KUCHING: Sarawak Housing and Real Estate Developers Association (SHEDA) has signed a Memorandum of Understanding (MoU) with TRB Ventures Sdn Bhd (MHub), with the aim of pushing conventional boundaries that exist between property development and technology in Sarawak.
The signing between the two parties is an exclusive collaboration which demonstrates the State’s focus on prioritising technology-driven projects and investments.
The ceremony was witnessed by Deputy Minister of Public Health, Housing and Local Government II Micheal Tiang Ming Tee, at SHEDA’s State Secretariat Office, on Thursday (March 3).
The MoU was signed by SHEDA President Augustine C H Wong, SHEDA Secretary-General Angie Kueh, MHub chief executive officer Quek Wee Siong and MHub chief strategy officer Joshua Ong.
Wong said the state government is a vocal proponent of driving industries forward with the use of technology.
“Therefore, we approached MHub to come up with a technology-based solution to advance the construction and property development sectors in Sarawak.
“The signing today is the start of what we hope will be a long and mutually-beneficial working relationship between SHEDA and MHub. We are excited to see what the future holds when we merge technology into property development,” said Wong.
Quek also hoped the signing is the first step for MHub towards bringing efficiency, accountability and transparency (EAT) to the construction industry in the state.
He added that it can help to groom local Sarawakian talents in the area of coding and blockchain technology, in line with the state government’s vision for Sarawak to reach the goals in the Sarawak Digital Economy Strategy.
According to SHEDA the strategic alliance plans to jointly develop modules that work to incorporate integrated programmes across the property transaction and construction value chain, providing a tangibly competitive advantage to users.
“SHEDA believes that an intelligently-crafted technology ecosystem will give developers an omnichannel bird’s eye view of their projects and greater real-time control in property marketing, sales, post-sales and property management,” it said.
“As a leading proptech in Malaysia, MHub continues to digitally transform the industry through Automation, Big Data and Connected Ecosystem and we are excited about this great nation-building initiative with SHEDA for Sarawak,” added Ong.
Tiang meanwhile hoped the outcome of the MoU will be expanded and developed into a full-fledged construction system that can be adopted by other infrastructural contractors in the future.