Legal and Compliance

Urby is NOT currently regulated in Malaysia. However, Urby was recently accepted into Securities Commission Malaysia's (SC) inaugural regulatory sandbox to pioneer advancements for alternative real estate investments, while maintaining transparency and safeguarding investors’ interests.

Read the announcement here
Find out more about the sandbox here

Urby is voluntarily complying with industry practices and guidelines issued by SC for operators of Recognized Markets (ECF, P2P, PCF etc.). One of the key measures we have implemented is engaging a trustee to manage custody and protection of our users’ funds.

Furthermore, to prevent bad actors from abusing our platform, we have adopted SC’s guidelines on anti-money laundering and counter terrorism financing (AML/CTF). This includes conducting due diligence on all our users when they sign up as part of a Know Your Customer (KYC) process.

We believe in integrity and transparency and will be making every effort to regularly engage the relevant regulators as we develop.

The Trustee appointed by Urby is Universal Trustee Malaysia Berhad, a registered trust company in Malaysia regulated under the Trustee Act 1949 (Revised 1978), as registered on Security Commissions Malaysia.

We maintain transparency and accountability by providing users with detailed information on all our listed properties such as land titles, sizing, nearby amenities etc. and investment information such as the Profit-share contract, transaction pricing, current market value etc.

Urby users do not actually own the property directly. When you access the app, the property details page will show a redacted version of the land title which confirms the Lister’s ownership.

Before you purchase a share, you will be required to accept an agreement outlining the terms of the  profit-share contract. When a liquidity event occurs you will be notified via email when all the shares you own are sold, and you are no longer bound by the agreement.

You are NOT liable for any owner related risk including but not limited to mortgage financing, utility bills, maintenance expenses, property and road taxes, or other property-related expenses.

Owning a property-specific Profit-Share Contract through Urby does NOT give the right to live in, rent out, or make decisions regarding the property. Your investment only entitles you a claim on the financial returns when a Listing partner exits their stake in the property.

In the event of property disputes or legal issues, our legal team will handle the situation on your behalf to protect your investment. We work closely with legal experts to resolve any issues promptly and efficiently.