airbnb options, in addition to multiple online travel agencies. The EMG platform could collaborate with owners to remake and redesign units with the best possible renovation option to suit the potential usage of the property to maximise returns on investment.

OCR also signed another MoU with Blue Duck Tech Sdn Bhd (BlueDuck), a licensed insurance agency that deploys zero deposit insurance and tenant profiling across OCR's properties nationwide.

"The alliance with BlueDuck is designed to enhance investors' experience and serve as a key piece to achieving fast-pace innovative development within OCR. This collaboration would act as a catalyst to be tech-forward and embrace innovation," said Ong.

The company will also be offering Malaysia's first-of-its-kind tenant profiling to landlords and agents in screening their applicants involved in the subletting process. The data-driven insights add another layer of security to the conventional screening procedure, thus minimising risks of prospective tenants' non-compliance in the future.

(From left) OCR chief marketing officer Emily Ong, OCR director Kevin Ong, Easy Management Group (EMG) chief executive officer Graezl Wong, and EMG management adviser Justiienz Ling participating in a signing ceremony of MoU between OCR and EMG.