About The Lister

The current lister of properties on Urby is UrbanWave, our platform’s sister company, which acquires and co-owns properties with homeowners. SSM registered details as follows:

• Company name: Urb Wave Sdn Bhd
• Business Reg: No. 202201047294 (1492991-P)

The lister plays a crucial role in your investment by managing the sourcing and acquisition of properties, executing co-ownership agreements, and dividing the asset into profit-share contracts. It ensures that each property meets our stringent selection criteria and that homeowners meet eligibility requirements, helping to minimize risks for investors.

To ensure that the lister’s properties are legitimate and secure, we conduct a thorough due diligence process at Urby. This process includes:

• Reviewing all relevant documentation about the property and the lister.
• Examining financial statements, business plans, and legal agreements.

This comprehensive vetting process ensures that the profit-share contracts listed on our platform are well-vetted and compliant with the underlying property assets, providing you with a secure and trustworthy investment opportunity.

Urby has a comprehensive vetting process to assess the credibility and financial health of each lister. This process includes:

• Legal and Financial Due Diligence: Urby carefully reviews the lister's financial statements, business plans, and track record to confirm their financial capacity to manage and list properties.
• Background Checks: A thorough background check is conducted on the lister, including its key stakeholders and partners, to identify any legal disputes, pending litigation, or other potential red flags.
• Compliance with Local Regulations: Urby ensures that each lister complies with all relevant legal and regulatory requirements. All necessary licenses, permits, and legal documentation must be in place before a lister can list properties on our platform.
• Ongoing Monitoring: After onboarding, Urby continuously monitors each lister’s financial health and performance to maintain ongoing compliance and security for investors.

Homeowner Bankruptcy: If the homeowner goes bankrupt, UrbanWave’s ownership rights in the property are safeguarded through a robust ownership structure. This typically includes legal protections such as the right to purchase the homeowner's shares and formal recognition as co-owners on the property’s land title, which prioritize investors’ rights and funds in the event of liquidation or other legal proceedings.

UrbanWave Bankruptcy: In the unlikely event that UrbanWave goes bankrupt, Urby has measures in place to protect your investments. Investments tied to profit-share contracts are ring-fenced and kept separate from UrbanWave’s operational assets. This structure ensures that investors’ stakes in the properties are secure. In such a scenario, the Trustee (Universal Trustee Malaysia Berhad) would step in to manage the assets, protecting investor interests and working to ensure a smooth resolution.