UrbanWave | Homeownership in the heart of your community

**Dapat up to RM300,000* to buy a subsale house and renovate it!**

Your Dream landed home, in your desired neighbourhood

Discover a new way to own a home with our home co-ownership scheme. You may come across vacant houses in great neighborhoods, but they need renovation and we know it's costly. We want to team up with you to buy them by providing duit reno to give these houses a fresh start, personalize them to your own tastes, and make them lively again.

Duit Reno

With duit reno from UrbanWave, you can renovate your new home without stressing over big upfront expenses. You can get up to RM300,000* to cover your renovation expenses, making it easier to create the home of your dreams without the financial stress.

Zero monthly payments

Our debt-free home renovation support aligns with Shariah principles as it involves zero monthly repayment and shares profits when the property appreciates.

Upcycling for Sustainability

Upcycling an old house revitalizes it, giving new purpose to forgotten spaces, advocating sustainability, and preserving the charm of the past for future generations.

Expand your avenues for homeownership by discovering the untapped potential of old landed houses in established, mature neighborhoods

Homeowner engages with UrbanWave when buying a house and applies for home loan* (up to 90%)

*UrbanWave does not participate in the home loan and is liability free

UrbanWave is suitable for those who have found their potential dream home that meets these requirements:

a landed freehold property
more than 15 years old
cleared by Nowcast, our AI-driven forecast platform

UrbanWave funds the renovation by obtaining a minority share in the property.

Homeowner can now renovate debt-free and move in upon completion

Live in your dream home without stressing about renovation costs. You can choose to take back your ownership share later or cash in on it when your home's value goes up. It's that easy!

For more enquiries or questions

GET IN TOUCH

DUIT RENO ELIGIBILITY

Our simple eligibility check allows you to determine if you're eligible for up to RM300,000* in renovation funds.

Check your eligibility now and take the first step towards transforming your new space.

LET'S DUIT

HAPPENINGS

January 19, 2024

URBANWAVE OPEN HOUSE @ 28 JAN , CASSAWARY VILLA

We’ve found houses at good locations with great prices and we’re looking for homeowners to buy them together with us. Come discover home co-ownership with us at our family-friendly event!

November 10, 2023

URBAN TRANSFORMATION SERIES 03: A DIALOGUE

Papan Haus, a charming 70-year-old property transformed into a cosy event space with industrial vibes, played host to our 3rd series that left attendees inspired about the transformative potential of old houses.

October 18, 2023

URBAN TRANSFORMATION SERIES ft. SHIN TSENG & FABIAN TAN

Nestled in the heart of Jalan Sultan, amidst the vibrant tapestry of urban life, you'll find the legendary architectural gem known as the Rex Theatre. Today, this historic venue has undergone a remarkable transformation

FEATURES

OUR PIONEERS

Get ready to be inspired as we explore the potential of matured properties in sought-after neighbourhoods. Follow the path of our pioneers who've just acquired a hidden gem.

LET'S DUIT

Frequently Asked Questions (FAQ)

How does UrbanWave work?

UrbanWave revolutionizes homeownership by empowering aspiring individuals to fulfill their dreams of owning landed houses. Through our innovative co-ownership model, we enable individuals to not only become homeowners but also secure the necessary funds for the home purchase and renovation process. Successful applicants will obtain funding to kickstart their home ownership journey. In exchange, UrbanWave will acquire a minority share in the property, becoming co-owners and partners in the homeownership endeavor.

What is the property criteria to sign up with UrbanWave?

Homeowners seeking freehold landed properties that are at least 15 years old and have successfully passed our Nowcast* evaluations are welcome to sign up with UrbanWave.

Can I buy back the shares later?

Homeowners have the option to repurchase the shares from UrbanWave within a specified timeframe. However, once this period has elapsed, they will no longer have the opportunity to buy back the equities. Homeowners will become perpetual co-owners with UrbanWave until the occurrence of a triggering event, such as the sale of the property.

Can I sell my property after I signed up with UrbanWave?

Yes, homeowners have the flexibility to trigger the sale of the property at any time, as long as the selling price exceeds the minimum home value*. This ensures that homeowners have the opportunity to benefit from potential appreciation in the property's value when deciding to sell.

What happens in the long run after the renovation is completed, and I’m living in my dream UrbanWave home?

Homeowners have the freedom to reside in their property indefinitely and have the option to rent it out at their discretion. The legal co-ownership arrangement with UrbanWave remains, and its implications come into effect only when specific triggering events occur, such as the homeowner's decision to sell the house or if the homeowner defaults on their obligations.

Have more questions? Contact us and we will be happy to answer them!